Fourthstone LLC Buys New Shares in OP Bancorp (NASDAQ:OPBK)

Fourthstone LLC acquired a new stake in shares of OP Bancorp (NASDAQ:OPBK - Free Report) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund acquired 116,006 shares of the company's stock, valued at approximately $1,448,000. Fourthstone LLC owned approximately 0.78% of OP Bancorp as of its most recent filing with the SEC.

Several other institutional investors have also recently made changes to their positions in OPBK. ClariVest Asset Management LLC lifted its position in OP Bancorp by 2.9% during the 2nd quarter. ClariVest Asset Management LLC now owns 90,509 shares of the company's stock valued at $868,000 after acquiring an additional 2,528 shares during the period. Ritholtz Wealth Management increased its position in OP Bancorp by 44.9% during the 2nd quarter. Ritholtz Wealth Management now owns 24,014 shares of the company's stock valued at $230,000 after buying an additional 7,440 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in OP Bancorp by 40.1% in the second quarter. Renaissance Technologies LLC now owns 112,060 shares of the company's stock worth $1,075,000 after acquiring an additional 32,060 shares in the last quarter. Russell Investments Group Ltd. increased its holdings in shares of OP Bancorp by 13.7% during the first quarter. Russell Investments Group Ltd. now owns 48,924 shares of the company's stock valued at $488,000 after acquiring an additional 5,896 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC raised its position in shares of OP Bancorp by 36.6% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 40,486 shares of the company's stock worth $404,000 after purchasing an additional 10,854 shares during the last quarter. Institutional investors own 53.63% of the company's stock.

OP Bancorp Stock Performance

NASDAQ:OPBK traded down $0.01 during mid-day trading on Thursday, reaching $17.43. The company's stock had a trading volume of 10,731 shares, compared to its average volume of 28,602. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.37. The stock has a market cap of $258.17 million, a P/E ratio of 12.45 and a beta of 0.60. The firm's fifty day moving average price is $14.36 and its two-hundred day moving average price is $12.15. OP Bancorp has a 12-month low of $8.57 and a 12-month high of $18.29.

OP Bancorp (NASDAQ:OPBK - Get Free Report) last released its quarterly earnings data on Thursday, October 24th. The company reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.03. OP Bancorp had a net margin of 14.18% and a return on equity of 10.81%. The firm had revenue of $39.54 million during the quarter. On average, equities analysts forecast that OP Bancorp will post 1.46 EPS for the current fiscal year.

OP Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, November 21st. Stockholders of record on Thursday, November 7th were issued a dividend of $0.12 per share. The ex-dividend date of this dividend was Thursday, November 7th. This represents a $0.48 annualized dividend and a dividend yield of 2.75%. OP Bancorp's payout ratio is 34.29%.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods restated a "market perform" rating and issued a $13.00 price target on shares of OP Bancorp in a research note on Monday, August 26th.

About OP Bancorp

OP Bancorp operates as the bank holding company for Open Bank that provides banking products and services in California. It offers demand, checking, savings, money market, and time deposit accounts, as well as certificates of deposit. The company also provides commercial real estate, small business administration, commercial and industrial business, single-family residential, term, consumer, and home mortgage loans; trade financing products; and letters of credit, and SWIFT and export advice.