OP Bancorp (NASDAQ:OPBK - Free Report) - DA Davidson issued their Q4 2024 earnings per share (EPS) estimates for OP Bancorp in a research note issued on Monday, October 28th. DA Davidson analyst G. Tenner anticipates that the company will earn $0.38 per share for the quarter. The consensus estimate for OP Bancorp's current full-year earnings is $1.38 per share.
Separately, Keefe, Bruyette & Woods reaffirmed a "market perform" rating and set a $13.00 price target on shares of OP Bancorp in a research report on Monday, August 26th.
Check Out Our Latest Stock Analysis on OPBK
OP Bancorp Stock Up 4.6 %
Shares of OPBK stock traded up $0.66 during trading hours on Tuesday, reaching $15.08. 39,333 shares of the company's stock were exchanged, compared to its average volume of 27,715. The stock's 50 day moving average is $12.68 and its 200-day moving average is $11.10. The company has a market cap of $224.99 million, a price-to-earnings ratio of 10.81 and a beta of 0.63. The company has a current ratio of 1.02, a quick ratio of 1.01 and a debt-to-equity ratio of 0.59. OP Bancorp has a fifty-two week low of $8.36 and a fifty-two week high of $15.21.
OP Bancorp (NASDAQ:OPBK - Get Free Report) last issued its quarterly earnings results on Thursday, October 24th. The company reported $0.36 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.33 by $0.03. The business had revenue of $39.54 million for the quarter. OP Bancorp had a return on equity of 10.94% and a net margin of 14.18%.
Institutional Investors Weigh In On OP Bancorp
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Diversify Advisory Services LLC purchased a new stake in shares of OP Bancorp during the 1st quarter worth about $7,353,000. ClariVest Asset Management LLC boosted its stake in shares of OP Bancorp by 2.9% during the 2nd quarter. ClariVest Asset Management LLC now owns 90,509 shares of the company's stock worth $868,000 after acquiring an additional 2,528 shares in the last quarter. Empowered Funds LLC boosted its stake in shares of OP Bancorp by 8.1% during the 1st quarter. Empowered Funds LLC now owns 44,348 shares of the company's stock worth $443,000 after acquiring an additional 3,325 shares in the last quarter. Ritholtz Wealth Management boosted its stake in shares of OP Bancorp by 49.7% during the 3rd quarter. Ritholtz Wealth Management now owns 35,948 shares of the company's stock worth $449,000 after acquiring an additional 11,934 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its stake in shares of OP Bancorp by 40.1% during the 2nd 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. 53.63% of the stock is owned by institutional investors and hedge funds.
Insider Activity at OP Bancorp
In related news, insider Ki Won Yoon sold 5,000 shares of the company's stock in a transaction on Wednesday, August 14th. The stock was sold at an average price of $12.18, for a total value of $60,900.00. Following the transaction, the insider now directly owns 47,137 shares of the company's stock, valued at $574,128.66. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 21.34% of the stock is owned by insiders.
OP Bancorp Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, November 21st. Investors of record on Thursday, November 7th will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 3.18%. The ex-dividend date of this dividend is Thursday, November 7th. OP Bancorp's payout ratio is 34.29%.
OP Bancorp Company Profile
(
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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.
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