OP Bancorp (NASDAQ:OPBK) Short Interest Update

OP Bancorp (NASDAQ:OPBK - Get Free Report) was the recipient of a large increase in short interest during the month of January. As of January 15th, there was short interest totalling 43,700 shares, an increase of 22.1% from the December 31st total of 35,800 shares. Based on an average daily trading volume, of 31,100 shares, the short-interest ratio is currently 1.4 days. Approximately 0.4% of the company's shares are short sold.

OP Bancorp Trading Down 1.3 %

Shares of OPBK traded down $0.19 during mid-day trading on Friday, reaching $14.70. The company had a trading volume of 26,789 shares, compared to its average volume of 30,690. The stock has a market cap of $217.74 million, a price-to-earnings ratio of 10.58 and a beta of 0.64. 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 firm has a fifty day simple moving average of $15.72 and a 200-day simple moving average of $14.20. OP Bancorp has a fifty-two week low of $8.91 and a fifty-two week high of $18.57.

OP Bancorp (NASDAQ:OPBK - Get Free Report) last posted its quarterly earnings results on Thursday, January 23rd. The company reported $0.33 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.36 by ($0.03). OP Bancorp had a net margin of 13.68% and a return on equity of 10.64%. On average, sell-side analysts anticipate that OP Bancorp will post 1.9 EPS for the current fiscal year.

OP Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 20th. Shareholders of record on Thursday, February 6th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Thursday, February 6th. This represents a $0.48 dividend on an annualized basis and a yield of 3.27%. OP Bancorp's dividend payout ratio (DPR) is 34.53%.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods dropped their price objective on shares of OP Bancorp from $19.00 to $18.00 and set a "market perform" rating for the company in a research note on Monday, January 27th.

Institutional Investors Weigh In On OP Bancorp

Several large investors have recently made changes to their positions in the business. Barclays PLC acquired a new position in shares of OP Bancorp during the 3rd quarter valued at $58,000. Ritholtz Wealth Management raised its position in OP Bancorp by 49.7% in the third quarter. Ritholtz Wealth Management now owns 35,948 shares of the company's stock valued at $449,000 after purchasing an additional 11,934 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of OP Bancorp by 139.6% during the fourth quarter. Bank of New York Mellon Corp now owns 33,024 shares of the company's stock worth $522,000 after purchasing an additional 19,243 shares in the last quarter. Empowered Funds LLC boosted its position in shares of OP Bancorp by 5.3% in the third quarter. Empowered Funds LLC now owns 50,314 shares of the company's stock worth $628,000 after buying an additional 2,546 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of OP Bancorp by 18.2% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 61,467 shares of the company's stock valued at $767,000 after buying an additional 9,447 shares in the last quarter. Institutional investors and hedge funds own 53.63% of the company's stock.

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.