Short Interest in OP Bancorp (NASDAQ:OPBK) Increases By 23.5%

OP Bancorp (NASDAQ:OPBK - Get Free Report) saw a large increase in short interest in December. As of December 15th, there was short interest totalling 46,800 shares, an increase of 23.5% from the November 30th total of 37,900 shares. Currently, 0.4% of the company's shares are sold short. Based on an average daily trading volume, of 27,400 shares, the days-to-cover ratio is currently 1.7 days.

OP Bancorp Trading Down 0.6 %

Shares of NASDAQ OPBK traded down $0.09 during trading on Friday, hitting $15.56. 9,895 shares of the company were exchanged, compared to its average volume of 28,236. The company has a fifty day moving average price of $16.14 and a 200-day moving average price of $13.23. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.00 and a current ratio of 1.00. The firm has a market capitalization of $230.47 million, a PE ratio of 11.11 and a beta of 0.64. OP Bancorp has a 12-month low of $8.91 and a 12-month high of $18.57.

OP Bancorp (NASDAQ:OPBK - Get Free Report) last posted its earnings results 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. The company had revenue of $39.54 million for the quarter. OP Bancorp had a net margin of 14.18% and a return on equity of 10.81%. As a group, equities research analysts expect that OP Bancorp will post 1.46 EPS for the current year.

OP Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 21st. Shareholders of record on Thursday, November 7th were paid 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 yield of 3.08%. OP Bancorp's dividend payout ratio (DPR) is 34.29%.

Institutional Investors Weigh In On OP Bancorp

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Barclays PLC acquired a new stake in shares of OP Bancorp during the 3rd quarter worth about $58,000. Geode Capital Management LLC boosted its stake in OP Bancorp by 2.6% during the third quarter. Geode Capital Management LLC now owns 118,203 shares of the company's stock worth $1,476,000 after buying an additional 2,948 shares during the period. Fourthstone LLC acquired a new stake in shares of OP Bancorp during the third quarter valued at about $1,448,000. Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of OP Bancorp by 18.2% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 61,467 shares of the company's stock valued at $767,000 after acquiring an additional 9,447 shares during the period. Finally, Empowered Funds LLC lifted its holdings in shares of OP Bancorp by 5.3% in the 3rd quarter. Empowered Funds LLC now owns 50,314 shares of the company's stock worth $628,000 after acquiring an additional 2,546 shares during the last quarter. Hedge funds and other institutional investors 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.