OP Bancorp (OPBK) Expected to Announce Earnings on Thursday

OP Bancorp (NASDAQ:OPBK - Get Free Report) is projected to announce its Q1 2025 earnings results before the market opens on Thursday, April 24th. Analysts expect the company to announce earnings of $0.30 per share and revenue of $21.25 million for the quarter.

OP Bancorp (NASDAQ:OPBK - Get Free Report) last released its quarterly earnings results on Thursday, January 23rd. The company reported $0.33 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%.

OP Bancorp Price Performance

NASDAQ OPBK traded up $0.60 during trading hours on Tuesday, reaching $11.62. 89,008 shares of the company's stock were exchanged, compared to its average volume of 32,139. The firm has a fifty day moving average of $12.24 and a 200-day moving average of $14.25. OP Bancorp has a one year low of $9.10 and a one year high of $18.57. The stock has a market cap of $173.30 million, a PE ratio of 8.36 and a beta of 0.54. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.37.

OP Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Stockholders of record on Thursday, February 6th were issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 4.13%. The ex-dividend date of this dividend was Thursday, February 6th. OP Bancorp's payout ratio is presently 34.53%.

Analysts Set New Price Targets

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

Institutional Investors Weigh In On OP Bancorp

A hedge fund recently raised its stake in OP Bancorp stock. Bank of America Corp DE grew its holdings in OP Bancorp (NASDAQ:OPBK - Free Report) by 880.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 5,758 shares of the company's stock after purchasing an additional 5,171 shares during the quarter. Bank of America Corp DE's holdings in OP Bancorp were worth $91,000 at the end of the most recent reporting period. Institutional investors own 53.63% of the company's stock.

OP Bancorp Company Profile

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.