DA Davidson Forecasts OP Bancorp's Q1 Earnings (NASDAQ:OPBK)

OP Bancorp (NASDAQ:OPBK - Free Report) - Equities research analysts at DA Davidson issued their Q1 2025 earnings estimates for shares of OP Bancorp in a note issued to investors on Tuesday, January 28th. DA Davidson analyst G. Tenner expects that the company will post earnings of $0.30 per share for the quarter. The consensus estimate for OP Bancorp's current full-year earnings is $1.90 per share.

OP Bancorp (NASDAQ:OPBK - Get Free Report) last issued its quarterly earnings results on Thursday, January 23rd. The company reported $0.33 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.03). OP Bancorp had a return on equity of 10.64% and a net margin of 13.68%.

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

OP Bancorp Stock Performance

Shares of OP Bancorp stock traded down $0.61 during trading on Wednesday, reaching $13.28. The company's stock had a trading volume of 24,790 shares, compared to its average volume of 27,700. The firm has a market cap of $196.68 million, a PE ratio of 9.55 and a beta of 0.66. OP Bancorp has a 52 week low of $8.91 and a 52 week high of $18.57. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.37. The business's 50-day moving average price is $15.95 and its 200-day moving average price is $14.13.

OP Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, February 20th. Stockholders 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 dividend yield of 3.61%. OP Bancorp's dividend payout ratio is presently 34.53%.

Institutional Investors Weigh In On OP Bancorp

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP raised its stake in shares of OP Bancorp by 8.0% during the second quarter. Dimensional Fund Advisors LP now owns 476,934 shares of the company's stock worth $4,573,000 after acquiring an additional 35,288 shares in the last quarter. Renaissance Technologies LLC increased its position in OP Bancorp by 40.1% during the 2nd quarter. Renaissance Technologies LLC now owns 112,060 shares of the company's stock valued at $1,075,000 after buying an additional 32,060 shares in the last quarter. Ritholtz Wealth Management lifted its stake in shares of OP Bancorp by 49.7% in the third quarter. Ritholtz Wealth Management now owns 35,948 shares of the company's stock worth $449,000 after buying an additional 11,934 shares in the last quarter. Empowered Funds LLC boosted its position in shares of OP Bancorp by 5.3% during the third quarter. Empowered Funds LLC now owns 50,314 shares of the company's stock valued at $628,000 after buying an additional 2,546 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. grew its position in 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 worth $767,000 after purchasing an additional 9,447 shares during the period. 53.63% of the stock is currently owned by institutional investors.

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.