Royce & Associates LP Purchases New Position in OP Bancorp (NASDAQ:OPBK)

Royce & Associates LP bought a new stake in OP Bancorp (NASDAQ:OPBK - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 94,500 shares of the company's stock, valued at approximately $1,494,000. Royce & Associates LP owned approximately 0.64% of OP Bancorp at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in OPBK. Barclays PLC purchased a new position in OP Bancorp in the 3rd quarter worth approximately $58,000. Ritholtz Wealth Management lifted its position in OP Bancorp by 10.4% during the fourth quarter. Ritholtz Wealth Management now owns 39,688 shares of the company's stock worth $627,000 after buying an additional 3,740 shares in the last quarter. Geode Capital Management LLC grew its holdings in OP Bancorp by 2.6% in the 3rd quarter. Geode Capital Management LLC now owns 118,203 shares of the company's stock valued at $1,476,000 after buying an additional 2,948 shares in the last quarter. Fourthstone LLC acquired a new stake in shares of OP Bancorp in the 3rd quarter worth $1,448,000. Finally, Empowered Funds LLC increased its position in OP Bancorp by 5.2% during the fourth quarter. Empowered Funds LLC now owns 52,929 shares of the company's stock worth $837,000 after purchasing an additional 2,615 shares during the last quarter. 53.63% of the stock is currently owned by hedge funds and other institutional investors.

OP Bancorp Trading Down 2.7 %

OPBK traded down $0.34 on Tuesday, hitting $12.18. The company had a trading volume of 46,128 shares, compared to its average volume of 29,189. The company's fifty day moving average price is $13.72 and its 200 day moving average price is $14.43. The firm has a market cap of $180.41 million, a P/E ratio of 8.76 and a beta of 0.60. OP Bancorp has a 1 year low of $8.91 and a 1 year high of $18.57. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.37.

Remove Ads

OP Bancorp (NASDAQ:OPBK - Get Free Report) last posted its earnings results on Thursday, January 23rd. The company reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.03). OP Bancorp had a net margin of 13.68% and a return on equity of 10.64%. As a group, equities analysts expect that OP Bancorp will post 1.9 earnings per share for the current year.

OP Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Thursday, February 6th were paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 3.94%. The ex-dividend date of this dividend was Thursday, February 6th. OP Bancorp's payout ratio is 34.53%.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods dropped their price target 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.

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.