Stieven Capital Advisors L.P. Trims Holdings in OP Bancorp (NASDAQ:OPBK)

Stieven Capital Advisors L.P. reduced its stake in shares of OP Bancorp (NASDAQ:OPBK - Free Report) by 12.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 245,465 shares of the company's stock after selling 35,403 shares during the quarter. Stieven Capital Advisors L.P. owned approximately 1.66% of OP Bancorp worth $3,881,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Barclays PLC purchased a new stake in OP Bancorp in the third quarter valued at about $58,000. Ritholtz Wealth Management raised its stake in OP Bancorp by 10.4% in the fourth quarter. Ritholtz Wealth Management now owns 39,688 shares of the company's stock valued at $627,000 after buying an additional 3,740 shares during the last quarter. Empowered Funds LLC raised its stake in OP Bancorp by 5.3% in 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. Connor Clark & Lunn Investment Management Ltd. raised its stake in 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 during the last quarter. Finally, Fourthstone LLC purchased a new stake in OP Bancorp in the third quarter valued at about $1,448,000. 53.63% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods decreased their price target on 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 Stock Down 2.2 %

OP Bancorp stock traded down $0.31 during midday trading on Wednesday, reaching $13.99. The company's stock had a trading volume of 25,837 shares, compared to its average volume of 29,729. The stock's 50-day simple moving average is $15.26 and its 200-day simple moving average is $14.35. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.00 and a quick ratio of 1.00. OP Bancorp has a 52-week low of $8.91 and a 52-week high of $18.57. The stock has a market capitalization of $207.19 million, a P/E ratio of 10.06 and a beta of 0.64.

OP Bancorp (NASDAQ:OPBK - Get Free Report) last announced its quarterly earnings data on Thursday, January 23rd. The company reported $0.33 earnings per share (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%. On average, sell-side analysts expect that OP Bancorp will post 1.9 EPS for the current year.

OP Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 20th. Stockholders of record on Thursday, February 6th will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 3.43%. The ex-dividend date of this dividend is Thursday, February 6th. OP Bancorp's payout ratio is 34.53%.

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.