Truffle Hound Capital LLC Purchases Shares of 580,000 OP Bancorp (NASDAQ:OPBK)

Truffle Hound Capital LLC acquired a new stake in OP Bancorp (NASDAQ:OPBK - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 580,000 shares of the company's stock, valued at approximately $9,170,000. OP Bancorp comprises approximately 3.2% of Truffle Hound Capital LLC's investment portfolio, making the stock its 5th biggest holding. Truffle Hound Capital LLC owned about 3.92% of OP Bancorp at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in OPBK. Fourthstone LLC acquired a new stake in shares of OP Bancorp in the third quarter valued at about $1,448,000. Raymond James Financial Inc. acquired a new stake in OP Bancorp in the 4th quarter valued at about $1,568,000. Royce & Associates LP purchased a new position in OP Bancorp in the 4th quarter worth approximately $1,494,000. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of OP Bancorp by 41.8% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 87,165 shares of the company's stock worth $1,378,000 after purchasing an additional 25,698 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its position in shares of OP Bancorp by 139.6% in the fourth quarter. Bank of New York Mellon Corp now owns 33,024 shares of the company's stock valued at $522,000 after purchasing an additional 19,243 shares in the last quarter. Hedge funds and other institutional investors own 53.63% of the company's stock.

Wall Street Analyst Weigh In

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

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OP Bancorp Trading Down 0.2 %

Shares of OPBK stock traded down $0.03 on Wednesday, hitting $12.15. 33,311 shares of the stock traded hands, compared to its average volume of 29,382. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.00 and a current ratio of 1.00. OP Bancorp has a twelve month low of $8.91 and a twelve month high of $18.57. The firm's 50-day moving average price is $13.67 and its two-hundred day moving average price is $14.43. The stock has a market capitalization of $179.97 million, a PE ratio of 8.74 and a beta of 0.60.

OP Bancorp (NASDAQ:OPBK - Get Free Report) last posted its quarterly 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, analysts anticipate that OP Bancorp will post 1.9 EPS for the current year.

OP Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Shareholders of record on Thursday, February 6th were paid a dividend of $0.12 per share. The ex-dividend date was Thursday, February 6th. This represents a $0.48 annualized dividend and a yield of 3.95%. OP Bancorp's dividend payout ratio (DPR) is 34.53%.

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.