OP Bancorp (OPBK) to Distribute Quarterly Dividend of $0.14 on November 19th

OP Bancorp (NASDAQ:OPBK) declared a quarterly dividend on Thursday, October 22nd. Shareholders of record on Thursday, November 5th will be given a dividend of $0.14 per share on Thursday, November 19th. This represents a $0.56 annualized dividend and a yield of 3.7%. The ex-dividend date is Thursday, November 5th.

OP Bancorp has increased its dividend payment by an average of 0.1% per year over the last three years. OP Bancorp has a payout ratio of 30.9% indicating that its dividend is sufficiently covered by earnings. Analysts expect OP Bancorp to earn $2.17 per share next year, which means the company should continue to be able to cover its $0.56 annual dividend with an expected future payout ratio of 25.8%.

OP Bancorp Trading Up 1.7%

Shares of OP Bancorp stock opened at $15.33 on Tuesday. The stock has a 50 day moving average of $15.14 and a 200 day moving average of $14.51. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.01 and a current ratio of 1.02. The firm has a market capitalization of $228.88 million, a price-to-earnings ratio of 7.64 and a beta of 0.62. OP Bancorp has a fifty-two week low of $12.41 and a fifty-two week high of $16.83.

OP Bancorp (NASDAQ:OPBK) last released its quarterly earnings results on Thursday, October 22nd. The company reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.02. The business had revenue of $27.50 million for the quarter, compared to the consensus estimate of $26.50 million. OP Bancorp had a net margin of 17.09% and a return on equity of 12.89%. As a group, research analysts predict that OP Bancorp will post 2.06 earnings per share for the current year.

Institutional Investors Weigh In On OP Bancorp

Institutional investors have recently added to or reduced their stakes in the business. Hsbc Holdings PLC acquired a new stake in shares of OP Bancorp in the second quarter valued at approximately $319,000. Empowered Funds LLC purchased a new position in shares of OP Bancorp in the 2nd quarter valued at approximately $1,008,000. Public Employees Retirement System of Ohio acquired a new position in OP Bancorp in the 2nd quarter valued at $107,000. Bank of America Corp DE purchased a new position in shares of OP Bancorp during the 2nd quarter worth approximately $153,000. Finally, Man Group plc acquired a new stake in OP Bancorp in the second quarter valued at $1,439,000. Hedge funds and other institutional investors own 53.63% of the company’s stock.

OP Bancorp Company Profile

OP Bancorp is the bank holding company for Open Bank, a community-focused financial institution headquartered in Los Angeles, California. Founded in 2005, Open Bank primarily serves small and middle-market businesses, entrepreneurs, professionals and individuals, with a particular focus on Korean American and other Asian American communities.

Open Bank offers a range of banking products and services, including business and personal checking and savings accounts, certificates of deposit, commercial and residential real estate loans, commercial and industrial lending, small business loans and consumer financing.