OP Bancorp (NASDAQ:OPBK) Declares Quarterly Dividend of $0.12

OP Bancorp (NASDAQ:OPBK) announced a quarterly dividend on Thursday, April 25th, Zacks reports. Shareholders of record on Thursday, May 9th will be paid a dividend of 0.12 per share on Thursday, May 23rd. This represents a $0.48 dividend on an annualized basis and a dividend yield of 5.14%. The ex-dividend date of this dividend is Wednesday, May 8th.

OP Bancorp has increased its dividend by an average of 19.7% annually over the last three years. OP Bancorp has a dividend payout ratio of 32.7% indicating that its dividend is sufficiently covered by earnings.

OP Bancorp Stock Down 1.0 %

Shares of NASDAQ:OPBK traded down $0.09 during trading hours on Friday, reaching $9.34. The stock had a trading volume of 42,907 shares, compared to its average volume of 23,204. OP Bancorp has a 1 year low of $7.50 and a 1 year high of $11.49. The firm’s 50 day moving average is $9.87 and its 200-day moving average is $9.79. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.01 and a current ratio of 1.01. The stock has a market capitalization of $139.73 million, a price-to-earnings ratio of 6.67 and a beta of 0.62.

OP Bancorp (NASDAQ:OPBK) last posted its earnings results on Thursday, January 25th. The company reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.03). The company had revenue of $19.91 million during the quarter. OP Bancorp had a net margin of 15.50% and a return on equity of 11.56%. Research analysts predict that OP Bancorp will post 1.52 earnings per share for the current fiscal year.

Insider Activity at OP Bancorp

In related news, Director Brian Choi bought 4,914 shares of the company’s stock in a transaction that occurred on Tuesday, February 6th. The shares were purchased at an average cost of $9.95 per share, with a total value of $48,894.30. Following the transaction, the director now directly owns 1,298,520 shares of the company’s stock, valued at approximately $12,920,274. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 24.88% of the company’s stock.

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.