OP Bancorp (OPBK) to Distribute Quarterly Dividend of $0.14 on August 20th

OP Bancorp (NASDAQ:OPBK) declared a quarterly dividend on Thursday, July 23rd. Investors of record on Thursday, August 6th will be given a dividend of 0.14 per share on Thursday, August 20th. This represents a c) annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend is Thursday, August 6th.

OP Bancorp has increased its dividend by an average of 0.1%annually over the last three years. OP Bancorp has a dividend payout ratio of 30.9% meaning its dividend is sufficiently covered by earnings. Research analysts expect OP Bancorp to earn $2.14 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 26.2%.

OP Bancorp Stock Up 1.8%

OPBK stock opened at $15.88 on Tuesday. The stock has a market cap of $236.45 million, a P/E ratio of 8.23 and a beta of 0.59. The company has a current ratio of 1.02, a quick ratio of 1.01 and a debt-to-equity ratio of 0.43. OP Bancorp has a twelve month low of $12.41 and a twelve month high of $16.83. The company’s 50 day moving average is $14.73 and its two-hundred day moving average is $14.18.

OP Bancorp (NASDAQ:OPBK) last issued its earnings results on Thursday, July 23rd. The company reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.09. The business had revenue of $25.72 million during the quarter, compared to analysts’ expectations of $25.15 million. OP Bancorp had a net margin of 16.87% and a return on equity of 12.74%. Research analysts expect that OP Bancorp will post 2.06 earnings per share for the current fiscal year.

OP Bancorp Company Profile

OP Bancorp is the bank holding company for Old Point National Bank, a community-focused financial institution headquartered in Suffolk, Virginia. Through its subsidiary, the company offers a broad range of commercial and consumer banking services designed to meet the needs of businesses, professionals and individuals across the Hampton Roads and Virginia Peninsula regions. Core services include business lending, real estate financing, deposit accounts, cash management solutions and treasury services.

The company’s lending portfolio spans commercial real estate loans, construction and land development financing, equipment loans and lines of credit tailored for small and medium-sized enterprises.