OP Bancorp (NASDAQ:OPBK) Announces Quarterly Earnings Results, Beats Expectations By $0.06 EPS

OP Bancorp (NASDAQ:OPBK) announced its quarterly earnings results on Thursday. The company reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.06, Zacks reports. OP Bancorp had a net margin of 14.52% and a return on equity of 11.00%. The company had revenue of $38.54 million for the quarter.

OP Bancorp Price Performance

OPBK traded up $0.45 during trading hours on Friday, hitting $12.50. The company’s stock had a trading volume of 269,362 shares, compared to its average volume of 21,834. The business’s 50-day moving average price is $10.00 and its 200-day moving average price is $10.06. OP Bancorp has a 12 month low of $8.23 and a 12 month high of $12.82. The stock has a market cap of $186.50 million, a price-to-earnings ratio of 8.93 and a beta of 0.63. The company has a current ratio of 1.02, a quick ratio of 1.01 and a debt-to-equity ratio of 0.54.

OP Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 22nd. Investors of record on Thursday, August 8th will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 3.84%. The ex-dividend date is Thursday, August 8th. OP Bancorp’s dividend payout ratio is presently 34.29%.

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.