OP Bancorp (NASDAQ:OPBK) Issues Earnings Results

OP Bancorp (NASDAQ:OPBK) announced its quarterly earnings results on Thursday. The company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.03, Zacks reports. The company had revenue of $39.54 million during the quarter. OP Bancorp had a net margin of 14.52% and a return on equity of 10.92%.

OP Bancorp Stock Up 2.3 %

Shares of OP Bancorp stock opened at $14.15 on Friday. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.02 and a quick ratio of 1.01. OP Bancorp has a 1-year low of $8.30 and a 1-year high of $14.38. The business’s fifty day moving average price is $12.64 and its two-hundred day moving average price is $11.04. The company has a market capitalization of $211.12 million, a P/E ratio of 10.11 and a beta of 0.63.

OP Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 21st. Investors of record on Thursday, November 7th will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 3.39%. The ex-dividend date is Thursday, November 7th. OP Bancorp’s dividend payout ratio is currently 34.29%.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $13.00 price objective on shares of OP Bancorp in a research report on Monday, August 26th.

Insider Transactions at OP Bancorp

In related news, insider Ki Won Yoon sold 5,000 shares of OP Bancorp stock in a transaction dated Wednesday, August 14th. The shares were sold at an average price of $12.18, for a total transaction of $60,900.00. Following the sale, the insider now directly owns 47,137 shares in the company, valued at $574,128.66. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 21.34% 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.