OP Bancorp (NASDAQ:OPBK) Plans $0.12 Quarterly Dividend

OP Bancorp (NASDAQ:OPBK) announced a quarterly dividend on Thursday, January 23rd,RTT News reports. Shareholders of record on Thursday, February 6th will be given a dividend of 0.12 per share on Thursday, February 20th. This represents a $0.48 annualized dividend and a yield of 3.38%. The ex-dividend date of this dividend is Thursday, February 6th.

OP Bancorp has raised its dividend by an average of 15.7% per year over the last three years. OP Bancorp has a dividend payout ratio of 25.8% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect OP Bancorp to earn $1.51 per share next year, which means the company should continue to be able to cover its $0.48 annual dividend with an expected future payout ratio of 31.8%.

OP Bancorp Trading Down 10.0 %

Shares of OPBK opened at $14.19 on Friday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.00 and a current ratio of 1.00. OP Bancorp has a 52-week low of $8.91 and a 52-week high of $18.57. The firm has a market cap of $210.15 million, a price-to-earnings ratio of 10.14 and a beta of 0.66. The business’s fifty day moving average is $16.27 and its 200-day moving average is $14.00.

OP Bancorp (NASDAQ:OPBK) last released its earnings results on Thursday, January 23rd. The company reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.03). OP Bancorp had a net margin of 14.18% and a return on equity of 10.81%. Equities analysts anticipate that OP Bancorp will post 1.46 EPS for the current fiscal year.

About OP Bancorp

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.