OP Bancorp (NASDAQ:OPBK – Get Free Report) announced a quarterly dividend on Thursday, April 25th, Zacks reports. Investors of record on Thursday, May 9th will be given 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 is Wednesday, May 8th.
OP Bancorp has raised its dividend by an average of 19.7% per year over the last three years. OP Bancorp has a dividend payout ratio of 32.7% meaning its dividend is sufficiently covered by earnings.
OP Bancorp Stock Down 1.0 %
Shares of OPBK traded down $0.09 on Friday, reaching $9.34. The company’s stock had a trading volume of 42,907 shares, compared to its average volume of 23,204. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.55. OP Bancorp has a twelve month low of $7.50 and a twelve month high of $11.49. The stock has a market capitalization of $139.73 million, a PE ratio of 6.67 and a beta of 0.62. The firm has a fifty day moving average of $9.87 and a 200-day moving average of $9.79.
Insider Buying and Selling at OP Bancorp
In other news, Director Brian Choi acquired 4,914 shares of the firm’s stock in a transaction on Tuesday, February 6th. The stock was purchased at an average price of $9.95 per share, for a total transaction of $48,894.30. Following the purchase, the director now owns 1,298,520 shares in the company, valued at approximately $12,920,274. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 24.88% of the company’s stock.
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.
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