OP Bancorp (NASDAQ:OPBK) Short Interest Update

OP Bancorp (NASDAQ:OPBKGet Free Report) was the recipient of a large decline in short interest during the month of May. As of May 31st, there was short interest totalling 11,800 shares, a decline of 24.4% from the May 15th total of 15,600 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 28,400 shares, the short-interest ratio is presently 0.4 days.

OP Bancorp Stock Performance

Shares of NASDAQ OPBK traded down $0.16 during midday trading on Friday, reaching $9.41. The company’s stock had a trading volume of 22,817 shares, compared to its average volume of 22,985. OP Bancorp has a 12-month low of $8.12 and a 12-month high of $11.49. The firm has a 50 day moving average price of $9.57 and a 200-day moving average price of $10.06. The stock has a market capitalization of $140.40 million, a P/E ratio of 6.72 and a beta of 0.67. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.02 and a quick ratio of 1.01.

OP Bancorp (NASDAQ:OPBKGet Free Report) last announced its earnings results on Thursday, April 25th. The company reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.06. OP Bancorp had a return on equity of 11.44% and a net margin of 15.50%. The firm had revenue of $19.57 million for the quarter. As a group, equities analysts predict that OP Bancorp will post 1.3 earnings per share for the current year.

OP Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, May 23rd. Investors of record on Thursday, May 9th were issued a $0.12 dividend. The ex-dividend date was Wednesday, May 8th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 5.10%. OP Bancorp’s dividend payout ratio (DPR) is presently 34.29%.

Institutional Investors Weigh In On OP Bancorp

Hedge funds have recently modified their holdings of the stock. AJOVista LLC bought a new stake in shares of OP Bancorp in the 4th quarter worth approximately $83,000. Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of OP Bancorp by 58.1% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 27,592 shares of the company’s stock worth $252,000 after purchasing an additional 10,135 shares during the period. Hilltop Holdings Inc. bought a new stake in shares of OP Bancorp in the 4th quarter worth approximately $274,000. O Shaughnessy Asset Management LLC raised its holdings in shares of OP Bancorp by 76.8% in the 3rd quarter. O Shaughnessy Asset Management LLC now owns 34,942 shares of the company’s stock worth $320,000 after purchasing an additional 15,176 shares during the period. Finally, Empowered Funds LLC raised its holdings in shares of OP Bancorp by 8.1% in the 1st quarter. Empowered Funds LLC now owns 44,348 shares of the company’s stock worth $443,000 after purchasing an additional 3,325 shares during the period. Institutional investors own 53.63% of the company’s stock.

About OP Bancorp

(Get Free Report)

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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