Segall Bryant & Hamill LLC Invests $1.86 Million in OP Bancorp $OPBK

Segall Bryant & Hamill LLC bought a new position in OP Bancorp (NASDAQ:OPBK) during the third quarter, Holdings Channel reports. The firm bought 133,893 shares of the company’s stock, valued at approximately $1,864,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Diversify Advisory Services LLC raised its position in OP Bancorp by 1.9% during the second quarter. Diversify Advisory Services LLC now owns 750,254 shares of the company’s stock valued at $10,256,000 after acquiring an additional 13,654 shares in the last quarter. Acadian Asset Management LLC boosted its position in OP Bancorp by 7.5% in the 2nd quarter. Acadian Asset Management LLC now owns 291,491 shares of the company’s stock worth $3,782,000 after purchasing an additional 20,379 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of OP Bancorp by 118.3% during the 2nd quarter. Geode Capital Management LLC now owns 273,701 shares of the company’s stock worth $3,556,000 after purchasing an additional 148,299 shares during the period. Fourthstone LLC increased its holdings in shares of OP Bancorp by 128.3% during the 2nd quarter. Fourthstone LLC now owns 263,790 shares of the company’s stock valued at $3,427,000 after purchasing an additional 148,238 shares in the last quarter. Finally, Marshall Wace LLP increased its holdings in shares of OP Bancorp by 960.2% during the 2nd quarter. Marshall Wace LLP now owns 140,591 shares of the company’s stock valued at $1,826,000 after purchasing an additional 127,330 shares in the last quarter. 53.63% of the stock is owned by institutional investors and hedge funds.

OP Bancorp Trading Down 1.3%

Shares of OPBK stock opened at $13.12 on Friday. OP Bancorp has a fifty-two week low of $10.43 and a fifty-two week high of $15.27. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.01 and a current ratio of 1.01. The stock’s fifty day moving average is $14.05 and its two-hundred day moving average is $13.93. The firm has a market capitalization of $195.36 million, a P/E ratio of 7.67 and a beta of 0.66.

OP Bancorp (NASDAQ:OPBK) last posted its quarterly earnings results on Thursday, January 22nd. The company reported $0.47 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.05). The company had revenue of $24.28 million for the quarter, compared to analysts’ expectations of $24.85 million. OP Bancorp had a return on equity of 11.93% and a net margin of 15.39%. Research analysts expect that OP Bancorp will post 1.9 earnings per share for the current fiscal year.

OP Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 19th. Shareholders of record on Thursday, February 5th were given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 3.7%. The ex-dividend date of this dividend was Thursday, February 5th. OP Bancorp’s dividend payout ratio (DPR) is currently 28.07%.

Analyst Ratings Changes

Several analysts have commented on OPBK shares. Zacks Research lowered OP Bancorp from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 27th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of OP Bancorp in a research note on Monday, December 29th. One research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, OP Bancorp has a consensus rating of “Hold” and a consensus target price of $16.50.

About OP Bancorp

OP Bancorp is the bank holding company for Old Point National Bank, a community-focused financial institution headquartered in Suffolk, Virginia. Through its subsidiary, the company offers a broad range of commercial and consumer banking services designed to meet the needs of businesses, professionals and individuals across the Hampton Roads and Virginia Peninsula regions. Core services include business lending, real estate financing, deposit accounts, cash management solutions and treasury services.

The company’s lending portfolio spans commercial real estate loans, construction and land development financing, equipment loans and lines of credit tailored for small and medium-sized enterprises.