OP Bancorp (OPBK) To Go Ex-Dividend on November 7th

OP Bancorp (NASDAQ:OPBK) declared a quarterly dividend on Thursday, October 24th, Zacks reports. Shareholders of record on Thursday, November 7th will be paid a dividend of 0.12 per share on Thursday, November 21st. This represents a $0.48 dividend on an annualized basis and a yield of 3.39%. The ex-dividend date of this dividend is Thursday, November 7th.

OP Bancorp has raised its dividend payment by an average of 19.7% per year over the last three years. OP Bancorp has a dividend payout ratio of 32.9% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect OP Bancorp to earn $1.47 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 32.7%.

OP Bancorp Stock Up 2.3 %

Shares of OPBK stock traded up $0.32 on Friday, hitting $14.15. The stock had a trading volume of 38,936 shares, compared to its average volume of 27,510. The business has a 50 day moving average price of $12.64 and a 200 day moving average price of $11.04. OP Bancorp has a one year low of $8.30 and a one year high of $14.38. The company has a market cap of $211.12 million, a PE ratio of 10.11 and a beta of 0.63. The company has a quick ratio of 1.01, a current ratio of 1.02 and a debt-to-equity ratio of 0.59.

OP Bancorp (NASDAQ:OPBK) last issued its quarterly earnings data on Thursday, October 24th. The company reported $0.36 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $0.03. The company had revenue of $39.54 million for the quarter. OP Bancorp had a return on equity of 10.92% and a net margin of 14.52%. Research analysts anticipate that OP Bancorp will post 1.38 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

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

Insider Transactions at OP Bancorp

In other OP Bancorp news, insider Ki Won Yoon sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 14th. The stock was sold at an average price of $12.18, for a total transaction of $60,900.00. Following the completion of the sale, the insider now directly owns 47,137 shares in the company, valued at approximately $574,128.66. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 21.34% 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.