OP Bancorp (NASDAQ:OPBK) Issues Earnings Results

OP Bancorp (NASDAQ:OPBK) announced its quarterly earnings results on Thursday. The company reported $0.33 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.03), Zacks reports. OP Bancorp had a net margin of 14.18% and a return on equity of 10.81%.

OP Bancorp Price Performance

NASDAQ:OPBK opened at $15.77 on Friday. The firm has a market cap of $233.55 million, a PE ratio of 11.26 and a beta of 0.66. The company’s 50-day moving average price is $16.33 and its two-hundred day moving average price is $13.96. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.37. OP Bancorp has a 12 month low of $8.91 and a 12 month high of $18.57.

OP Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, February 20th. Investors of record on Thursday, February 6th will be issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 3.04%. OP Bancorp’s dividend payout ratio is currently 34.29%.

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.