OP Bancorp (NASDAQ:OPBK) Shares Sold by Stieven Capital Advisors L.P.

Stieven Capital Advisors L.P. cut its holdings in shares of OP Bancorp (NASDAQ:OPBK) by 12.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 245,465 shares of the company’s stock after selling 35,403 shares during the period. Stieven Capital Advisors L.P.’s holdings in OP Bancorp were worth $3,881,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in OPBK. Fourthstone LLC acquired a new position in OP Bancorp during the 3rd quarter valued at about $1,448,000. Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of OP Bancorp by 18.2% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 61,467 shares of the company’s stock worth $767,000 after acquiring an additional 9,447 shares during the last quarter. Barclays PLC acquired a new position in shares of OP Bancorp during the third quarter valued at about $58,000. Ritholtz Wealth Management raised its position in shares of OP Bancorp by 10.4% in the 4th quarter. Ritholtz Wealth Management now owns 39,688 shares of the company’s stock valued at $627,000 after purchasing an additional 3,740 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in OP Bancorp by 2.6% in the 3rd quarter. Geode Capital Management LLC now owns 118,203 shares of the company’s stock worth $1,476,000 after purchasing an additional 2,948 shares in the last quarter. Hedge funds and other institutional investors own 53.63% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods decreased their price target on shares of OP Bancorp from $19.00 to $18.00 and set a “market perform” rating for the company in a report on Monday, January 27th.

OP Bancorp Stock Performance

Shares of OPBK opened at $14.42 on Friday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.00 and a current ratio of 1.00. The stock has a 50-day moving average of $15.32 and a two-hundred day moving average of $14.32. The stock has a market cap of $213.56 million, a P/E ratio of 10.37 and a beta of 0.64. OP Bancorp has a one year low of $8.91 and a one year high of $18.57.

OP Bancorp (NASDAQ:OPBK) last released its earnings results on Thursday, January 23rd. The company reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.03). OP Bancorp had a return on equity of 10.64% and a net margin of 13.68%. As a group, research analysts predict that OP Bancorp will post 1.9 EPS for the current year.

OP Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 20th. Stockholders of record on Thursday, February 6th will be issued a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 3.33%. The ex-dividend date is Thursday, February 6th. OP Bancorp’s dividend payout ratio (DPR) is currently 34.53%.

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.