OP Bancorp (NASDAQ:OPBK) Trading 1.5% Higher – Time to Buy?

OP Bancorp (NASDAQ:OPBK)’s share price traded up 1.5% during mid-day trading on Wednesday . The stock traded as high as $12.71 and last traded at $12.65. 35,875 shares changed hands during trading, an increase of 25% from the average session volume of 28,810 shares. The stock had previously closed at $12.46.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods dropped their price objective on OP Bancorp from $19.00 to $18.00 and set a “market perform” rating on the stock in a research note on Monday, January 27th.

OP Bancorp Stock Performance

The company’s 50 day simple moving average is $13.87 and its 200 day simple moving average is $14.42. 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 market cap of $187.37 million, a PE ratio of 9.10 and a beta of 0.60.

OP Bancorp (NASDAQ:OPBK) last posted its quarterly earnings data on Thursday, January 23rd. The company reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.03). OP Bancorp had a return on equity of 10.64% and a net margin of 13.68%. Analysts expect that OP Bancorp will post 1.9 earnings per share for the current year.

OP Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Thursday, February 6th were paid a $0.12 dividend. The ex-dividend date was Thursday, February 6th. This represents a $0.48 annualized dividend and a yield of 3.79%. OP Bancorp’s payout ratio is 34.53%.

Institutional Trading of OP Bancorp

A number of large investors have recently bought and sold shares of OPBK. Truffle Hound Capital LLC bought a new stake in shares of OP Bancorp in the fourth quarter valued at approximately $9,170,000. Rhino Investment Partners Inc raised its holdings in OP Bancorp by 18.6% during the 4th quarter. Rhino Investment Partners Inc now owns 565,494 shares of the company’s stock valued at $8,940,000 after acquiring an additional 88,869 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of OP Bancorp by 3.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 514,902 shares of the company’s stock worth $8,140,000 after acquiring an additional 18,709 shares in the last quarter. Bridgeway Capital Management LLC lifted its position in shares of OP Bancorp by 0.4% during the fourth quarter. Bridgeway Capital Management LLC now owns 228,379 shares of the company’s stock worth $3,611,000 after acquiring an additional 915 shares in the last quarter. Finally, Susquehanna International Group LLP boosted its holdings in shares of OP Bancorp by 161.3% in the fourth quarter. Susquehanna International Group LLP now owns 156,342 shares of the company’s stock worth $2,472,000 after acquiring an additional 96,519 shares during the period. 53.63% of the stock is owned by hedge funds and other institutional investors.

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.