OP Bancorp (NASDAQ:OPBK) Stock Price Up 1.5% - Time to Buy?

OP Bancorp (NASDAQ:OPBK - Get Free Report) experienced a 1.5% increase in its share price during trading on Wednesday. The stock reached a peak price of $12.71 before closing at $12.65. During this trading session, approximately 35,875 shares were exchanged, marking a 25% rise compared to the average volume of 28,810 shares. The previous closing price was $12.46.

Wall Street Analyst Insights

In a recent research note, Keefe, Bruyette & Woods lowered their price target for OP Bancorp from $19.00 to $18.00 and assigned it a "market perform" rating on January 27th.

Performance Overview of OP Bancorp

The company's 50-day simple moving average stands at $13.87, while its 200-day simple moving average is $14.42. OP Bancorp has a debt-to-equity ratio of 0.37, a quick ratio of 1.00, and a current ratio of 1.00. The company's market capitalization is approximately $187.37 million, with a price-to-earnings (PE) ratio of 9.10 and a beta of 0.60.

In its most recent earnings report posted on January 23rd, OP Bancorp announced earnings of $0.33 per share for the quarter, falling short of the analyst consensus estimate of $0.36 by $0.03. The company reported a return on equity of 10.64% and a net margin of 13.68%. Analysts anticipate that OP Bancorp will achieve earnings of 1.9 per share in the current fiscal year.

Dividend Announcement from OP Bancorp

Recently, OP Bancorp disclosed a quarterly dividend, which was disbursed on February 20th. Shareholders on record as of February 6th received a $0.12 dividend payment. The ex-dividend date was also set for February 6th. This equates to an annualized dividend of $0.48, offering a yield of 3.79%. The company's payout ratio is at 34.53%.

Institutional Holdings in OP Bancorp

Several large investors have recently engaged in trading activities related to OPBK. Truffle Hound Capital LLC acquired a new stake in OP Bancorp during the fourth quarter, valued at $9,170,000. Additionally, Rhino Investment Partners Inc increased its stake by 18.6% during the same period, now holding 565,494 shares valued at approximately $8,940,000 after purchasing 88,869 shares. Dimensional Fund Advisors LP also raised its position by 3.8%, owning 514,902 shares worth about $8,140,000 after acquiring 18,709 shares. Bridgeway Capital Management LLC grew its stake by 0.4%, owning 228,379 shares worth around $3,611,000. Lastly, Susquehanna International Group LLP boosted its holdings in OP Bancorp by an impressive 161.3%, now owning 156,342 shares worth $2,472,000. Currently, institutional investors and hedge funds hold 53.63% of the stock.

About OP Bancorp

OP Bancorp operates as a bank holding company for Open Bank, offering a variety of banking products and services in California. These services include providing demand deposits, checking accounts, savings accounts, money market accounts, time deposits, and certificates of deposit. The company also extends various loan options, such as commercial real estate loans, small business administration loans, commercial and industrial business loans, consumer loans, and home mortgage loans. Furthermore, OP Bancorp provides trade financing products, letters of credit, and export advice.

OPBancorp, Stocks, Investing