OP Bancorp (NASDAQ:OPBK) Plans $0.12 Quarterly Dividend

OP Bancorp (NASDAQ:OPBKGet Free Report) declared a quarterly dividend on Thursday, January 25th, Zacks reports. Shareholders of record on Thursday, February 8th will be given a dividend of 0.12 per share on Thursday, February 22nd. This represents a $0.48 annualized dividend and a yield of 4.71%. The ex-dividend date is Wednesday, February 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 32.7% indicating that its dividend is sufficiently covered by earnings.

OP Bancorp Stock Performance

Shares of OPBK stock opened at $10.19 on Tuesday. The company has a market cap of $152.85 million, a price-to-earnings ratio of 6.62 and a beta of 0.64. OP Bancorp has a 52 week low of $7.50 and a 52 week high of $11.87. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.52. The firm has a 50 day moving average of $10.49 and a 200-day moving average of $9.63.

Institutional Trading of OP Bancorp

Hedge funds have recently bought and sold shares of the business. The Manufacturers Life Insurance Company raised its stake in shares of OP Bancorp by 0.8% during the 1st quarter. The Manufacturers Life Insurance Company now owns 894,574 shares of the company’s stock worth $12,390,000 after purchasing an additional 6,903 shares during the period. Alliancebernstein L.P. boosted its stake in OP Bancorp by 1.1% in the fourth quarter. Alliancebernstein L.P. now owns 846,677 shares of the company’s stock worth $9,449,000 after buying an additional 9,045 shares in the last quarter. Wellington Management Group LLP boosted its stake in OP Bancorp by 24.3% in the first quarter. Wellington Management Group LLP now owns 365,537 shares of the company’s stock worth $5,063,000 after buying an additional 71,449 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in OP Bancorp by 4.5% in the second quarter. Dimensional Fund Advisors LP now owns 324,558 shares of the company’s stock worth $2,736,000 after buying an additional 14,038 shares in the last quarter. Finally, Millennium Management LLC boosted its stake in OP Bancorp by 8.3% in the second quarter. Millennium Management LLC now owns 214,958 shares of the company’s stock worth $2,255,000 after buying an additional 16,544 shares in the last quarter. Institutional investors and hedge funds own 45.17% of the company’s stock.

OP Bancorp Company Profile

(Get Free Report)

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.

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Dividend History for OP Bancorp (NASDAQ:OPBK)

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