DA Davidson Has Positive View of OP Bancorp FY2025 Earnings

OP Bancorp (NASDAQ:OPBK) – Research analysts at DA Davidson lifted their FY2025 earnings per share estimates for OP Bancorp in a report issued on Thursday, December 19th. DA Davidson analyst G. Tenner now expects that the company will earn $1.51 per share for the year, up from their prior forecast of $1.48. The consensus estimate for OP Bancorp’s current full-year earnings is $1.46 per share.

OP Bancorp (NASDAQ:OPBK) last released its quarterly earnings results on Thursday, October 24th. The company reported $0.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.03. OP Bancorp had a return on equity of 10.81% and a net margin of 14.18%. The company had revenue of $39.54 million during the quarter.

Separately, Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $13.00 target price on shares of OP Bancorp in a research report on Monday, August 26th.

OP Bancorp Stock Performance

Shares of OPBK stock opened at $15.86 on Friday. The company has a market cap of $234.92 million, a PE ratio of 11.33 and a beta of 0.64. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.37. OP Bancorp has a 52 week low of $8.91 and a 52 week high of $18.57. The company’s fifty day simple moving average is $15.82 and its 200-day simple moving average is $12.93.

Institutional Trading of OP Bancorp

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Barclays PLC acquired a new stake in shares of OP Bancorp during the third quarter worth $58,000. Geode Capital Management LLC boosted its holdings in shares of OP Bancorp by 2.6% in the third quarter. Geode Capital Management LLC now owns 118,203 shares of the company’s stock worth $1,476,000 after buying an additional 2,948 shares during the period. Fourthstone LLC purchased a new position in shares of OP Bancorp in the third quarter worth approximately $1,448,000. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of OP Bancorp by 18.2% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 61,467 shares of the company’s stock valued at $767,000 after purchasing an additional 9,447 shares in the last quarter. Finally, Empowered Funds LLC grew its position in OP Bancorp by 5.3% during the third quarter. Empowered Funds LLC now owns 50,314 shares of the company’s stock valued at $628,000 after purchasing an additional 2,546 shares in the last quarter. 53.63% of the stock is owned by institutional investors and hedge funds.

OP Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 21st. Stockholders of record on Thursday, November 7th were issued a dividend of $0.12 per share. The ex-dividend date of this dividend was Thursday, November 7th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.03%. OP Bancorp’s dividend payout ratio (DPR) is presently 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.