OP Bancorp (NASDAQ:OPBK) Announces Quarterly Earnings Results

OP Bancorp (NASDAQ:OPBK) announced its quarterly earnings data on Thursday. The company reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.03), Zacks reports. OP Bancorp had a net margin of 14.18% and a return on equity of 10.81%.

OP Bancorp Stock Down 10.0 %

OPBK opened at $14.19 on Friday. OP Bancorp has a twelve month low of $8.91 and a twelve month high of $18.57. The company’s 50-day moving average price is $16.27 and its two-hundred day moving average price is $14.00. The stock has a market cap of $210.15 million, a price-to-earnings ratio of 10.14 and a beta of 0.66. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.37.

OP Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 20th. Investors of record on Thursday, February 6th will be issued a dividend of $0.12 per share. The ex-dividend date is Thursday, February 6th. This represents a $0.48 dividend on an annualized basis and a yield of 3.38%. 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.