OP Bancorp (OPBK) to Issue Quarterly Dividend of $0.12 on February 20th

OP Bancorp (NASDAQ:OPBK) declared a quarterly dividend on Thursday, January 23rd,RTT News reports. Stockholders of record on Thursday, February 6th will be given a dividend of 0.12 per share on Thursday, February 20th. This represents a $0.48 annualized dividend and a dividend yield of 3.49%. The ex-dividend date of this dividend is Thursday, February 6th.

OP Bancorp has raised its dividend payment by an average of 15.7% per year over the last three years. OP Bancorp has a payout ratio of 26.5% indicating that its dividend is sufficiently covered by earnings.

OP Bancorp Stock Up 3.7 %

OPBK stock opened at $13.77 on Tuesday. 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 1 year low of $8.91 and a 1 year high of $18.57. The company has a fifty day simple moving average of $15.95 and a 200 day simple moving average of $14.15. The firm has a market cap of $203.93 million, a PE ratio of 9.91 and a beta of 0.64.

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

Analyst Upgrades and Downgrades

Separately, Keefe, Bruyette & Woods cut their target price on shares of OP Bancorp from $19.00 to $18.00 and set a “market perform” rating for the company in a research report on Monday, January 27th.

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.