OP Bancorp (NASDAQ:OPBK) Short Interest Update

OP Bancorp (NASDAQ:OPBK) was the target of a significant decrease in short interest in December. As of December 31st, there was short interest totalling 35,800 shares, a decrease of 23.5% from the December 15th total of 46,800 shares. Currently, 0.3% of the company’s stock are short sold. Based on an average daily volume of 28,800 shares, the days-to-cover ratio is presently 1.2 days.

Hedge Funds Weigh In On OP Bancorp

Several institutional investors and hedge funds have recently modified their holdings of the stock. Dimensional Fund Advisors LP increased its holdings in shares of OP Bancorp by 8.0% during the second quarter. Dimensional Fund Advisors LP now owns 476,934 shares of the company’s stock valued at $4,573,000 after acquiring an additional 35,288 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of OP Bancorp by 2.6% during the third quarter. Geode Capital Management LLC now owns 118,203 shares of the company’s stock valued at $1,476,000 after acquiring an additional 2,948 shares in the last quarter. Fourthstone LLC bought a new position in shares of OP Bancorp during the third quarter valued at $1,448,000. Renaissance Technologies LLC increased its holdings in OP Bancorp by 40.1% in the 2nd quarter. Renaissance Technologies LLC now owns 112,060 shares of the company’s stock worth $1,075,000 after buying an additional 32,060 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. increased its holdings in OP Bancorp by 18.2% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 61,467 shares of the company’s stock worth $767,000 after buying an additional 9,447 shares in the last quarter. 53.63% of the stock is currently owned by institutional investors.

OP Bancorp Stock Up 0.3 %

OPBK traded up $0.04 during trading on Friday, reaching $15.69. The stock had a trading volume of 24,502 shares, compared to its average volume of 22,737. The stock’s 50 day moving average is $16.37 and its two-hundred day moving average is $13.79. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $232.37 million, a price-to-earnings ratio of 11.21 and a beta of 0.66. OP Bancorp has a one year low of $8.91 and a one year high of $18.57.

OP Bancorp (NASDAQ:OPBK) last issued its quarterly earnings results on Thursday, October 24th. The company reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.03. OP Bancorp had a return on equity of 10.81% and a net margin of 14.18%. The firm had revenue of $39.54 million during the quarter. As a group, analysts expect that OP Bancorp will post 1.46 earnings per share for the current year.

OP Bancorp Dividend Announcement

The business 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 was Thursday, November 7th. This represents a $0.48 annualized dividend and a dividend yield of 3.06%. OP Bancorp’s payout ratio 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.