DA Davidson Has Positive View of OP Bancorp FY2025 Earnings

OP Bancorp (NASDAQ:OPBK) – Stock analysts at DA Davidson raised their FY2025 EPS estimates for OP Bancorp in a research note issued on Thursday, December 19th. DA Davidson analyst G. Tenner now forecasts 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 announced its quarterly earnings data on Thursday, October 24th. The company reported $0.36 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $0.03. The firm had revenue of $39.54 million during the quarter. OP Bancorp had a net margin of 14.18% and a return on equity of 10.81%.

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

OP Bancorp Stock Performance

NASDAQ:OPBK opened at $15.98 on Friday. OP Bancorp has a 52 week low of $8.91 and a 52 week high of $18.57. The company has a fifty day simple moving average of $15.88 and a two-hundred day simple moving average of $12.97. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.37. The company has a market cap of $236.70 million, a price-to-earnings ratio of 11.41 and a beta of 0.64.

Institutional Investors Weigh In On OP Bancorp

A number of large investors have recently modified their holdings of the company. Fourthstone LLC acquired a new position in shares of OP Bancorp during the third quarter worth $1,448,000. Dimensional Fund Advisors LP lifted its holdings in OP Bancorp by 8.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 476,934 shares of the company’s stock worth $4,573,000 after buying an additional 35,288 shares during the last quarter. Renaissance Technologies LLC boosted its position in shares of OP Bancorp by 40.1% during the 2nd quarter. Renaissance Technologies LLC now owns 112,060 shares of the company’s stock worth $1,075,000 after acquiring an additional 32,060 shares in the last quarter. Ritholtz Wealth Management increased its holdings in shares of OP Bancorp by 49.7% in the 3rd quarter. Ritholtz Wealth Management now owns 35,948 shares of the company’s stock valued at $449,000 after acquiring an additional 11,934 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its stake in OP Bancorp by 18.2% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 61,467 shares of the company’s stock worth $767,000 after purchasing an additional 9,447 shares during the last quarter. 53.63% of the stock is owned by hedge funds and other institutional investors.

OP Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, November 21st. Investors of record on Thursday, November 7th were paid a $0.12 dividend. The ex-dividend date of this dividend was Thursday, November 7th. This represents a $0.48 dividend on an annualized basis and a yield of 3.00%. OP Bancorp’s dividend payout ratio is currently 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.