Geode Capital Management LLC Purchases 2,948 Shares of OP Bancorp (NASDAQ:OPBK)

Geode Capital Management LLC grew its position in OP Bancorp (NASDAQ:OPBK) by 2.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 118,203 shares of the company’s stock after purchasing an additional 2,948 shares during the quarter. Geode Capital Management LLC owned about 0.79% of OP Bancorp worth $1,476,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the company. ClariVest Asset Management LLC increased its position in OP Bancorp by 2.9% during the 2nd quarter. ClariVest Asset Management LLC now owns 90,509 shares of the company’s stock worth $868,000 after buying an additional 2,528 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of OP Bancorp by 8.0% in 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. Renaissance Technologies LLC grew its stake in shares of OP Bancorp by 40.1% in the second quarter. Renaissance Technologies LLC now owns 112,060 shares of the company’s stock valued at $1,075,000 after acquiring an additional 32,060 shares in the last quarter. Ritholtz Wealth Management increased its position in OP Bancorp by 49.7% during the third quarter. Ritholtz Wealth Management now owns 35,948 shares of the company’s stock worth $449,000 after acquiring an additional 11,934 shares during the period. Finally, Empowered Funds LLC raised its stake in OP Bancorp by 5.3% in the 3rd quarter. Empowered Funds LLC now owns 50,314 shares of the company’s stock worth $628,000 after purchasing an additional 2,546 shares in the last quarter. Institutional investors own 53.63% of the company’s stock.

OP Bancorp Stock Performance

Shares of NASDAQ:OPBK opened at $15.09 on Thursday. OP Bancorp has a 12-month low of $8.91 and a 12-month high of $18.57. The company’s 50 day moving average price is $16.37 and its two-hundred day moving average price is $13.54. The firm has a market cap of $223.51 million, a PE ratio of 10.78 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 (NASDAQ:OPBK) last issued its quarterly earnings results on Thursday, October 24th. The company reported $0.36 earnings per share (EPS) 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 business had revenue of $39.54 million during the quarter. Equities research analysts predict that OP Bancorp will post 1.46 earnings per share for the current year.

OP Bancorp Dividend Announcement

The business also recently announced 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. This represents a $0.48 annualized dividend and a dividend yield of 3.18%. The ex-dividend date of this dividend was Thursday, November 7th. OP Bancorp’s dividend payout ratio (DPR) is currently 34.29%.

OP Bancorp Profile

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.