Empowered Funds LLC Buys 2,615 Shares of OP Bancorp (NASDAQ:OPBK)

Empowered Funds LLC lifted its stake in shares of OP Bancorp (NASDAQ:OPBK) by 5.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 52,929 shares of the company’s stock after purchasing an additional 2,615 shares during the quarter. Empowered Funds LLC owned 0.36% of OP Bancorp worth $837,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Barclays PLC purchased a new position in OP Bancorp during the 3rd quarter valued at about $58,000. Ritholtz Wealth Management boosted its position in shares of OP Bancorp by 10.4% in the fourth quarter. Ritholtz Wealth Management now owns 39,688 shares of the company’s stock valued at $627,000 after acquiring an additional 3,740 shares during the period. Connor Clark & Lunn Investment Management Ltd. grew 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 valued at $767,000 after acquiring an additional 9,447 shares in the last quarter. Fourthstone LLC bought a new stake in OP Bancorp during the 3rd quarter worth approximately $1,448,000. Finally, Geode Capital Management LLC lifted its stake in OP Bancorp by 2.6% in the 3rd quarter. Geode Capital Management LLC now owns 118,203 shares of the company’s stock worth $1,476,000 after purchasing an additional 2,948 shares in the last quarter. 53.63% of the stock is currently owned by institutional investors.

OP Bancorp Stock Performance

NASDAQ:OPBK opened at $14.42 on Tuesday. The stock has a market cap of $213.56 million, a P/E ratio of 10.37 and a beta of 0.64. 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 business’s 50-day moving average price is $15.26 and its two-hundred day moving average price is $14.35. OP Bancorp has a twelve month low of $8.91 and a twelve month high of $18.57.

OP Bancorp (NASDAQ:OPBK) last announced its earnings results on Thursday, January 23rd. The company reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.03). OP Bancorp had a net margin of 13.68% and a return on equity of 10.64%. As a group, equities analysts predict that OP Bancorp will post 1.9 EPS for the current fiscal year.

OP Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, February 20th. Investors of record on Thursday, February 6th will be given a $0.12 dividend. The ex-dividend date is Thursday, February 6th. This represents a $0.48 annualized dividend and a yield of 3.33%. OP Bancorp’s dividend payout ratio (DPR) is presently 34.53%.

Analyst Upgrades and Downgrades

Separately, Keefe, Bruyette & Woods reduced their price target 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.