DA Davidson Issues Negative Forecast for OP Bancorp Earnings

OP Bancorp (NASDAQ:OPBK) – DA Davidson dropped their FY2025 earnings estimates for shares of OP Bancorp in a report released on Wednesday, April 2nd. DA Davidson analyst G. Tenner now expects that the company will post earnings of $1.46 per share for the year, down from their previous estimate of $1.47. The consensus estimate for OP Bancorp’s current full-year earnings is $1.90 per share.

OP Bancorp (NASDAQ:OPBK) last issued its quarterly earnings data on Thursday, January 23rd. The company reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.03). OP Bancorp had a return on equity of 10.64% and a net margin of 13.68%.

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

OP Bancorp Stock Down 0.4 %

OPBK stock opened at $11.05 on Friday. OP Bancorp has a fifty-two week low of $8.91 and a fifty-two week high of $18.57. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.00 and a quick ratio of 1.00. The stock has a market capitalization of $164.80 million, a price-to-earnings ratio of 7.95 and a beta of 0.54. The business’s fifty day moving average price is $13.07 and its two-hundred day moving average price is $14.37.

OP Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 20th. Shareholders of record on Thursday, February 6th were paid a dividend of $0.12 per share. The ex-dividend date was Thursday, February 6th. This represents a $0.48 dividend on an annualized basis and a yield of 4.34%. OP Bancorp’s dividend payout ratio (DPR) is presently 34.53%.

Institutional Trading of OP Bancorp

A number of institutional investors have recently modified their holdings of OPBK. Cubist Systematic Strategies LLC bought a new stake in OP Bancorp during the fourth quarter worth about $68,000. Barclays PLC bought a new position in OP Bancorp in the third quarter valued at approximately $58,000. Bank of America Corp DE lifted its stake in OP Bancorp by 880.9% during the fourth quarter. Bank of America Corp DE now owns 5,758 shares of the company’s stock worth $91,000 after purchasing an additional 5,171 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of OP Bancorp in the 4th quarter valued at $95,000. Finally, Schonfeld Strategic Advisors LLC bought a new position in shares of OP Bancorp in the 4th quarter valued at $274,000. 53.63% of the stock is currently owned by institutional investors.

OP Bancorp Company 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.