Q4 Earnings Forecast for OP Bancorp Issued By DA Davidson

OP Bancorp (NASDAQ:OPBK) – Equities research analysts at DA Davidson issued their Q4 2024 earnings per share (EPS) estimates for OP Bancorp in a report released on Monday, October 28th. DA Davidson analyst G. Tenner forecasts that the company will post earnings of $0.38 per share for the quarter. The consensus estimate for OP Bancorp’s current full-year earnings is $1.38 per share.

Separately, Keefe, Bruyette & Woods restated 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 Trading Up 4.6 %

OPBK stock opened at $15.08 on Tuesday. OP Bancorp has a one year low of $8.36 and a one year high of $15.21. The stock has a market cap of $224.99 million, a price-to-earnings ratio of 10.81 and a beta of 0.63. The company has a fifty day moving average price of $12.68 and a two-hundred day moving average price of $11.10. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.02 and a quick ratio of 1.01.

OP Bancorp (NASDAQ:OPBK) last issued its earnings results on Thursday, October 24th. The company reported $0.36 EPS for the quarter, topping the consensus estimate of $0.33 by $0.03. OP Bancorp had a return on equity of 10.94% and a net margin of 14.18%. The company had revenue of $39.54 million during the quarter.

OP Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 21st. Investors of record on Thursday, November 7th will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Thursday, November 7th. This represents a $0.48 annualized dividend and a yield of 3.18%. OP Bancorp’s payout ratio is currently 34.29%.

Insider Buying and Selling

In other OP Bancorp news, insider Ki Won Yoon sold 5,000 shares of the stock in a transaction on Wednesday, August 14th. The stock was sold at an average price of $12.18, for a total transaction of $60,900.00. Following the transaction, the insider now owns 47,137 shares in the company, valued at $574,128.66. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 21.34% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in OPBK. Ritholtz Wealth Management grew its position in OP Bancorp by 44.9% during the second quarter. Ritholtz Wealth Management now owns 24,014 shares of the company’s stock worth $230,000 after buying an additional 7,440 shares in the last quarter. O Shaughnessy Asset Management LLC increased its position in shares of OP Bancorp by 36.6% in the first quarter. O Shaughnessy Asset Management LLC now owns 40,486 shares of the company’s stock worth $404,000 after purchasing an additional 10,854 shares during the period. Empowered Funds LLC raised its stake in OP Bancorp by 8.1% in the first quarter. Empowered Funds LLC now owns 44,348 shares of the company’s stock valued at $443,000 after purchasing an additional 3,325 shares in the last quarter. Russell Investments Group Ltd. lifted its position in OP Bancorp by 13.7% during the first quarter. Russell Investments Group Ltd. now owns 48,924 shares of the company’s stock worth $488,000 after purchasing an additional 5,896 shares during the period. Finally, ClariVest Asset Management LLC grew its stake in OP Bancorp by 2.9% during the second 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 in the last quarter. 53.63% of the stock is 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.