Barclays PLC Purchases Shares of 4,647 OP Bancorp (NASDAQ:OPBK)

Barclays PLC purchased a new stake in OP Bancorp (NASDAQ:OPBK) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 4,647 shares of the company’s stock, valued at approximately $58,000.

Several other hedge funds and other institutional investors have also bought and sold shares of OPBK. Ritholtz Wealth Management lifted 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 purchasing an additional 11,934 shares during the period. Empowered Funds LLC lifted its stake in OP Bancorp by 5.3% in the third quarter. Empowered Funds LLC now owns 50,314 shares of the company’s stock valued at $628,000 after buying an additional 2,546 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its stake in OP Bancorp by 18.2% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 61,467 shares of the company’s stock valued at $767,000 after purchasing an additional 9,447 shares in the last quarter. ClariVest Asset Management LLC boosted its holdings in OP Bancorp by 2.9% in the second quarter. ClariVest Asset Management LLC now owns 90,509 shares of the company’s stock worth $868,000 after acquiring an additional 2,528 shares in the last quarter. Finally, Renaissance Technologies LLC raised its holdings in OP Bancorp by 40.1% during the second quarter. Renaissance Technologies LLC now owns 112,060 shares of the company’s stock worth $1,075,000 after buying an additional 32,060 shares during the last quarter. Institutional investors and hedge funds own 53.63% of the company’s stock.

OP Bancorp Stock Performance

Shares of OP Bancorp stock opened at $15.09 on Friday. 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 $223.51 million, a PE ratio of 10.78 and a beta of 0.66. The business has a 50 day moving average price of $16.38 and a 200-day moving average price of $13.56. OP Bancorp has a 52 week low of $8.91 and a 52 week high of $18.57.

OP Bancorp (NASDAQ:OPBK) last issued its quarterly earnings results on Thursday, October 24th. The company reported $0.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.03. OP Bancorp had a net margin of 14.18% and a return on equity of 10.81%. The company had revenue of $39.54 million for the quarter. Equities analysts anticipate that OP Bancorp will post 1.46 earnings per share for the current fiscal year.

OP Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 21st. Stockholders of record on Thursday, November 7th were given a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 3.18%. The ex-dividend date was Thursday, November 7th. OP Bancorp’s dividend payout ratio (DPR) is currently 34.29%.

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.