Ritholtz Wealth Management Acquires 3,740 Shares of OP Bancorp (NASDAQ:OPBK)

Ritholtz Wealth Management boosted its holdings in shares of OP Bancorp (NASDAQ:OPBK) by 10.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 39,688 shares of the company’s stock after buying an additional 3,740 shares during the quarter. Ritholtz Wealth Management owned approximately 0.27% of OP Bancorp worth $627,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Barclays PLC purchased a new position in shares of OP Bancorp in the 3rd quarter valued at $58,000. Empowered Funds LLC raised its holdings in OP Bancorp by 5.3% in the third 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. Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of 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 buying an additional 9,447 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in shares of OP Bancorp by 40.1% in the 2nd quarter. Renaissance Technologies LLC now owns 112,060 shares of the company’s stock valued at $1,075,000 after buying an additional 32,060 shares in the last quarter. Finally, Fourthstone LLC purchased a new position in shares of OP Bancorp in the 3rd quarter worth approximately $1,448,000. Institutional investors own 53.63% of the company’s stock.

OP Bancorp Trading Up 0.3 %

NASDAQ OPBK opened at $15.69 on Tuesday. OP Bancorp has a 52 week low of $8.91 and a 52 week high of $18.57. The company has a 50 day moving average price of $16.36 and a 200 day moving average price of $13.90. 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 firm has a market cap of $232.37 million, a PE ratio of 11.21 and a beta of 0.66.

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, topping analysts’ consensus estimates of $0.33 by $0.03. The business had revenue of $39.54 million for the quarter. OP Bancorp had a return on equity of 10.81% and a net margin of 14.18%. As a group, sell-side analysts forecast that OP Bancorp will post 1.46 EPS for the current fiscal year.

OP Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 21st. Shareholders of record on Thursday, November 7th were issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 3.06%. The ex-dividend date of this dividend was Thursday, November 7th. OP Bancorp’s dividend payout ratio is presently 34.29%.

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.