Barclays PLC Invests $58,000 in OP Bancorp (NASDAQ:OPBK)

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

A number of other large investors have also bought and sold shares of OPBK. Geode Capital Management LLC increased its stake in shares of OP Bancorp by 2.6% in the 3rd quarter. Geode Capital Management LLC now owns 118,203 shares of the company’s stock valued at $1,476,000 after buying an additional 2,948 shares during the period. Fourthstone LLC bought a new stake in shares of OP Bancorp during the third quarter worth approximately $1,448,000. Connor Clark & Lunn Investment Management Ltd. lifted its holdings 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 buying an additional 9,447 shares during the period. Empowered Funds LLC boosted 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 acquiring an additional 2,546 shares during the last quarter. Finally, Ritholtz Wealth Management grew its holdings in OP Bancorp by 49.7% during the 3rd quarter. Ritholtz Wealth Management now owns 35,948 shares of the company’s stock worth $449,000 after acquiring an additional 11,934 shares during the period. 53.63% of the stock is currently owned by institutional investors.

OP Bancorp Stock Down 10.0 %

Shares of OP Bancorp stock opened at $14.19 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. OP Bancorp has a 12 month low of $8.91 and a 12 month high of $18.57. The stock has a market cap of $210.15 million, a PE ratio of 10.14 and a beta of 0.66. The business has a fifty day simple moving average of $16.27 and a 200 day simple moving average of $14.00.

OP Bancorp (NASDAQ:OPBK) last announced its quarterly earnings results on Thursday, January 23rd. The company reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.03). OP Bancorp had a net margin of 14.18% and a return on equity of 10.81%. Research analysts predict that OP Bancorp will post 1.46 EPS for the current year.

OP Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, February 20th. Shareholders of record on Thursday, February 6th will be issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 3.38%. The ex-dividend date is Thursday, February 6th. OP Bancorp’s dividend payout ratio (DPR) is presently 34.29%.

OP Bancorp 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.