FY2025 EPS Estimates for OP Bancorp Increased by DA Davidson

OP Bancorp (NASDAQ:OPBK) – Equities research analysts at DA Davidson boosted their FY2025 EPS estimates for shares of OP Bancorp in a research note issued to investors on Tuesday, January 28th. DA Davidson analyst G. Tenner now forecasts that the company will earn $1.90 per share for the year, up from their prior estimate of $1.51. The consensus estimate for OP Bancorp’s current full-year earnings is $1.46 per share.

OP Bancorp (NASDAQ:OPBK) last announced its quarterly earnings data 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%.

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

OP Bancorp Stock Performance

OPBK stock opened at $13.89 on Thursday. The stock’s 50 day simple moving average is $16.09 and its 200 day simple moving average is $14.09. OP Bancorp has a 12-month low of $8.91 and a 12-month high of $18.57. The firm has a market cap of $205.71 million, a P/E ratio of 9.92 and a beta of 0.66. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.37.

OP Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, February 20th. Stockholders of record on Thursday, February 6th will be issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 3.46%. The ex-dividend date is Thursday, February 6th. OP Bancorp’s dividend payout ratio (DPR) is presently 34.29%.

Institutional Trading of OP Bancorp

Hedge funds have recently made changes to their positions in the stock. Barclays PLC acquired a new stake in OP Bancorp in the third quarter worth $58,000. Ritholtz Wealth Management increased its holdings in shares of OP Bancorp by 49.7% in 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. Empowered Funds LLC lifted its position in OP Bancorp by 5.3% in the 3rd quarter. Empowered Funds LLC now owns 50,314 shares of the company’s stock valued at $628,000 after purchasing an additional 2,546 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its position in OP Bancorp by 18.2% in the 3rd 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 during the last quarter. Finally, Renaissance Technologies LLC boosted its stake in OP Bancorp by 40.1% during the 2nd quarter. Renaissance Technologies LLC now owns 112,060 shares of the company’s stock valued at $1,075,000 after purchasing an additional 32,060 shares during the period. Institutional investors own 53.63% of the company’s stock.

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.