Janney Montgomery Scott LLC Sells 802 Shares of OP Bancorp (NASDAQ:OPBK)

Janney Montgomery Scott LLC decreased its stake in shares of OP Bancorp (NASDAQ:OPBK) by 1.7% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 46,735 shares of the company’s stock after selling 802 shares during the period. Janney Montgomery Scott LLC owned 0.32% of OP Bancorp worth $739,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Barclays PLC bought a new position in shares of OP Bancorp in the third quarter valued at approximately $58,000. Ritholtz Wealth Management boosted its holdings in OP Bancorp by 49.7% in the 3rd quarter. Ritholtz Wealth Management now owns 35,948 shares of the company’s stock valued at $449,000 after purchasing an additional 11,934 shares during the period. Empowered Funds LLC grew its position in shares of OP Bancorp by 5.3% during 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 in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of 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 worth $767,000 after purchasing an additional 9,447 shares during the period. Finally, Fourthstone LLC purchased a new stake in shares of OP Bancorp in the third quarter worth $1,448,000. Institutional investors own 53.63% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods reduced their target price on OP Bancorp from $19.00 to $18.00 and set a “market perform” rating for the company in a research report on Monday, January 27th.

OP Bancorp Trading Down 1.3 %

Shares of OPBK opened at $14.70 on Friday. OP Bancorp has a 1-year low of $8.91 and a 1-year high of $18.57. The company has a market capitalization of $217.74 million, a P/E ratio of 10.58 and a beta of 0.64. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.00 and a quick ratio of 1.00. The firm’s 50 day simple moving average is $15.72 and its 200 day simple moving average is $14.20.

OP Bancorp (NASDAQ:OPBK) last posted its quarterly earnings data on Thursday, January 23rd. The company reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.03). OP Bancorp had a return on equity of 10.64% and a net margin of 13.68%. Sell-side analysts forecast that OP Bancorp will post 1.9 earnings per share for the current fiscal year.

OP Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, February 20th. Investors of record on Thursday, February 6th will be given a $0.12 dividend. The ex-dividend date of this dividend is Thursday, February 6th. This represents a $0.48 dividend on an annualized basis and a yield of 3.27%. OP Bancorp’s payout ratio is 34.53%.

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.