OP Bancorp (OPBK) to Issue Quarterly Dividend of $0.07 on May 20th

OP Bancorp (OTCMKTS:OPBK) declared a quarterly dividend on Monday, April 26th, Wall Street Journal reports. Stockholders of record on Thursday, May 6th will be paid a dividend of 0.07 per share on Thursday, May 20th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 2.57%. The ex-dividend date is Wednesday, May 5th.

Shares of OPBK stock opened at $10.88 on Monday. The stock’s 50-day moving average is $10.62 and its 200 day moving average is $8.47. OP Bancorp has a 1-year low of $5.54 and a 1-year high of $12.39.

OP Bancorp (OTCMKTS:OPBK) last released its quarterly earnings results on Wednesday, April 21st. The company reported $0.33 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.26 by $0.07. The firm had revenue of $15.72 million for the quarter.

OPBK has been the topic of several recent analyst reports. TheStreet upgraded shares of OP Bancorp from a “c+” rating to a “b” rating in a report on Thursday, February 4th. Zacks Investment Research upgraded shares of OP Bancorp from a “hold” rating to a “buy” rating and set a $12.00 target price for the company in a research report on Thursday. Finally, Keefe, Bruyette & Woods raised shares of OP Bancorp from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $9.50 to $11.00 in a report on Monday, February 8th.

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 certificate of deposits. The company also provides commercial real estate, small business administration, commercial and industrial business, single-family residential, term, and consumer loans; trade financing products; letters of credit, and SWIFT and export advice; and home mortgage loans.

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Dividend History for OP Bancorp (OTCMKTS:OPBK)

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