OP Bancorp (NASDAQ:OPBK) Sees Large Decrease in Short Interest

OP Bancorp (NASDAQ:OPBK) saw a significant decrease in short interest in the month of May. As of May 31st, there was short interest totalling 11,800 shares, a decrease of 24.4% from the May 15th total of 15,600 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 28,400 shares, the short-interest ratio is presently 0.4 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of OPBK. Diversify Advisory Services LLC purchased a new position in OP Bancorp in the first quarter valued at about $7,353,000. Dfpg Investments LLC purchased a new position in OP Bancorp in the fourth quarter valued at about $7,648,000. Ancora Advisors LLC boosted its holdings in OP Bancorp by 46.0% in the third quarter. Ancora Advisors LLC now owns 91,790 shares of the company’s stock valued at $840,000 after purchasing an additional 28,940 shares during the last quarter. Hilltop Holdings Inc. purchased a new position in OP Bancorp in the fourth quarter valued at about $274,000. Finally, O Shaughnessy Asset Management LLC boosted its holdings in OP Bancorp by 76.8% in the third quarter. O Shaughnessy Asset Management LLC now owns 34,942 shares of the company’s stock valued at $320,000 after purchasing an additional 15,176 shares during the last quarter. Hedge funds and other institutional investors own 53.63% of the company’s stock.

OP Bancorp Stock Down 1.7 %

Shares of NASDAQ OPBK traded down $0.16 on Friday, hitting $9.41. The company had a trading volume of 22,817 shares, compared to its average volume of 28,086. OP Bancorp has a 12-month low of $8.12 and a 12-month high of $11.49. The business has a 50 day moving average of $9.57 and a two-hundred day moving average of $10.06. The company has a quick ratio of 1.01, a current ratio of 1.02 and a debt-to-equity ratio of 0.54. The firm has a market capitalization of $140.40 million, a P/E ratio of 6.72 and a beta of 0.67.

OP Bancorp (NASDAQ:OPBK) last issued its earnings results on Thursday, April 25th. The company reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.06. OP Bancorp had a return on equity of 11.44% and a net margin of 15.50%. The company had revenue of $19.57 million during the quarter. As a group, equities research analysts forecast that OP Bancorp will post 1.3 earnings per share for the current fiscal year.

OP Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, May 23rd. Stockholders of record on Thursday, May 9th were given a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 5.10%. The ex-dividend date was Wednesday, May 8th. OP Bancorp’s payout ratio is 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.