OP Bancorp (NASDAQ:OPBK) to Issue Quarterly Dividend of $0.12

OP Bancorp (NASDAQ:OPBK) announced a quarterly dividend on Thursday, January 23rd,RTT News reports. Stockholders of record on Thursday, February 6th will be given a dividend of 0.12 per share on Thursday, February 20th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.04%.

OP Bancorp has increased its dividend payment by an average of 15.7% per year over the last three years. OP Bancorp has a payout ratio of 25.8% indicating that its dividend is sufficiently covered by earnings. Analysts expect OP Bancorp to earn $1.51 per share next year, which means the company should continue to be able to cover its $0.48 annual dividend with an expected future payout ratio of 31.8%.

OP Bancorp Price Performance

OPBK stock opened at $15.77 on Friday. OP Bancorp has a 1 year low of $8.91 and a 1 year high of $18.57. 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 stock has a market cap of $233.55 million, a price-to-earnings ratio of 11.26 and a beta of 0.66. The company has a 50 day simple moving average of $16.33 and a 200 day simple moving average of $13.96.

OP Bancorp (NASDAQ:OPBK) last announced its quarterly earnings results on Thursday, January 23rd. The company reported $0.33 EPS for the quarter, missing analysts’ consensus estimates 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 anticipate that OP Bancorp will post 1.46 EPS for the current fiscal year.

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.