OP Bancorp (NASDAQ:OPBK) Shares Sold by Stieven Capital Advisors L.P.

Stieven Capital Advisors L.P. lowered its position in shares of OP Bancorp (NASDAQ:OPBK) by 1.0% in the third quarter, Holdings Channel reports. The institutional investor owned 280,868 shares of the company’s stock after selling 2,700 shares during the period. Stieven Capital Advisors L.P.’s holdings in OP Bancorp were worth $3,505,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Ritholtz Wealth Management raised its position in OP Bancorp by 44.9% during the 2nd quarter. Ritholtz Wealth Management now owns 24,014 shares of the company’s stock worth $230,000 after buying an additional 7,440 shares during the last quarter. O Shaughnessy Asset Management LLC lifted its stake in shares of OP Bancorp by 36.6% in the first quarter. O Shaughnessy Asset Management LLC now owns 40,486 shares of the company’s stock valued at $404,000 after purchasing an additional 10,854 shares during the period. Empowered Funds LLC boosted its holdings in OP Bancorp by 8.1% during the first quarter. Empowered Funds LLC now owns 44,348 shares of the company’s stock worth $443,000 after buying an additional 3,325 shares in the last quarter. Russell Investments Group Ltd. grew its position in OP Bancorp by 13.7% during the first quarter. Russell Investments Group Ltd. now owns 48,924 shares of the company’s stock worth $488,000 after buying an additional 5,896 shares during the period. Finally, ClariVest Asset Management LLC increased its holdings in OP Bancorp by 2.9% in the second quarter. ClariVest Asset Management LLC now owns 90,509 shares of the company’s stock valued at $868,000 after buying an additional 2,528 shares in the last quarter. Hedge funds and other institutional investors own 53.63% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $13.00 price objective on shares of OP Bancorp in a research note on Monday, August 26th.

OP Bancorp Price Performance

Shares of NASDAQ OPBK opened at $16.51 on Friday. The company has a current ratio of 1.02, a quick ratio of 1.01 and a debt-to-equity ratio of 0.59. The company’s 50-day moving average price is $13.52 and its 200 day moving average price is $11.72. OP Bancorp has a 52 week low of $8.41 and a 52 week high of $18.29. The stock has a market cap of $246.33 million, a price-to-earnings ratio of 11.79 and a beta of 0.60.

OP Bancorp (NASDAQ:OPBK) last issued its quarterly earnings data on Thursday, October 24th. The company reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.03. The firm had revenue of $39.54 million during the quarter. OP Bancorp had a return on equity of 10.94% and a net margin of 14.18%. As a group, research analysts forecast that OP Bancorp will post 1.46 earnings per share for the current fiscal year.

OP Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 21st. Investors of record on Thursday, November 7th will be paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.91%. The ex-dividend date of this dividend is Thursday, November 7th. OP Bancorp’s payout ratio is currently 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.