OP Bancorp (NASDAQ:OPBK) Shares Bought by Bank of New York Mellon Corp

Bank of New York Mellon Corp grew its holdings in OP Bancorp (NASDAQ:OPBK) by 139.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 33,024 shares of the company’s stock after buying an additional 19,243 shares during the quarter. Bank of New York Mellon Corp’s holdings in OP Bancorp were worth $522,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. Barclays PLC acquired a new stake in shares of OP Bancorp in the third quarter valued at approximately $58,000. Ritholtz Wealth Management boosted its stake in OP Bancorp by 10.4% in the 4th quarter. Ritholtz Wealth Management now owns 39,688 shares of the company’s stock worth $627,000 after buying an additional 3,740 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its holdings in 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 valued at $767,000 after purchasing an additional 9,447 shares during the period. Empowered Funds LLC grew its stake in shares of OP Bancorp by 5.2% during the 4th quarter. Empowered Funds LLC now owns 52,929 shares of the company’s stock valued at $837,000 after buying an additional 2,615 shares during the period. Finally, Fourthstone LLC acquired a new stake in OP Bancorp during the third quarter worth about $1,448,000. Hedge funds and other institutional investors own 53.63% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Keefe, Bruyette & Woods cut their target price on shares of OP Bancorp from $19.00 to $18.00 and set a “market perform” rating on the stock in a research note on Monday, January 27th.

OP Bancorp Price Performance

Shares of OPBK opened at $12.14 on Friday. The firm has a market cap of $179.82 million, a price-to-earnings ratio of 8.73 and a beta of 0.60. The stock has a 50 day moving average of $13.53 and a 200-day moving average of $14.40. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.37. OP Bancorp has a 52 week low of $8.91 and a 52 week high of $18.57.

OP Bancorp (NASDAQ:OPBK) last released 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 net margin of 13.68% and a return on equity of 10.64%. As a group, analysts forecast that OP Bancorp will post 1.9 EPS for the current year.

OP Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Stockholders of record on Thursday, February 6th were given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 3.95%. The ex-dividend date was Thursday, February 6th. OP Bancorp’s dividend payout ratio (DPR) is presently 34.53%.

OP Bancorp 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.