DA Davidson Analysts Lower Earnings Estimates for OP Bancorp

OP Bancorp (NASDAQ:OPBK) – Investment analysts at DA Davidson cut their FY2025 earnings per share estimates for shares of OP Bancorp in a research note issued on Wednesday, April 2nd. DA Davidson analyst G. Tenner now anticipates that the company will post earnings of $1.46 per share for the year, down from their prior estimate of $1.47. The consensus estimate for OP Bancorp’s current full-year earnings is $1.90 per share.

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 the consensus estimate of $0.36 by ($0.03). OP Bancorp had a return on equity of 10.64% and a net margin of 13.68%.

Separately, Keefe, Bruyette & Woods decreased their target price on OP Bancorp from $19.00 to $18.00 and set a “market perform” rating for the company in a research report on Monday, January 27th.

OP Bancorp Stock Down 0.4 %

Shares of OP Bancorp stock opened at $11.05 on Friday. OP Bancorp has a twelve month low of $8.91 and a twelve month high of $18.57. The stock has a market cap of $164.80 million, a price-to-earnings ratio of 7.95 and a beta of 0.54. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.37. The company has a fifty day moving average price of $13.07 and a 200 day moving average price of $14.39.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Bridgeway Capital Management LLC lifted its holdings in OP Bancorp by 0.4% in the 4th quarter. Bridgeway Capital Management LLC now owns 228,379 shares of the company’s stock worth $3,611,000 after buying an additional 915 shares in the last quarter. Empowered Funds LLC raised its stake in OP Bancorp by 5.2% during the fourth quarter. Empowered Funds LLC now owns 52,929 shares of the company’s stock worth $837,000 after acquiring an additional 2,615 shares during the period. Geode Capital Management LLC lifted its holdings in OP Bancorp by 2.6% in the third quarter. Geode Capital Management LLC now owns 118,203 shares of the company’s stock worth $1,476,000 after acquiring an additional 2,948 shares during the last quarter. Ritholtz Wealth Management boosted its stake in OP Bancorp by 10.4% in the fourth quarter. Ritholtz Wealth Management now owns 39,688 shares of the company’s stock valued at $627,000 after acquiring an additional 3,740 shares during the period. Finally, Ancora Advisors LLC grew its holdings in shares of OP Bancorp by 3.8% during the fourth quarter. Ancora Advisors LLC now owns 118,090 shares of the company’s stock valued at $1,867,000 after purchasing an additional 4,280 shares during the last quarter. 53.63% of the stock is currently owned by hedge funds and other institutional investors.

OP Bancorp Announces Dividend

The company also recently announced 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. The ex-dividend date of this dividend was Thursday, February 6th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 4.34%. OP Bancorp’s payout ratio is currently 34.53%.

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.