OP Bancorp (NASDAQ:OPBK) Position Increased by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP lifted its holdings in OP Bancorp (NASDAQ:OPBK) by 3.8% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 514,902 shares of the company’s stock after buying an additional 18,709 shares during the quarter. Dimensional Fund Advisors LP’s holdings in OP Bancorp were worth $8,140,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Empowered Funds LLC increased its holdings in shares of OP Bancorp by 5.2% in the 4th 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. Ritholtz Wealth Management grew its position 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 purchasing an additional 3,740 shares during the last quarter. Barclays PLC acquired a new stake in shares of OP Bancorp in the third quarter valued at approximately $58,000. O Shaughnessy Asset Management LLC raised its holdings in shares of OP Bancorp by 19.4% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 75,739 shares of the company’s stock valued at $1,197,000 after buying an additional 12,286 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in shares of OP Bancorp by 139.6% during the fourth quarter. Bank of New York Mellon Corp now owns 33,024 shares of the company’s stock valued at $522,000 after buying an additional 19,243 shares during the last quarter. Institutional investors own 53.63% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods reduced their price target 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 Price Performance

NASDAQ OPBK opened at $12.88 on Friday. OP Bancorp has a 12 month low of $9.28 and a 12 month high of $18.57. The firm has a market capitalization of $192.09 million, a PE ratio of 9.27 and a beta of 0.65. The company’s 50 day simple moving average is $11.99 and its 200 day simple moving average is $14.22. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.00 and a quick ratio of 1.00.

OP Bancorp (NASDAQ:OPBK) last posted its quarterly earnings data on Thursday, April 24th. The company reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.07. OP Bancorp had a return on equity of 10.64% and a net margin of 13.68%. The company had revenue of $22.23 million for the quarter, compared to the consensus estimate of $21.25 million. As a group, equities research analysts forecast that OP Bancorp will post 1.9 EPS for the current fiscal year.

OP Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 22nd. Shareholders of record on Thursday, May 8th will be issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 3.73%. The ex-dividend date is Thursday, May 8th. OP Bancorp’s payout ratio is 33.80%.

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.