OP Bancorp (NASDAQ:OPBK) Shares Purchased by O Shaughnessy Asset Management LLC

O Shaughnessy Asset Management LLC grew its stake in shares of OP Bancorp (NASDAQ:OPBK) by 19.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 75,739 shares of the company’s stock after acquiring an additional 12,286 shares during the quarter. O Shaughnessy Asset Management LLC owned about 0.51% of OP Bancorp worth $1,197,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Barclays PLC purchased a new stake in OP Bancorp in the third quarter valued at approximately $58,000. Geode Capital Management LLC grew its stake in shares of OP Bancorp by 2.6% during the 3rd quarter. Geode Capital Management LLC now owns 118,203 shares of the company’s stock valued at $1,476,000 after buying an additional 2,948 shares during the period. Ritholtz Wealth Management grew its stake in shares of OP Bancorp by 10.4% during the 4th quarter. Ritholtz Wealth Management now owns 39,688 shares of the company’s stock valued at $627,000 after buying an additional 3,740 shares during the period. Empowered Funds LLC increased its holdings 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 worth $837,000 after buying an additional 2,615 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of OP Bancorp by 139.6% in the 4th quarter. Bank of New York Mellon Corp now owns 33,024 shares of the company’s stock worth $522,000 after buying an additional 19,243 shares during the period. 53.63% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Keefe, Bruyette & Woods lowered 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 Stock Down 0.4 %

OPBK opened at $11.05 on Monday. OP Bancorp has a 1 year low of $8.91 and a 1 year high of $18.57. The firm has a 50 day moving average price of $13.07 and a 200 day moving average price of $14.40. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.00 and a current ratio of 1.00. The company has a market cap of $164.80 million, a PE ratio of 7.95 and a beta of 0.54.

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%. Sell-side analysts expect that OP Bancorp will post 1.9 earnings per share for the current year.

OP Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Thursday, February 6th were issued a $0.12 dividend. The ex-dividend date of this dividend was Thursday, February 6th. This represents a $0.48 annualized dividend and a yield of 4.34%. OP Bancorp’s dividend payout ratio is currently 34.53%.

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.