OP Bancorp (NASDAQ:OPBK) Posts Quarterly Earnings Results, Misses Estimates By $0.03 EPS

OP Bancorp (NASDAQ:OPBK) issued its quarterly earnings results on Thursday. The company reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.03), Zacks reports. OP Bancorp had a net margin of 14.18% and a return on equity of 10.81%.

OP Bancorp Stock Down 0.1 %

Shares of NASDAQ:OPBK traded down $0.02 during trading on Thursday, hitting $15.77. 36,076 shares of the company were exchanged, compared to its average volume of 23,797. The stock has a market cap of $233.55 million, a price-to-earnings ratio of 11.26 and a beta of 0.66. 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 fifty-two week low of $8.91 and a fifty-two week high of $18.57. The firm has a fifty day moving average price of $16.33 and a two-hundred day moving average price of $13.96.

OP Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 20th. Investors of record on Thursday, February 6th will be given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 3.04%. OP Bancorp’s dividend payout ratio (DPR) is presently 34.29%.

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.