OP Bancorp (NASDAQ:OPBK) Shares Purchased by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. boosted its holdings in OP Bancorp (NASDAQ:OPBK) by 41.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 87,165 shares of the company’s stock after acquiring an additional 25,698 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in OP Bancorp were worth $1,378,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of OPBK. Geode Capital Management LLC lifted its position 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 acquiring an additional 2,948 shares during the period. Fourthstone LLC acquired a new position in OP Bancorp during the third quarter worth $1,448,000. Raymond James Financial Inc. purchased a new stake in OP Bancorp during the fourth quarter worth $1,568,000. Empowered Funds LLC grew its holdings in OP Bancorp by 5.2% in the fourth quarter. Empowered Funds LLC now owns 52,929 shares of the company’s stock valued at $837,000 after purchasing an additional 2,615 shares during the last quarter. Finally, Ritholtz Wealth Management increased its position in shares of 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 buying an additional 3,740 shares in the last quarter. Institutional investors and hedge funds own 53.63% of the company’s stock.

OP Bancorp Trading Up 1.5 %

Shares of OPBK opened at $12.65 on Thursday. OP Bancorp has a 1-year low of $8.91 and a 1-year high of $18.57. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.00 and a quick ratio of 1.00. The firm has a 50 day simple moving average of $13.87 and a 200-day simple moving average of $14.42. The stock has a market cap of $187.37 million, a price-to-earnings ratio of 9.10 and a beta of 0.60.

OP Bancorp (NASDAQ:OPBK) last released its quarterly earnings results on Thursday, January 23rd. The company reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.03). OP Bancorp had a return on equity of 10.64% and a net margin of 13.68%. Equities analysts forecast that OP Bancorp will post 1.9 EPS for the current fiscal year.

OP Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Shareholders of record on Thursday, February 6th were paid a dividend of $0.12 per share. The ex-dividend date of this dividend was Thursday, February 6th. This represents a $0.48 annualized dividend and a dividend yield of 3.79%. OP Bancorp’s dividend payout ratio is currently 34.53%.

Wall Street Analyst Weigh In

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

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.