94,500 Shares in OP Bancorp (NASDAQ:OPBK) Bought by Royce & Associates LP

Royce & Associates LP bought a new position in shares of OP Bancorp (NASDAQ:OPBK) in the 4th quarter, HoldingsChannel.com reports. The firm bought 94,500 shares of the company’s stock, valued at approximately $1,494,000.

A number of other institutional investors have also added to or reduced their stakes in OPBK. Barclays PLC bought a new stake in shares of OP Bancorp during the 3rd quarter valued at about $58,000. Bank of New York Mellon Corp raised its stake in OP Bancorp by 139.6% in the fourth quarter. Bank of New York Mellon Corp now owns 33,024 shares of the company’s stock valued at $522,000 after purchasing an additional 19,243 shares in the last quarter. Ritholtz Wealth Management lifted its position in OP Bancorp by 10.4% during the fourth quarter. Ritholtz Wealth Management now owns 39,688 shares of the company’s stock valued at $627,000 after purchasing an additional 3,740 shares during the last quarter. Empowered Funds LLC grew its stake in OP Bancorp by 5.3% in the 3rd quarter. Empowered Funds LLC now owns 50,314 shares of the company’s stock worth $628,000 after buying an additional 2,546 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of OP Bancorp by 18.2% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 61,467 shares of the company’s stock worth $767,000 after buying an additional 9,447 shares during the last quarter. 53.63% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods cut their target price on shares of 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

Shares of OP Bancorp stock opened at $12.47 on Friday. The firm has a market capitalization of $184.71 million, a PE ratio of 8.97 and a beta of 0.60. 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 12 month low of $8.91 and a 12 month high of $18.57. The business’s 50-day moving average price is $13.82 and its 200-day moving average price is $14.41.

OP Bancorp (NASDAQ:OPBK) last posted its quarterly earnings results on Thursday, January 23rd. The company reported $0.33 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 forecast that OP Bancorp will post 1.9 EPS for the current fiscal year.

OP Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Shareholders of record on Thursday, February 6th were paid a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 3.85%. The ex-dividend date of this dividend was Thursday, February 6th. OP Bancorp’s dividend payout ratio is presently 34.53%.

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.