OP Bancorp (NASDAQ:OPBK) Short Interest Update

OP Bancorp (NASDAQ:OPBK) saw a large drop in short interest in December. As of December 31st, there was short interest totalling 35,800 shares, a drop of 23.5% from the December 15th total of 46,800 shares. Approximately 0.3% of the shares of the company are short sold. Based on an average daily trading volume, of 28,800 shares, the days-to-cover ratio is currently 1.2 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of OPBK. Fourthstone LLC purchased a new position in OP Bancorp in the third quarter worth about $1,448,000. Dimensional Fund Advisors LP boosted its position in OP Bancorp by 8.0% in the second quarter. Dimensional Fund Advisors LP now owns 476,934 shares of the company’s stock worth $4,573,000 after purchasing an additional 35,288 shares during the last quarter. Renaissance Technologies LLC boosted its position in OP Bancorp by 40.1% in the second quarter. Renaissance Technologies LLC now owns 112,060 shares of the company’s stock worth $1,075,000 after purchasing an additional 32,060 shares during the last quarter. Ritholtz Wealth Management boosted its position in OP Bancorp by 49.7% in the third quarter. Ritholtz Wealth Management now owns 35,948 shares of the company’s stock worth $449,000 after purchasing an additional 11,934 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its position in OP Bancorp by 18.2% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 61,467 shares of the company’s stock worth $767,000 after purchasing an additional 9,447 shares during the last quarter. 53.63% of the stock is owned by hedge funds and other institutional investors.

OP Bancorp Stock Performance

NASDAQ OPBK traded up $0.04 during trading hours on Friday, hitting $15.69. The company’s stock had a trading volume of 24,502 shares, compared to its average volume of 22,737. OP Bancorp has a 12 month low of $8.91 and a 12 month high of $18.57. The company’s 50 day simple moving average is $16.37 and its two-hundred day simple moving average is $13.79. The company has a market cap of $232.37 million, a P/E ratio of 11.21 and a beta of 0.66. 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 released its quarterly earnings data on Thursday, October 24th. The company reported $0.36 EPS for the quarter, topping the consensus estimate of $0.33 by $0.03. OP Bancorp had a return on equity of 10.81% and a net margin of 14.18%. The company had revenue of $39.54 million during the quarter. As a group, sell-side analysts expect that OP Bancorp will post 1.46 EPS for the current fiscal year.

OP Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, November 21st. Shareholders of record on Thursday, November 7th were given a $0.12 dividend. The ex-dividend date was Thursday, November 7th. This represents a $0.48 annualized dividend and a yield of 3.06%. OP Bancorp’s payout ratio is 34.29%.

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.