DA Davidson Brokers Lift Earnings Estimates for OP Bancorp

OP Bancorp (NASDAQ:OPBK - Free Report) - Research analysts at DA Davidson increased their FY2025 earnings per share (EPS) estimates for OP Bancorp in a report issued on Monday, April 28th. DA Davidson analyst G. Tenner now anticipates that the company will post earnings of $1.68 per share for the year, up from their prior forecast of $1.46. The consensus estimate for OP Bancorp's current full-year earnings is $1.90 per share.

Separately, Keefe, Bruyette & Woods lowered their target price on OP Bancorp from $19.00 to $18.00 and set a "market perform" rating on the stock in a research note on Monday, January 27th.

OP Bancorp Stock Down 0.4 %

NASDAQ:OPBK traded down $0.06 during trading hours on Wednesday, hitting $13.11. 27,612 shares of the stock traded hands, compared to its average volume of 32,696. The firm has a 50 day moving average price of $12.02 and a 200 day moving average price of $14.25. The firm has a market cap of $195.45 million, a price-to-earnings ratio of 9.43 and a beta of 0.65. OP Bancorp has a fifty-two week low of $9.28 and a fifty-two week high of $18.57. 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 (NASDAQ:OPBK - Get Free Report) last announced its earnings results on Thursday, April 24th. The company reported $0.37 EPS for the quarter, topping the consensus estimate of $0.30 by $0.07. OP Bancorp had a return on equity of 10.64% and a net margin of 13.68%. The firm had revenue of $22.23 million for the quarter, compared to analysts' expectations of $21.25 million.

OP Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 22nd. Investors of record on Thursday, May 8th will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.66%. The ex-dividend date of this dividend is Thursday, May 8th. OP Bancorp's payout ratio is 33.80%.

Institutional Trading of OP Bancorp

A number of institutional investors and hedge funds have recently modified their holdings of OPBK. Cubist Systematic Strategies LLC bought a new stake in OP Bancorp during the 4th quarter valued at approximately $68,000. Barclays PLC acquired a new position in OP Bancorp during the 3rd quarter valued at $58,000. Bank of America Corp DE lifted its stake in shares of OP Bancorp by 880.9% in the fourth quarter. Bank of America Corp DE now owns 5,758 shares of the company's stock valued at $91,000 after buying an additional 5,171 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new stake in OP Bancorp during the fourth quarter worth about $95,000. Finally, Schonfeld Strategic Advisors LLC bought a new position in OP Bancorp during the fourth quarter valued at about $274,000. 53.63% of the stock is currently owned by institutional investors and hedge funds.

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.