FY2025 EPS Estimates for OP Bancorp Increased by DA Davidson

OP Bancorp (NASDAQ:OPBK - Free Report) - Investment analysts at DA Davidson increased their FY2025 earnings estimates for OP Bancorp in a research note issued to investors on Monday, April 28th. DA Davidson analyst G. Tenner now expects 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 dropped their price target on OP Bancorp from $19.00 to $18.00 and set a "market perform" rating for the company in a report on Monday, January 27th.

OP Bancorp Stock Performance

Shares of NASDAQ:OPBK traded up $0.37 during trading on Wednesday, reaching $13.16. 61,281 shares of the stock were exchanged, compared to its average volume of 32,691. OP Bancorp has a 12 month low of $9.28 and a 12 month high of $18.57. The stock has a 50-day moving average price of $12.02 and a 200-day moving average price of $14.23. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.37. The firm has a market cap of $196.27 million, a PE ratio of 9.47 and a beta of 0.65.

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. The business had revenue of $22.23 million during the quarter, compared to the consensus estimate of $21.25 million. OP Bancorp had a net margin of 13.68% and a return on equity of 10.64%.

Institutional Trading of OP Bancorp

Large investors have recently modified their holdings of the stock. Barclays PLC acquired a new stake in OP Bancorp during the third quarter worth about $58,000. Geode Capital Management LLC boosted 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 worth $1,476,000 after acquiring an additional 2,948 shares in the last quarter. Ritholtz Wealth Management increased its stake in 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 acquiring an additional 3,740 shares during the last quarter. Empowered Funds LLC increased its stake 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 acquiring an additional 2,615 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its position in OP Bancorp by 139.6% during 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. 53.63% of the stock is owned by institutional investors and hedge funds.

OP Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 22nd. Investors of record on Thursday, May 8th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 3.65%. The ex-dividend date of this dividend is Thursday, May 8th. OP Bancorp's dividend payout ratio is currently 33.80%.

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.