FY2025 EPS Estimates for OP Bancorp Lowered by DA Davidson

Key Points

• DA Davidson has reduced its FY2025 earnings per share estimate for OP Bancorp from $1.71 to $1.70, while the consensus estimate remains at $1.90.
• Keefe, Bruyette & Woods has increased their price target for OP Bancorp from $15.00 to $15.50 and maintained a "market perform" rating.
• OP Bancorp declared a quarterly dividend of $0.12 per share, representing a 3.65% dividend yield with a record date set for August 7th.

OP Bancorp (NASDAQ:OPBK - Free Report) - Investment analysts at DA Davidson reduced their FY2025 earnings per share (EPS) estimates for OP Bancorp in a report released on Monday, July 28th. DA Davidson analyst G. Tenner now anticipates that the company will earn $1.70 per share for the year, down from their previous forecast of $1.71. The consensus estimate for OP Bancorp's current full-year earnings is $1.90 per share.

OP Bancorp (NASDAQ:OPBK - Get Free Report) last released its quarterly earnings data on Thursday, July 24th. The company reported $0.42 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.42. OP Bancorp had a return on equity of 10.81% and a net margin of 13.91%. The company had revenue of $23.69 million during the quarter, compared to analysts' expectations of $22.85 million.

Separately, Keefe, Bruyette & Woods raised their price objective on OP Bancorp from $15.00 to $15.50 and gave the stock a "market perform" rating in a research note on Monday, July 28th.

OP Bancorp Stock Performance

Shares of NASDAQ OPBK remained flat at $12.80 during trading hours on Wednesday. The stock had a trading volume of 78,549 shares, compared to its average volume of 72,163. The company has a market cap of $190.08 million, a price-to-earnings ratio of 8.65 and a beta of 0.70. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.36. OP Bancorp has a one year low of $10.43 and a one year high of $18.57. The company's 50 day simple moving average is $12.86 and its two-hundred day simple moving average is $12.88.

Institutional Trading of OP Bancorp

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in OPBK. Amundi bought a new stake in OP Bancorp during the 1st quarter worth approximately $26,000. Cubist Systematic Strategies LLC bought a new stake in OP Bancorp during the 4th quarter worth approximately $68,000. Bank of America Corp DE increased its holdings in OP Bancorp by 880.9% during the 4th quarter. Bank of America Corp DE now owns 5,758 shares of the company's stock worth $91,000 after purchasing an additional 5,171 shares in the last quarter. Public Employees Retirement System of Ohio bought a new stake in OP Bancorp during the 2nd quarter worth approximately $92,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in OP Bancorp during the 4th quarter worth approximately $95,000. 53.63% of the stock is owned by institutional investors.

OP Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 21st. Investors of record on Thursday, August 7th will be given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date of this dividend is Thursday, August 7th. OP Bancorp's payout ratio is presently 32.43%.

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.