OP Bancorp (NASDAQ:OPBK) Stock Holdings Lessened by Stieven Capital Advisors L.P.

Stieven Capital Advisors L.P. lowered its holdings in OP Bancorp (NASDAQ:OPBK - Free Report) by 10.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 220,986 shares of the company's stock after selling 24,479 shares during the period. Stieven Capital Advisors L.P. owned approximately 1.48% of OP Bancorp worth $2,656,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the business. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of OP Bancorp in the fourth quarter worth $95,000. Millennium Management LLC grew its holdings in OP Bancorp by 96.1% during the 4th quarter. Millennium Management LLC now owns 69,481 shares of the company's stock valued at $1,098,000 after purchasing an additional 34,054 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new stake in OP Bancorp during the 4th quarter valued at $68,000. Bridgeway Capital Management LLC grew its holdings in OP Bancorp by 0.4% during the 4th quarter. Bridgeway Capital Management LLC now owns 228,379 shares of the company's stock valued at $3,611,000 after purchasing an additional 915 shares in the last quarter. Finally, Bank of America Corp DE grew 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 valued at $91,000 after purchasing an additional 5,171 shares in the last quarter. Institutional investors and hedge funds own 53.63% of the company's stock.

OP Bancorp Stock Down 3.6%

OPBK traded down $0.49 during trading hours on Tuesday, reaching $13.29. 67,336 shares of the stock traded hands, compared to its average volume of 46,746. The firm's fifty day simple moving average is $12.72 and its two-hundred day simple moving average is $13.07. The company has a market cap of $197.36 million, a price-to-earnings ratio of 9.36 and a beta of 0.65. OP Bancorp has a fifty-two week low of $10.43 and a fifty-two week high of $18.57. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.01 and a quick ratio of 1.01.

OP Bancorp (NASDAQ:OPBK - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The company reported $0.37 earnings per share for the quarter, beating analysts' consensus estimates of $0.30 by $0.07. The business had revenue of $22.23 million during the quarter, compared to analyst estimates of $21.25 million. OP Bancorp had a net margin of 13.61% and a return on equity of 10.51%. As a group, analysts forecast that OP Bancorp will post 1.9 earnings per share for the current fiscal year.

OP Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 22nd. Shareholders of record on Thursday, May 8th were paid a dividend of $0.12 per share. The ex-dividend date of this dividend was Thursday, May 8th. This represents a $0.48 dividend on an annualized basis and a yield of 3.61%. OP Bancorp's dividend payout ratio (DPR) is 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.