Stieven Capital Advisors L.P. Has $2.66 Million Position in OP Bancorp (NASDAQ:OPBK)

Stieven Capital Advisors L.P. cut its stake 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 and Exchange Commission (SEC). 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 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Truffle Hound Capital LLC bought a new position in shares of OP Bancorp in the fourth quarter valued at approximately $9,170,000. Millennium Management LLC lifted its stake in OP Bancorp by 96.1% during the fourth 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 during the last quarter. Raymond James Financial Inc. acquired a new stake in OP Bancorp during the fourth quarter valued at approximately $1,568,000. Cubist Systematic Strategies LLC acquired a new stake in OP Bancorp during the fourth quarter valued at approximately $68,000. Finally, Jane Street Group LLC acquired a new stake in OP Bancorp during the fourth quarter valued at approximately $320,000. 53.63% of the stock is currently owned by institutional investors.

OP Bancorp Price Performance

OPBK stock traded down $0.17 on Friday, hitting $13.48. 52,142 shares of the company's stock traded hands, compared to its average volume of 46,495. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.36. The stock has a market cap of $200.18 million, a price-to-earnings ratio of 9.49 and a beta of 0.65. OP Bancorp has a 1-year low of $10.33 and a 1-year high of $18.57. The stock has a fifty day moving average of $12.72 and a 200-day moving average of $13.10.

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

OP Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 22nd. Investors of record on Thursday, May 8th were paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 3.56%. The ex-dividend date was Thursday, May 8th. OP Bancorp's dividend payout ratio is 33.80%.

OP Bancorp 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.