FY2025 EPS Estimates for OP Bancorp Raised by DA Davidson

OP Bancorp (NASDAQ:OPBK - Free Report) - Equities research analysts at DA Davidson increased their FY2025 earnings per share (EPS) estimates for shares of OP Bancorp in a research note issued to investors on Friday, June 27th. DA Davidson analyst G. Tenner now anticipates that the company will post earnings of $1.71 per share for the year, up from their prior estimate of $1.68. The consensus estimate for OP Bancorp's current full-year earnings is $1.90 per share. DA Davidson also issued estimates for OP Bancorp's FY2026 earnings at $1.89 EPS.

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 (EPS) for the quarter, beating analysts' consensus estimates of $0.30 by $0.07. OP Bancorp had a return on equity of 10.51% and a net margin of 13.61%. The business had revenue of $22.23 million during the quarter, compared to the consensus estimate of $21.25 million.

OP Bancorp Price Performance

OP Bancorp stock opened at $12.89 on Monday. OP Bancorp has a 52 week low of $9.42 and a 52 week high of $18.57. The company's 50 day moving average price is $12.43 and its two-hundred day moving average price is $13.24. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.36. The stock has a market cap of $191.42 million, a P/E ratio of 9.08 and a beta of 0.65.

Hedge Funds Weigh In On OP Bancorp

Hedge funds have recently modified their holdings of the company. Amundi bought a new position in shares of OP Bancorp during the 1st quarter worth approximately $26,000. Cubist Systematic Strategies LLC bought a new position in shares of OP Bancorp during the 4th quarter worth approximately $68,000. Bank of America Corp DE lifted its position in shares of 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 buying an additional 5,171 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of OP Bancorp during the 4th quarter worth approximately $95,000. Finally, Barclays PLC lifted its position in shares of OP Bancorp by 116.2% during the 4th quarter. Barclays PLC now owns 10,046 shares of the company's stock worth $159,000 after buying an additional 5,399 shares in the last quarter. Institutional investors own 53.63% of the company's stock.

OP Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, May 22nd. Shareholders of record on Thursday, May 8th were given a dividend of $0.12 per share. The ex-dividend date was Thursday, May 8th. This represents a $0.48 annualized dividend and a dividend yield of 3.72%. OP Bancorp's dividend payout ratio is currently 33.80%.

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.

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