FY2025 EPS Estimates for OP Bancorp Increased by DA Davidson

OP Bancorp (NASDAQ:OPBK - Free Report) - Analysts at DA Davidson raised their FY2025 EPS estimates for OP Bancorp in a research note issued on Friday, June 27th. DA Davidson analyst G. Tenner now expects that the company will post earnings per share of $1.71 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 Stock Performance

Shares of NASDAQ:OPBK traded up $0.22 during midday trading on Monday, reaching $14.12. The company had a trading volume of 70,962 shares, compared to its average volume of 45,106. OP Bancorp has a 52-week low of $9.43 and a 52-week high of $18.57. The company's 50 day moving average price is $12.56 and its 200 day moving average price is $13.22. 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 $209.68 million, a P/E ratio of 9.94 and a beta of 0.65.

OP Bancorp (NASDAQ:OPBK - Get Free Report) last released its earnings results on Thursday, April 24th. The company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.07. OP Bancorp had a return on equity of 10.51% and a net margin of 13.61%. The company had revenue of $22.23 million during the quarter, compared to analyst estimates of $21.25 million.

Institutional Trading of OP Bancorp

A number of large investors have recently bought and sold shares of the company. Goldman Sachs Group Inc. lifted its position in shares of OP Bancorp by 45.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 62,824 shares of the company's stock valued at $755,000 after buying an additional 19,758 shares during the last quarter. Acadian Asset Management LLC lifted its holdings in OP Bancorp by 15.2% during the first quarter. Acadian Asset Management LLC now owns 271,112 shares of the company's stock valued at $3,254,000 after purchasing an additional 35,708 shares during the last quarter. Jane Street Group LLC lifted its holdings in OP Bancorp by 124.6% during the first quarter. Jane Street Group LLC now owns 45,394 shares of the company's stock valued at $546,000 after purchasing an additional 25,181 shares during the last quarter. Empowered Funds LLC boosted its position in OP Bancorp by 3.5% during the first quarter. Empowered Funds LLC now owns 54,763 shares of the company's stock worth $658,000 after purchasing an additional 1,834 shares during the period. Finally, Amundi purchased a new position in shares of OP Bancorp in the first quarter worth about $26,000. 53.63% of the stock is owned by hedge funds and other institutional investors.

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. The ex-dividend date was Thursday, May 8th. This represents a $0.48 annualized dividend and a yield of 3.40%. OP Bancorp's payout ratio is 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.