Myung Shin Sohn Acquires 1,000 Shares of OP Bancorp (NASDAQ:OPBK) Stock

OP Bancorp (NASDAQ:OPBK - Get Free Report) Director Myung Shin Sohn acquired 1,000 shares of OP Bancorp stock in a transaction that occurred on Friday, May 30th. The shares were purchased at an average cost of $12.41 per share, with a total value of $12,410.00. Following the transaction, the director now owns 11,400 shares of the company's stock, valued at approximately $141,474. The trade was a 9.62% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

OP Bancorp Stock Performance

Shares of NASDAQ OPBK traded up $0.17 during trading hours on Thursday, hitting $12.11. 36,901 shares of the company's stock were exchanged, compared to its average volume of 34,235. OP Bancorp has a 1-year low of $9.28 and a 1-year high of $18.57. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.00 and a quick ratio of 1.00. The stock has a market capitalization of $179.82 million, a price-to-earnings ratio of 8.71 and a beta of 0.65. The company's 50-day moving average price is $12.13 and its 200-day moving average price is $13.91.

OP Bancorp (NASDAQ:OPBK - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The company reported $0.37 EPS for the quarter, topping analysts' consensus estimates of $0.30 by $0.07. The business had revenue of $22.23 million for the quarter, compared to analyst estimates of $21.25 million. OP Bancorp had a return on equity of 10.64% and a net margin of 13.68%. On average, sell-side analysts expect that OP Bancorp will post 1.9 earnings per share for the current fiscal year.

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 issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 3.96%. The ex-dividend date was Thursday, May 8th. OP Bancorp's dividend payout ratio (DPR) is presently 33.80%.

Hedge Funds Weigh In On OP Bancorp

A number of large investors have recently added to or reduced their stakes in OPBK. Truffle Hound Capital LLC bought a new position in OP Bancorp during the 4th quarter worth about $9,170,000. Raymond James Financial Inc. bought a new position in OP Bancorp during the 4th quarter worth about $1,568,000. Susquehanna International Group LLP increased its holdings in OP Bancorp by 161.3% during the 4th quarter. Susquehanna International Group LLP now owns 156,342 shares of the company's stock worth $2,472,000 after purchasing an additional 96,519 shares in the last quarter. Royce & Associates LP bought a new position in OP Bancorp during the 4th quarter worth about $1,494,000. Finally, Rhino Investment Partners Inc increased its holdings in OP Bancorp by 18.6% during the 4th quarter. Rhino Investment Partners Inc now owns 565,494 shares of the company's stock worth $8,940,000 after purchasing an additional 88,869 shares in the last quarter. Institutional investors own 53.63% of the company's stock.

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.