DA Davidson Comments on OP Bancorp's FY2025 Earnings (NASDAQ:OPBK)

OP Bancorp (NASDAQ:OPBK - Free Report) - DA Davidson issued their FY2025 earnings per share (EPS) estimates for shares of OP Bancorp in a note issued to investors on Monday, April 29th. DA Davidson analyst G. Tenner expects that the company will post earnings per share of $1.52 for the year. The consensus estimate for OP Bancorp's current full-year earnings is $1.52 per share.

OP Bancorp Price Performance

Shares of NASDAQ:OPBK traded down $0.13 during midday trading on Tuesday, reaching $9.13. 67,043 shares of the company's stock traded hands, compared to its average volume of 26,020. The company has a fifty day simple moving average of $9.83 and a two-hundred day simple moving average of $9.81. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.01 and a current ratio of 1.01. The company has a market cap of $136.58 million, a P/E ratio of 6.52 and a beta of 0.62. OP Bancorp has a 1 year low of $7.50 and a 1 year high of $11.49.

OP Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 23rd. Shareholders of record on Thursday, May 9th will be issued a $0.12 dividend. The ex-dividend date is Wednesday, May 8th. This represents a $0.48 dividend on an annualized basis and a yield of 5.26%. OP Bancorp's payout ratio is currently 34.29%.

Insiders Place Their Bets

In other OP Bancorp news, Director Brian Choi acquired 4,914 shares of the business's stock in a transaction that occurred on Tuesday, February 6th. The stock was purchased at an average cost of $9.95 per share, with a total value of $48,894.30. Following the transaction, the director now owns 1,298,520 shares of the company's stock, valued at $12,920,274. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 24.88% of the company's stock.

Institutional Trading of OP Bancorp

A number of hedge funds and other institutional investors have recently modified their holdings of OPBK. Raymond James & Associates acquired a new stake in shares of OP Bancorp during the 3rd quarter worth about $92,000. Assenagon Asset Management S.A. grew its position in OP Bancorp by 157.4% in the 3rd quarter. Assenagon Asset Management S.A. now owns 34,734 shares of the company's stock valued at $318,000 after acquiring an additional 21,240 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its position in OP Bancorp by 58.1% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 27,592 shares of the company's stock valued at $252,000 after acquiring an additional 10,135 shares in the last quarter. O Shaughnessy Asset Management LLC grew its position in OP Bancorp by 76.8% in the 3rd quarter. O Shaughnessy Asset Management LLC now owns 34,942 shares of the company's stock valued at $320,000 after acquiring an additional 15,176 shares in the last quarter. Finally, Ancora Advisors LLC grew its position in OP Bancorp by 46.0% in the 3rd quarter. Ancora Advisors LLC now owns 91,790 shares of the company's stock valued at $840,000 after acquiring an additional 28,940 shares in the last quarter. 53.63% of the stock is owned by institutional investors and hedge funds.

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.