OP Bancorp (NASDAQ:OPBK) Announces Quarterly Dividend of $0.12

Key Points

• OP Bancorp declared a quarterly dividend of $0.12 per share, with investors of record set to receive payment on November 20th.
• The company reported $0.45 earnings per share for the quarter, exceeding analyst expectations, alongside a revenue of $24.48 million.
• OP Bancorp has a payout ratio of 26.5%, indicating that its dividend is well-covered by earnings, and the stock has a yield of 3.6%.

OP Bancorp (NASDAQ:OPBK - Get Free Report) announced a quarterly dividend on Thursday, October 23rd. Investors of record on Thursday, November 6th will be paid a dividend of 0.12 per share on Thursday, November 20th. This represents a c) annualized dividend and a yield of 3.6%. The ex-dividend date is Thursday, November 6th.

OP Bancorp has a payout ratio of 26.5% indicating that its dividend is sufficiently covered by earnings.

OP Bancorp Stock Performance

Shares of NASDAQ OPBK opened at $13.39 on Friday. The firm has a 50 day moving average of $13.99 and a 200 day moving average of $13.10. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $199.38 million, a price-to-earnings ratio of 9.05 and a beta of 0.70. OP Bancorp has a 12-month low of $10.43 and a 12-month high of $18.57.

OP Bancorp (NASDAQ:OPBK - Get Free Report) last announced its earnings results on Thursday, October 23rd. The company reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.01. The company had revenue of $24.48 million during the quarter, compared to analyst estimates of $24.25 million. OP Bancorp had a net margin of 13.91% and a return on equity of 10.72%. On average, research analysts anticipate that OP Bancorp will post 1.9 earnings per share for the current year.

OP Bancorp Company 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.

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