Rhino Investment Partners Inc Increases Stock Position in OP Bancorp (NASDAQ:OPBK)

Rhino Investment Partners Inc boosted its stake in shares of OP Bancorp (NASDAQ:OPBK - Free Report) by 18.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 565,494 shares of the company's stock after purchasing an additional 88,869 shares during the period. OP Bancorp comprises 2.0% of Rhino Investment Partners Inc's portfolio, making the stock its 21st largest holding. Rhino Investment Partners Inc owned about 3.82% of OP Bancorp worth $8,940,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Barclays PLC purchased a new stake in OP Bancorp during the third quarter valued at $58,000. Geode Capital Management LLC lifted its holdings in OP Bancorp by 2.6% in the 3rd quarter. Geode Capital Management LLC now owns 118,203 shares of the company's stock worth $1,476,000 after purchasing an additional 2,948 shares in the last quarter. Ritholtz Wealth Management boosted its stake in OP Bancorp by 10.4% in the 4th quarter. Ritholtz Wealth Management now owns 39,688 shares of the company's stock worth $627,000 after purchasing an additional 3,740 shares during the period. Empowered Funds LLC raised its position in shares of OP Bancorp by 5.2% during the fourth quarter. Empowered Funds LLC now owns 52,929 shares of the company's stock valued at $837,000 after buying an additional 2,615 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in shares of OP Bancorp by 139.6% in the fourth quarter. Bank of New York Mellon Corp now owns 33,024 shares of the company's stock worth $522,000 after buying an additional 19,243 shares in the last quarter. Institutional investors own 53.63% of the company's stock.

OP Bancorp Trading Down 0.7 %

Shares of NASDAQ OPBK traded down $0.10 during trading hours on Tuesday, hitting $12.85. 45,847 shares of the company traded hands, compared to its average volume of 32,804. The stock has a market capitalization of $191.57 million, a price-to-earnings ratio of 9.25 and a beta of 0.65. The company's 50 day moving average price is $12.02 and its 200 day moving average price is $14.24. OP Bancorp has a 12 month low of $9.28 and a 12 month high of $18.57. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.37.

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

OP Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 22nd. Shareholders of record on Thursday, May 8th will be given a $0.12 dividend. The ex-dividend date is Thursday, May 8th. This represents a $0.48 annualized dividend and a yield of 3.74%. OP Bancorp's dividend payout ratio (DPR) is 33.80%.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods dropped their price objective on shares of OP Bancorp from $19.00 to $18.00 and set a "market perform" rating for the company in a report on Monday, January 27th.

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.