Susquehanna International Group LLP Raises Position in OP Bancorp (NASDAQ:OPBK)

Susquehanna International Group LLP grew its holdings in OP Bancorp (NASDAQ:OPBK - Free Report) by 161.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 156,342 shares of the company's stock after purchasing an additional 96,519 shares during the period. Susquehanna International Group LLP owned approximately 1.06% of OP Bancorp worth $2,472,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. Dimensional Fund Advisors LP increased its position in shares of OP Bancorp by 3.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 514,902 shares of the company's stock valued at $8,140,000 after buying an additional 18,709 shares during the period. Barclays PLC increased its holdings in OP Bancorp by 116.2% during the 4th quarter. Barclays PLC now owns 10,046 shares of the company's stock worth $159,000 after acquiring an additional 5,399 shares during the period. Raymond James Financial Inc. purchased a new stake in OP Bancorp in the 4th quarter worth approximately $1,568,000. O Shaughnessy Asset Management LLC boosted its holdings in OP Bancorp by 19.4% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 75,739 shares of the company's stock valued at $1,197,000 after purchasing an additional 12,286 shares during the period. Finally, Truffle Hound Capital LLC bought a new position in OP Bancorp in the 4th quarter valued at $9,170,000. 53.63% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

OP Bancorp Price Performance

Shares of NASDAQ OPBK traded up $0.08 during midday trading on Friday, hitting $12.88. 37,630 shares of the company's stock were exchanged, compared to its average volume of 32,237. The business's fifty day moving average price is $11.99 and its two-hundred day moving average price is $14.22. The company has a market cap of $192.09 million, a price-to-earnings ratio of 9.27 and a beta of 0.65. 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 has a 12-month low of $9.28 and a 12-month high of $18.57.

OP Bancorp (NASDAQ:OPBK - Get Free Report) last issued 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. OP Bancorp had a net margin of 13.68% and a return on equity of 10.64%. The firm had revenue of $22.23 million for the quarter, compared to analyst estimates of $21.25 million. As a group, research analysts forecast that OP Bancorp will post 1.9 EPS for the current fiscal year.

OP Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 22nd. Shareholders of record on Thursday, May 8th will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 3.73%. The ex-dividend date of this dividend is Thursday, May 8th. OP Bancorp's dividend payout ratio (DPR) is currently 33.80%.

OP Bancorp 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.