OP Bancorp (NASDAQ:OPBK) Position Increased by Susquehanna International Group LLP

Susquehanna International Group LLP raised its stake in OP Bancorp (NASDAQ:OPBK - Free Report) by 161.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 156,342 shares of the company's stock after purchasing an additional 96,519 shares during the quarter. Susquehanna International Group LLP owned about 1.06% of OP Bancorp worth $2,472,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Empowered Funds LLC boosted its position in OP Bancorp by 5.2% during the 4th quarter. Empowered Funds LLC now owns 52,929 shares of the company's stock worth $837,000 after acquiring an additional 2,615 shares during the period. Geode Capital Management LLC raised its position in OP Bancorp by 2.6% during the third quarter. Geode Capital Management LLC now owns 118,203 shares of the company's stock valued at $1,476,000 after buying an additional 2,948 shares during the period. Ritholtz Wealth Management raised its position in OP Bancorp by 10.4% during the fourth quarter. Ritholtz Wealth Management now owns 39,688 shares of the company's stock valued at $627,000 after buying an additional 3,740 shares during the period. Barclays PLC acquired a new position in OP Bancorp during the third quarter valued at $58,000. Finally, O Shaughnessy Asset Management LLC raised its position in OP Bancorp by 19.4% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 75,739 shares of the company's stock valued at $1,197,000 after buying an additional 12,286 shares during the period. 53.63% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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 report on Monday, January 27th.

OP Bancorp Stock Up 0.1%

OPBK traded up $0.02 on Wednesday, hitting $13.29. 8,107 shares of the company were exchanged, compared to its average volume of 32,234. The company has a market cap of $198.13 million, a PE ratio of 9.56 and a beta of 0.65. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.00 and a current ratio of 1.00. OP Bancorp has a 12 month low of $9.28 and a 12 month high of $18.57. The stock's fifty day moving average is $12.02 and its 200-day moving average is $14.21.

OP Bancorp (NASDAQ:OPBK - Get Free Report) last posted 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 company had revenue of $22.23 million for the quarter, compared to analysts' expectations of $21.25 million. Equities research analysts predict that OP Bancorp will post 1.9 EPS for the current fiscal year.

OP Bancorp Announces Dividend

The business also recently announced 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. This represents a $0.48 dividend on an annualized basis and a yield of 3.61%. The ex-dividend date is Thursday, May 8th. OP Bancorp's dividend payout ratio (DPR) is presently 33.80%.

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.