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

OP Bancorp (NASDAQ:OPBK) announced a quarterly dividend on Thursday, January 23rd,RTT News reports. Stockholders of record on Thursday, February 6th will be given a dividend of 0.12 per share on Thursday, February 20th. This represents a $0.48 annualized dividend and a dividend yield of 3.04%.

OP Bancorp has raised its dividend by an average of 15.7% annually over the last three years. OP Bancorp has a payout ratio of 25.8% meaning its dividend is sufficiently covered by earnings. Analysts expect OP Bancorp to earn $1.51 per share next year, which means the company should continue to be able to cover its $0.48 annual dividend with an expected future payout ratio of 31.8%.

OP Bancorp Trading Down 0.1 %

NASDAQ OPBK traded down $0.02 during trading on Thursday, hitting $15.77. The stock had a trading volume of 36,124 shares, compared to its average volume of 23,797. OP Bancorp has a twelve month low of $8.91 and a twelve month high of $18.57. The firm has a 50 day moving average price of $16.33 and a 200 day moving average price of $13.96. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $233.55 million, a PE ratio of 11.26 and a beta of 0.66.

OP Bancorp (NASDAQ:OPBK) last announced its quarterly earnings results on Thursday, January 23rd. The company reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.03). OP Bancorp had a return on equity of 10.81% and a net margin of 14.18%. As a group, equities research analysts forecast that OP Bancorp will post 1.46 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.