Key Points
- CFO Jaehyun Park sold 958 shares on March 12 at an average price of $12.91, a transaction valued at about $12,367.78 and disclosed on an SEC Form 4.
- OP Bancorp reported quarterly EPS $0.47, missing the $0.52 consensus and posting revenue slightly below estimates; the stock trades near $12.91 with a market cap of ~$192M, a P/E of 7.55, and a quarterly dividend of $0.12 (3.7% yield).
- Analysts are mixed (consensus "Hold", average target $16.50) while institutional investors own ~53.6% of the shares and several funds materially increased their stakes recently.
OP Bancorp (NASDAQ:OPBK - Get Free Report) CFO Jaehyun Park sold 958 shares of the stock in a transaction on Thursday, March 12th. The shares were sold at an average price of $12.91, for a total value of $12,367.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
OP Bancorp Trading Down 0.5%
NASDAQ OPBK traded down $0.06 on Friday, reaching $12.91. The company had a trading volume of 29,005 shares, compared to its average volume of 34,043. OP Bancorp has a 52 week low of $10.43 and a 52 week high of $15.27. The stock's 50 day moving average is $13.96 and its 200-day moving average is $13.91. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.34. The stock has a market cap of $192.22 million, a price-to-earnings ratio of 7.55 and a beta of 0.66.
OP Bancorp (NASDAQ:OPBK - Get Free Report) last released its quarterly earnings data on Thursday, January 22nd. The company reported $0.47 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.05). The firm had revenue of $24.28 million for the quarter, compared to the consensus estimate of $24.85 million. OP Bancorp had a return on equity of 11.93% and a net margin of 15.39%. Equities analysts predict that OP Bancorp will post 1.9 earnings per share for the current year.
OP Bancorp Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, February 19th. Stockholders of record on Thursday, February 5th were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Thursday, February 5th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.7%. OP Bancorp's dividend payout ratio (DPR) is currently 28.07%.
Hedge Funds Weigh In On OP Bancorp
A number of large investors have recently modified their holdings of OPBK. Diversify Advisory Services LLC raised its holdings in OP Bancorp by 145.4% during the third quarter. Diversify Advisory Services LLC now owns 1,840,941 shares of the company's stock worth $24,595,000 after acquiring an additional 1,090,687 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of OP Bancorp by 118.3% during the 2nd quarter. Geode Capital Management LLC now owns 273,701 shares of the company's stock worth $3,556,000 after purchasing an additional 148,299 shares in the last quarter. Fourthstone LLC boosted its holdings in shares of OP Bancorp by 128.3% in the 2nd quarter. Fourthstone LLC now owns 263,790 shares of the company's stock valued at $3,427,000 after buying an additional 148,238 shares during the last quarter. Segall Bryant & Hamill LLC acquired a new stake in shares of OP Bancorp in the 3rd quarter valued at approximately $1,864,000. Finally, Marshall Wace LLP grew its stake in shares of OP Bancorp by 960.2% in the second quarter. Marshall Wace LLP now owns 140,591 shares of the company's stock valued at $1,826,000 after buying an additional 127,330 shares in the last quarter. 53.63% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several brokerages have commented on OPBK. Zacks Research downgraded shares of OP Bancorp from a "hold" rating to a "strong sell" rating in a report on Tuesday, January 27th. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of OP Bancorp in a research report on Monday, December 29th. One analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $16.50.
View Our Latest Report on OP Bancorp
About OP Bancorp
(
Get Free Report)
OP Bancorp is the bank holding company for Old Point National Bank, a community-focused financial institution headquartered in Suffolk, Virginia. Through its subsidiary, the company offers a broad range of commercial and consumer banking services designed to meet the needs of businesses, professionals and individuals across the Hampton Roads and Virginia Peninsula regions. Core services include business lending, real estate financing, deposit accounts, cash management solutions and treasury services.
The company's lending portfolio spans commercial real estate loans, construction and land development financing, equipment loans and lines of credit tailored for small and medium-sized enterprises.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
