OP Bancorp (NASDAQ:OPBK) Short Interest Down 27.0% in April

OP Bancorp (NASDAQ:OPBK) saw a significant decline in short interest in April. As of April 15th, there was short interest totalling 37,000 shares, a decline of 27.0% from the March 31st total of 50,700 shares. Based on an average trading volume of 22,900 shares, the short-interest ratio is presently 1.6 days. Approximately 0.3% of the shares of the stock are short sold.

Insider Buying and Selling

In other news, Director Brian Choi purchased 4,914 shares of the stock in a transaction on Tuesday, February 6th. The shares were acquired at an average price of $9.95 per share, for a total transaction of $48,894.30. Following the completion of the transaction, the director now directly owns 1,298,520 shares of the company’s stock, valued at approximately $12,920,274. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. 24.88% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. AJOVista LLC bought a new position in OP Bancorp during the 4th quarter worth approximately $83,000. Raymond James & Associates purchased a new stake in shares of OP Bancorp during the third quarter valued at approximately $92,000. Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of OP Bancorp by 58.1% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 27,592 shares of the company’s stock worth $252,000 after purchasing an additional 10,135 shares during the last quarter. Hilltop Holdings Inc. purchased a new position in shares of OP Bancorp in the fourth quarter worth $274,000. Finally, Assenagon Asset Management S.A. raised its holdings in OP Bancorp by 157.4% during the 3rd quarter. Assenagon Asset Management S.A. now owns 34,734 shares of the company’s stock valued at $318,000 after buying an additional 21,240 shares during the last quarter. Hedge funds and other institutional investors own 53.63% of the company’s stock.

OP Bancorp Price Performance

NASDAQ OPBK traded down $0.09 on Friday, reaching $9.34. 42,907 shares of the company’s stock traded hands, compared to its average volume of 23,204. The stock has a market cap of $139.73 million, a PE ratio of 6.67 and a beta of 0.62. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.01 and a quick ratio of 1.01. OP Bancorp has a 12 month low of $7.50 and a 12 month high of $11.49. The stock has a 50-day simple moving average of $9.87 and a 200 day simple moving average of $9.79.

OP Bancorp (NASDAQ:OPBK) last released its earnings results on Thursday, January 25th. The company reported $0.34 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.03). The business had revenue of $19.91 million for the quarter. OP Bancorp had a net margin of 15.50% and a return on equity of 11.56%. As a group, research analysts predict that OP Bancorp will post 1.52 earnings per share for the current year.

OP Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 23rd. Stockholders of record on Thursday, May 9th will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Wednesday, May 8th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 5.14%. OP Bancorp’s dividend payout ratio (DPR) is currently 34.29%.

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.