OP Bancorp (NASDAQ:OPBK – Get Free Report) announced a quarterly dividend on Thursday, October 22nd. Stockholders of record on Thursday, November 5th will be paid a dividend of $0.14 per share on Thursday, November 19th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date of this dividend is Thursday, November 5th.
OP Bancorp has increased its dividend by an average of 0.1% annually over the last three years. OP Bancorp has a payout ratio of 30.9% meaning its dividend is sufficiently covered by earnings. Equities analysts expect OP Bancorp to earn $2.15 per share next year, which means the company should continue to be able to cover its $0.56 annual dividend with an expected future payout ratio of 26.0%.
OP Bancorp Price Performance
OPBK stock opened at $14.72 on Friday. OP Bancorp has a one year low of $12.41 and a one year high of $16.83. The firm has a 50-day moving average of $15.16 and a two-hundred day moving average of $14.81. The firm has a market capitalization of $219.81 million, a PE ratio of 7.36 and a beta of 0.62. The company has a current ratio of 1.02, a quick ratio of 1.01 and a debt-to-equity ratio of 0.42.
OP Bancorp (NASDAQ:OPBK – Get Free Report) last released its earnings results on Thursday, October 22nd. The company reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.02. OP Bancorp had a net margin of 17.09% and a return on equity of 12.89%. The business had revenue of $27.50 million for the quarter, compared to the consensus estimate of $26.50 million. On average, analysts forecast that OP Bancorp will post 2.07 earnings per share for the current year.
OP Bancorp Company Profile
OP Bancorp is the bank holding company for Open Bank, a community-focused financial institution headquartered in Los Angeles, California. Founded in 2005, Open Bank primarily serves small and middle-market businesses, entrepreneurs, professionals and individuals, with a particular focus on Korean American and other Asian American communities.
Open Bank offers a range of banking products and services, including business and personal checking and savings accounts, certificates of deposit, commercial and residential real estate loans, commercial and industrial lending, small business loans and consumer financing.
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