FY2025 EPS Estimates for OP Bancorp Raised by DA Davidson

OP Bancorp (NASDAQ:OPBK) – DA Davidson raised their FY2025 earnings per share (EPS) estimates for OP Bancorp in a research note issued on Tuesday, January 28th. DA Davidson analyst G. Tenner now expects that the company will earn $1.90 per share for the year, up from their previous estimate of $1.51. The consensus estimate for OP Bancorp’s current full-year earnings is $1.46 per share.

OP Bancorp (NASDAQ:OPBK) last released its earnings results on Thursday, January 23rd. The company reported $0.33 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.03). OP Bancorp had a net margin of 14.18% and a return on equity of 10.81%.

Separately, Keefe, Bruyette & Woods decreased their price target on OP Bancorp from $19.00 to $18.00 and set a “market perform” rating for the company in a research note on Monday.

OP Bancorp Trading Up 2.6 %

OP Bancorp stock opened at $13.89 on Thursday. OP Bancorp has a 12-month low of $8.91 and a 12-month high of $18.57. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.00 and a quick ratio of 1.00. The stock has a market capitalization of $205.71 million, a PE ratio of 9.92 and a beta of 0.66. The firm has a 50 day simple moving average of $16.09 and a 200-day simple moving average of $14.09.

OP Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 20th. Shareholders of record on Thursday, February 6th will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 3.46%. The ex-dividend date is Thursday, February 6th. OP Bancorp’s dividend payout ratio (DPR) is presently 34.29%.

Hedge Funds Weigh In On OP Bancorp

Several large investors have recently made changes to their positions in OPBK. Barclays PLC bought a new stake in shares of OP Bancorp in the 3rd quarter worth approximately $58,000. Ritholtz Wealth Management grew its position in OP Bancorp by 49.7% in the third quarter. Ritholtz Wealth Management now owns 35,948 shares of the company’s stock worth $449,000 after buying an additional 11,934 shares during the last quarter. Empowered Funds LLC grew its position in OP Bancorp by 5.3% in the third quarter. Empowered Funds LLC now owns 50,314 shares of the company’s stock worth $628,000 after buying an additional 2,546 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of OP Bancorp by 18.2% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 61,467 shares of the company’s stock valued at $767,000 after buying an additional 9,447 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its position in shares of OP Bancorp by 40.1% during the 2nd quarter. Renaissance Technologies LLC now owns 112,060 shares of the company’s stock valued at $1,075,000 after acquiring an additional 32,060 shares during the last quarter. Institutional investors own 53.63% of the company’s stock.

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.