Empowered Funds LLC Buys 2,546 Shares of OP Bancorp (NASDAQ:OPBK)

Empowered Funds LLC lifted its stake in shares of OP Bancorp (NASDAQ:OPBK) by 5.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 50,314 shares of the company’s stock after purchasing an additional 2,546 shares during the quarter. Empowered Funds LLC owned 0.34% of OP Bancorp worth $628,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the stock. Russell Investments Group Ltd. boosted its holdings in shares of OP Bancorp by 13.7% during the 1st quarter. Russell Investments Group Ltd. now owns 48,924 shares of the company’s stock valued at $488,000 after acquiring an additional 5,896 shares in the last quarter. O Shaughnessy Asset Management LLC boosted its stake in shares of OP Bancorp by 36.6% during the first quarter. O Shaughnessy Asset Management LLC now owns 40,486 shares of the company’s stock valued at $404,000 after purchasing an additional 10,854 shares in the last quarter. Ancora Advisors LLC grew its holdings in shares of OP Bancorp by 1.2% during the first quarter. Ancora Advisors LLC now owns 113,810 shares of the company’s stock worth $1,136,000 after purchasing an additional 1,350 shares during the last quarter. Ritholtz Wealth Management increased its stake in shares of OP Bancorp by 44.9% in the second quarter. Ritholtz Wealth Management now owns 24,014 shares of the company’s stock valued at $230,000 after buying an additional 7,440 shares during the period. Finally, ClariVest Asset Management LLC increased its stake in shares of OP Bancorp by 2.9% in the second quarter. ClariVest Asset Management LLC now owns 90,509 shares of the company’s stock valued at $868,000 after buying an additional 2,528 shares during the period. 53.63% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods restated a “market perform” rating and issued a $13.00 price target on shares of OP Bancorp in a research report on Monday, August 26th.

OP Bancorp Price Performance

Shares of OPBK opened at $17.16 on Friday. The business has a 50-day moving average of $13.96 and a 200-day moving average of $11.94. 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 company has a market capitalization of $254.14 million, a price-to-earnings ratio of 12.26 and a beta of 0.60. OP Bancorp has a 1 year low of $8.57 and a 1 year high of $18.29.

OP Bancorp (NASDAQ:OPBK) last posted its quarterly earnings data on Thursday, October 24th. The company reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.03. The firm had revenue of $39.54 million during the quarter. OP Bancorp had a return on equity of 10.81% and a net margin of 14.18%. As a group, equities research analysts anticipate that OP Bancorp will post 1.46 earnings per share for the current year.

OP Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, November 21st. Shareholders of record on Thursday, November 7th were issued a $0.12 dividend. The ex-dividend date was Thursday, November 7th. This represents a $0.48 annualized dividend and a yield of 2.80%. OP Bancorp’s payout ratio is currently 34.29%.

OP Bancorp 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.