Barclays PLC Takes $58,000 Position in OP Bancorp (NASDAQ:OPBK)

Barclays PLC acquired a new position in OP Bancorp (NASDAQ:OPBK) during the 3rd quarter, HoldingsChannel.com reports. The firm acquired 4,647 shares of the company’s stock, valued at approximately $58,000.

A number of other hedge funds also recently made changes to their positions in the stock. Fourthstone LLC bought a new stake in OP Bancorp in the 3rd quarter worth approximately $1,448,000. Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of OP Bancorp by 18.2% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 61,467 shares of the company’s stock worth $767,000 after acquiring an additional 9,447 shares in the last quarter. Empowered Funds LLC lifted its holdings in shares of OP Bancorp by 5.3% in the 3rd quarter. Empowered Funds LLC now owns 50,314 shares of the company’s stock worth $628,000 after acquiring an additional 2,546 shares during the last quarter. Ritholtz Wealth Management boosted its stake in shares of OP Bancorp by 49.7% in the 3rd quarter. Ritholtz Wealth Management now owns 35,948 shares of the company’s stock valued at $449,000 after purchasing an additional 11,934 shares in the last quarter. Finally, Renaissance Technologies LLC grew its holdings 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 purchasing an additional 32,060 shares during the last quarter. 53.63% of the stock is owned by institutional investors.

OP Bancorp Price Performance

Shares of NASDAQ:OPBK opened at $15.09 on Friday. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.37. The stock has a market cap of $223.51 million, a PE ratio of 10.78 and a beta of 0.66. The company’s fifty day moving average is $16.38 and its 200 day moving average is $13.56. OP Bancorp has a 52 week low of $8.91 and a 52 week high of $18.57.

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

OP Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 21st. Shareholders of record on Thursday, November 7th were given a $0.12 dividend. The ex-dividend date of this dividend was Thursday, November 7th. This represents a $0.48 annualized dividend and a yield of 3.18%. OP Bancorp’s payout ratio is currently 34.29%.

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.