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

Barclays PLC acquired a new stake in OP Bancorp (NASDAQ:OPBK) in the third quarter, Holdings Channel reports. The firm acquired 4,647 shares of the company’s stock, valued at approximately $58,000.

Other large investors have also bought and sold shares of the company. Dimensional Fund Advisors LP lifted its position in shares of OP Bancorp by 8.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 476,934 shares of the company’s stock worth $4,573,000 after purchasing an additional 35,288 shares during the period. Renaissance Technologies LLC lifted its holdings in OP Bancorp by 40.1% in the second quarter. Renaissance Technologies LLC now owns 112,060 shares of the company’s stock valued at $1,075,000 after buying an additional 32,060 shares during the period. Ritholtz Wealth Management boosted its position in OP Bancorp by 49.7% during the third quarter. Ritholtz Wealth Management now owns 35,948 shares of the company’s stock valued at $449,000 after acquiring an additional 11,934 shares during the last quarter. Empowered Funds LLC grew its holdings in OP Bancorp by 5.3% during 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 period. Finally, Connor Clark & Lunn Investment Management Ltd. raised its position in shares of OP Bancorp by 18.2% in the 3rd 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. 53.63% of the stock is owned by institutional investors.

OP Bancorp Stock Down 10.0 %

Shares of OP Bancorp stock opened at $14.19 on Friday. The stock’s 50-day moving average is $16.27 and its 200 day moving average is $14.00. OP Bancorp has a one year low of $8.91 and a one year high of $18.57. The firm has a market cap of $210.15 million, a price-to-earnings ratio of 10.14 and a beta of 0.66. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.00 and a quick ratio of 1.00.

OP Bancorp (NASDAQ:OPBK) last announced its quarterly earnings data 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 return on equity of 10.81% and a net margin of 14.18%. Equities research analysts anticipate that OP Bancorp will post 1.46 EPS for the current year.

OP Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 20th. Stockholders of record on Thursday, February 6th will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Thursday, February 6th. This represents a $0.48 annualized dividend and a dividend yield of 3.38%. OP Bancorp’s dividend 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.