OP Bancorp Declares Quarterly Dividend of $0.12 (NASDAQ:OPBK)

OP Bancorp (NASDAQ:OPBK) declared a quarterly dividend on Thursday, January 22nd. Stockholders of record on Thursday, February 5th will be given a dividend of 0.12 per share on Thursday, February 19th. This represents a c) annualized dividend and a dividend yield of 3.2%. The ex-dividend date is Thursday, February 5th.

OP Bancorp has increased its dividend by an average of 0.2%per year over the last three years. OP Bancorp has a payout ratio of 26.5% meaning its dividend is sufficiently covered by earnings.

OP Bancorp Stock Performance

Shares of OPBK stock opened at $14.80 on Friday. The firm’s 50 day moving average is $14.07 and its 200 day moving average is $13.83. The stock has a market capitalization of $220.37 million, a P/E ratio of 9.43 and a beta of 0.68. OP Bancorp has a 12 month low of $10.43 and a 12 month high of $16.07. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.34.

OP Bancorp (NASDAQ:OPBK) last issued its earnings results on Thursday, January 22nd. The company reported $0.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.05). The business had revenue of $24.28 million for the quarter, compared to the consensus estimate of $24.85 million. OP Bancorp had a net margin of 14.42% and a return on equity of 11.09%. On average, sell-side analysts anticipate that OP Bancorp will post 1.9 earnings per share for the current year.

About OP Bancorp

OP Bancorp is the bank holding company for Old Point National Bank, a community-focused financial institution headquartered in Suffolk, Virginia. Through its subsidiary, the company offers a broad range of commercial and consumer banking services designed to meet the needs of businesses, professionals and individuals across the Hampton Roads and Virginia Peninsula regions. Core services include business lending, real estate financing, deposit accounts, cash management solutions and treasury services.

The company’s lending portfolio spans commercial real estate loans, construction and land development financing, equipment loans and lines of credit tailored for small and medium-sized enterprises.