DA Davidson Issues Negative Estimate for OP Bancorp Earnings

OP Bancorp (NASDAQ:OPBK) – Stock analysts at DA Davidson decreased their FY2025 earnings per share (EPS) estimates for shares of OP Bancorp in a note issued to investors on Monday, July 28th. DA Davidson analyst G. Tenner now forecasts that the company will post earnings per share of $1.70 for the year, down from their prior forecast of $1.71. The consensus estimate for OP Bancorp’s current full-year earnings is $1.90 per share.

Separately, Keefe, Bruyette & Woods boosted their price target on shares of OP Bancorp from $15.00 to $15.50 and gave the company a “market perform” rating in a report on Monday.

OP Bancorp Stock Performance

NASDAQ:OPBK opened at $13.14 on Wednesday. The company has a 50-day moving average of $12.85 and a 200-day moving average of $12.93. The firm has a market cap of $195.13 million, a price-to-earnings ratio of 8.88 and a beta of 0.65. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.36. OP Bancorp has a twelve month low of $10.43 and a twelve month high of $18.57.

OP Bancorp (NASDAQ:OPBK) last released its quarterly earnings data on Thursday, July 24th. The company reported $0.42 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.42. OP Bancorp had a net margin of 13.91% and a return on equity of 10.81%. The business had revenue of $23.69 million for the quarter, compared to analysts’ expectations of $22.85 million.

OP Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 21st. Stockholders of record on Thursday, August 7th will be given a $0.12 dividend. The ex-dividend date is Thursday, August 7th. This represents a $0.48 annualized dividend and a dividend yield of 3.65%. OP Bancorp’s dividend payout ratio is currently 32.43%.

Hedge Funds Weigh In On OP Bancorp

Several institutional investors have recently modified their holdings of the stock. Rhino Investment Partners Inc lifted its position in OP Bancorp by 18.6% during the 4th quarter. Rhino Investment Partners Inc now owns 565,494 shares of the company’s stock worth $8,940,000 after buying an additional 88,869 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in OP Bancorp by 3.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 514,902 shares of the company’s stock valued at $8,140,000 after purchasing an additional 18,709 shares in the last quarter. Acadian Asset Management LLC increased its position in shares of OP Bancorp by 15.2% during the 1st quarter. Acadian Asset Management LLC now owns 271,112 shares of the company’s stock worth $3,254,000 after purchasing an additional 35,708 shares during the last quarter. Bridgeway Capital Management LLC raised its stake in shares of OP Bancorp by 0.4% during the 4th quarter. Bridgeway Capital Management LLC now owns 228,379 shares of the company’s stock worth $3,611,000 after purchasing an additional 915 shares in the last quarter. Finally, Susquehanna International Group LLP raised its stake in shares of OP Bancorp by 161.3% during the 4th quarter. Susquehanna International Group LLP now owns 156,342 shares of the company’s stock worth $2,472,000 after purchasing an additional 96,519 shares in the last quarter. 53.63% of the stock is currently owned by institutional investors and hedge funds.

About OP Bancorp

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.