LSV Asset Management Lowers Stock Position in OP Bancorp (NASDAQ:OPBK)

LSV Asset Management trimmed its holdings in shares of OP Bancorp (NASDAQ:OPBK) by 23.2% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 74,100 shares of the company’s stock after selling 22,400 shares during the quarter. LSV Asset Management’s holdings in OP Bancorp were worth $1,172,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Truffle Hound Capital LLC bought a new stake in OP Bancorp during the 4th quarter valued at $9,170,000. Geode Capital Management LLC boosted its position in OP Bancorp by 2.6% during the third quarter. Geode Capital Management LLC now owns 118,203 shares of the company’s stock valued at $1,476,000 after purchasing an additional 2,948 shares in the last quarter. Raymond James Financial Inc. purchased a new position in OP Bancorp in the fourth quarter valued at about $1,568,000. Royce & Associates LP purchased a new position in OP Bancorp in the fourth quarter valued at about $1,494,000. Finally, Connor Clark & Lunn Investment Management Ltd. raised its holdings in OP Bancorp by 41.8% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 87,165 shares of the company’s stock worth $1,378,000 after purchasing an additional 25,698 shares in the last quarter. Institutional investors own 53.63% of the company’s stock.

OP Bancorp Price Performance

NASDAQ OPBK opened at $10.60 on Tuesday. OP Bancorp has a 12-month low of $8.91 and a 12-month high of $18.57. The firm’s fifty day simple moving average is $12.62 and its two-hundred day simple moving average is $14.30. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $158.09 million, a P/E ratio of 7.63 and a beta of 0.54.

OP Bancorp (NASDAQ:OPBK) last issued its earnings results on Thursday, January 23rd. The company reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.03). OP Bancorp had a return on equity of 10.64% and a net margin of 13.68%. Analysts forecast that OP Bancorp will post 1.9 EPS for the current fiscal year.

OP Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 20th. Shareholders of record on Thursday, February 6th were given a $0.12 dividend. The ex-dividend date was Thursday, February 6th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 4.53%. OP Bancorp’s dividend payout ratio (DPR) is currently 34.53%.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods cut their price objective on shares of OP Bancorp from $19.00 to $18.00 and set a “market perform” rating on the stock in a research report on Monday, January 27th.

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.