OP Bancorp Declares Quarterly Dividend of $0.14 (NASDAQ:OPBK)

OP Bancorp (NASDAQ:OPBK) announced a quarterly dividend on Thursday, July 23rd. Stockholders of record on Thursday, August 6th will be paid a dividend of 0.14 per share on Thursday, August 20th. This represents a c) annualized dividend and a dividend yield of 3.8%. The ex-dividend date is Thursday, August 6th.

OP Bancorp has raised its dividend payment by an average of 0.1%annually over the last three years. OP Bancorp has a payout ratio of 30.9% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect OP Bancorp to earn $1.98 per share next year, which means the company should continue to be able to cover its $0.56 annual dividend with an expected future payout ratio of 28.3%.

OP Bancorp Trading Up 0.4%

Shares of NASDAQ OPBK opened at $14.79 on Friday. The stock has a market cap of $220.22 million, a price-to-earnings ratio of 8.13 and a beta of 0.60. The business has a 50 day simple moving average of $14.48 and a 200 day simple moving average of $14.10. OP Bancorp has a 52 week low of $12.41 and a 52 week high of $15.73. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.01 and a current ratio of 1.02.

OP Bancorp (NASDAQ:OPBK) last released its quarterly earnings data on Thursday, July 23rd. The company reported $0.53 EPS for the quarter, topping analysts’ consensus estimates of $0.44 by $0.09. The firm had revenue of $25.72 million for the quarter, compared to the consensus estimate of $25.15 million. OP Bancorp had a return on equity of 12.20% and a net margin of 16.12%. On average, research analysts predict that OP Bancorp will post 1.91 earnings per share for the current fiscal 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.