OP Bancorp $OPBK Shares Sold by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC reduced its holdings in shares of OP Bancorp (NASDAQ:OPBK) by 72.8% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 36,408 shares of the company’s stock after selling 97,485 shares during the period. Segall Bryant & Hamill LLC’s holdings in OP Bancorp were worth $484,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in OPBK. Diversify Wealth Management LLC acquired a new position in shares of OP Bancorp during the 1st quarter valued at $26,511,000. Dimensional Fund Advisors LP boosted its position in OP Bancorp by 4.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 636,128 shares of the company’s stock worth $8,461,000 after purchasing an additional 26,618 shares during the period. Geode Capital Management LLC increased its holdings in OP Bancorp by 118.3% in the 2nd quarter. Geode Capital Management LLC now owns 273,701 shares of the company’s stock valued at $3,556,000 after purchasing an additional 148,299 shares in the last quarter. Maltese Capital Management LLC increased its holdings in OP Bancorp by 11.0% in the 4th quarter. Maltese Capital Management LLC now owns 268,867 shares of the company’s stock valued at $3,796,000 after purchasing an additional 26,700 shares in the last quarter. Finally, Bridgeway Capital Management LLC raised its position in OP Bancorp by 1.2% in the fourth quarter. Bridgeway Capital Management LLC now owns 209,040 shares of the company’s stock valued at $2,952,000 after purchasing an additional 2,462 shares during the period. Institutional investors and hedge funds own 53.63% of the company’s stock.

Wall Street Analysts Forecast Growth

OPBK has been the topic of a number of recent research reports. Wall Street Zen upgraded OP Bancorp from a “hold” rating to a “buy” rating in a research note on Saturday, August 1st. Zacks Research upgraded OP Bancorp from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 29th. Keefe, Bruyette & Woods boosted their price target on OP Bancorp from $17.00 to $17.50 and gave the stock a “market perform” rating in a research report on Monday, July 27th. Weiss Ratings upgraded OP Bancorp from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, June 18th. Finally, DA Davidson increased their price objective on shares of OP Bancorp from $17.00 to $18.00 and gave the company a “buy” rating in a research report on Tuesday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, OP Bancorp presently has a consensus rating of “Buy” and an average target price of $17.75.

OP Bancorp Stock Performance

NASDAQ:OPBK opened at $15.63 on Friday. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.02 and a quick ratio of 1.01. The firm has a 50-day moving average of $14.83 and a two-hundred day moving average of $14.20. The stock has a market cap of $232.73 million, a P/E ratio of 8.10 and a beta of 0.59. OP Bancorp has a 1-year low of $12.41 and a 1-year high of $16.83.

OP Bancorp (NASDAQ:OPBK) last announced its earnings results on Thursday, July 23rd. The company reported $0.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.44 by $0.09. OP Bancorp had a return on equity of 12.74% and a net margin of 16.87%.The business had revenue of $25.72 million for the quarter, compared to analyst estimates of $25.15 million. On average, research analysts expect that OP Bancorp will post 2.06 earnings per share for the current fiscal year.

OP Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 20th. Shareholders of record on Thursday, August 6th will be paid a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date is Thursday, August 6th. OP Bancorp’s dividend payout ratio (DPR) is 29.02%.

OP Bancorp Company Profile

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.