Fourthstone LLC Acquires Shares of 116,006 OP Bancorp (NASDAQ:OPBK)

Fourthstone LLC purchased a new stake in shares of OP Bancorp (NASDAQ:OPBK) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 116,006 shares of the company’s stock, valued at approximately $1,448,000. Fourthstone LLC owned 0.78% of OP Bancorp at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. Ritholtz Wealth Management grew its holdings in shares of OP Bancorp by 44.9% during the 2nd quarter. Ritholtz Wealth Management now owns 24,014 shares of the company’s stock worth $230,000 after acquiring an additional 7,440 shares during the period. O Shaughnessy Asset Management LLC grew its stake in OP Bancorp by 36.6% in the first quarter. O Shaughnessy Asset Management LLC now owns 40,486 shares of the company’s stock worth $404,000 after purchasing an additional 10,854 shares during the period. Russell Investments Group Ltd. raised its holdings in OP Bancorp by 13.7% in the first quarter. Russell Investments Group Ltd. now owns 48,924 shares of the company’s stock worth $488,000 after purchasing an additional 5,896 shares in the last quarter. Empowered Funds LLC lifted its position in OP Bancorp by 5.3% during the third quarter. Empowered Funds LLC now owns 50,314 shares of the company’s stock valued at $628,000 after buying an additional 2,546 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of OP Bancorp by 18.2% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 61,467 shares of the company’s stock valued at $767,000 after buying an additional 9,447 shares in the last quarter. 53.63% of the stock is owned by institutional investors.

OP Bancorp Stock Performance

Shares of NASDAQ:OPBK traded down $0.01 during midday trading on Thursday, reaching $17.43. 10,731 shares of the company’s stock traded hands, compared to its average volume of 28,602. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.00 and a current ratio of 1.00. OP Bancorp has a one year low of $8.57 and a one year high of $18.29. The company has a market cap of $258.17 million, a price-to-earnings ratio of 12.45 and a beta of 0.60. The stock has a 50 day moving average of $14.26 and a 200 day moving average of $12.11.

OP Bancorp (NASDAQ:OPBK) last posted its earnings results on Thursday, October 24th. The company reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.03. The business had revenue of $39.54 million during the quarter. OP Bancorp had a net margin of 14.18% and a return on equity of 10.81%. As a group, equities research analysts anticipate that OP Bancorp will post 1.46 EPS for the current fiscal year.

OP Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 21st. Stockholders of record on Thursday, November 7th were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Thursday, November 7th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.75%. OP Bancorp’s payout ratio is currently 34.29%.

Analyst Upgrades and Downgrades

Separately, Keefe, Bruyette & Woods restated a “market perform” rating and issued a $13.00 price target on shares of OP Bancorp in a research note on Monday, August 26th.

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.