OP Bancorp (NASDAQ:OPBK) Declares $0.12 Quarterly Dividend

OP Bancorp (NASDAQ:OPBK) declared a quarterly dividend on Thursday, January 23rd,RTT News reports. Investors of record on Thursday, February 6th will be paid a dividend of 0.12 per share on Thursday, February 20th. This represents a $0.48 annualized dividend and a yield of 3.04%.

OP Bancorp has raised its dividend by an average of 15.7% per year over the last three years. OP Bancorp has a payout ratio of 25.8% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect OP Bancorp to earn $1.51 per share next year, which means the company should continue to be able to cover its $0.48 annual dividend with an expected future payout ratio of 31.8%.

OP Bancorp Price Performance

Shares of NASDAQ:OPBK traded down $0.02 during midday trading on Thursday, hitting $15.77. 36,124 shares of the stock were exchanged, compared to its average volume of 23,797. The stock has a market cap of $233.55 million, a P/E ratio of 11.26 and a beta of 0.66. OP Bancorp has a twelve month low of $8.91 and a twelve month high of $18.57. The company has a 50 day moving average price of $16.33 and a 200-day moving average price of $13.96. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.37.

OP Bancorp (NASDAQ:OPBK) last issued its quarterly earnings data on Thursday, January 23rd. The company reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.03). OP Bancorp had a return on equity of 10.81% and a net margin of 14.18%. On average, research analysts forecast that OP Bancorp will post 1.46 earnings per share for the current year.

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.