OP Bancorp (NASDAQ:OPBK – Get Free Report) declared a quarterly dividend on Thursday, April 25th, Zacks reports. Shareholders of record on Thursday, May 9th will be given a dividend of 0.12 per share on Thursday, May 23rd. This represents a $0.48 dividend on an annualized basis and a dividend yield of 5.14%. The ex-dividend date is Wednesday, May 8th.
OP Bancorp has raised its dividend by an average of 19.7% annually over the last three years. OP Bancorp has a dividend payout ratio of 32.7% meaning its dividend is sufficiently covered by earnings.
OP Bancorp Stock Performance
Shares of OPBK traded down $0.09 during trading hours on Friday, reaching $9.34. 42,907 shares of the company traded hands, compared to its average volume of 23,204. The stock has a market capitalization of $139.73 million, a P/E ratio of 6.67 and a beta of 0.62. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.55. The business has a fifty day moving average price of $9.87 and a 200-day moving average price of $9.79. OP Bancorp has a 12-month low of $7.50 and a 12-month high of $11.49.
Insider Buying and Selling
In other OP Bancorp news, Director Brian Choi acquired 4,914 shares of the firm’s stock in a transaction on Tuesday, February 6th. The stock was acquired at an average cost of $9.95 per share, for a total transaction of $48,894.30. Following the purchase, the director now owns 1,298,520 shares in the company, valued at approximately $12,920,274. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 24.88% of the stock is owned by corporate insiders.
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.
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