Insider Selling: OP Bancorp (NASDAQ:OPBK) CFO Sells $12,367.78 in Stock

OP Bancorp (NASDAQ:OPBK) CFO Jaehyun Park sold 958 shares of the business’s stock in a transaction that occurred on Thursday, March 12th. The shares were sold at an average price of $12.91, for a total transaction of $12,367.78. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

OP Bancorp Stock Down 0.2%

OP Bancorp stock opened at $12.95 on Friday. OP Bancorp has a twelve month low of $10.43 and a twelve month high of $15.27. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.01 and a current ratio of 1.01. The firm has a market cap of $192.83 million, a PE ratio of 7.57 and a beta of 0.66. The firm’s 50 day moving average price is $13.94 and its two-hundred day moving average price is $13.90.

OP Bancorp (NASDAQ:OPBK) last issued its earnings results on Thursday, January 22nd. The company reported $0.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.05). OP Bancorp had a net margin of 15.39% and a return on equity of 11.93%. The company had revenue of $24.28 million for the quarter, compared to analyst estimates of $24.85 million. On average, research analysts predict that OP Bancorp will post 1.9 EPS for the current fiscal year.

OP Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 19th. Investors of record on Thursday, February 5th were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Thursday, February 5th. This represents a $0.48 dividend on an annualized basis and a yield of 3.7%. OP Bancorp’s dividend payout ratio (DPR) is presently 28.07%.

Analysts Set New Price Targets

A number of research analysts have commented on OPBK shares. Weiss Ratings restated a “hold (c+)” rating on shares of OP Bancorp in a research note on Monday, December 29th. Zacks Research lowered OP Bancorp from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 27th. One investment analyst has rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $16.50.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Acadian Asset Management LLC boosted its holdings in OP Bancorp by 7.5% in the second quarter. Acadian Asset Management LLC now owns 291,491 shares of the company’s stock worth $3,782,000 after purchasing an additional 20,379 shares in the last quarter. Segall Bryant & Hamill LLC acquired a new position in OP Bancorp during the third quarter worth $1,864,000. Connor Clark & Lunn Investment Management Ltd. raised its holdings in OP Bancorp by 45.4% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 129,342 shares of the company’s stock valued at $1,680,000 after buying an additional 40,414 shares in the last quarter. Diversify Advisory Services LLC raised its holdings in OP Bancorp by 145.4% during the third quarter. Diversify Advisory Services LLC now owns 1,840,941 shares of the company’s stock valued at $24,595,000 after buying an additional 1,090,687 shares in the last quarter. Finally, Fourthstone LLC lifted its position in shares of OP Bancorp by 128.3% in the second quarter. Fourthstone LLC now owns 263,790 shares of the company’s stock worth $3,427,000 after buying an additional 148,238 shares during the last quarter. Institutional investors own 53.63% of the company’s stock.

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.