OP Bancorp Declares Quarterly Dividend of $0.14 (NASDAQ:OPBK)

OP Bancorp (NASDAQ:OPBK) declared a quarterly dividend on Thursday, July 23rd. Investors of record on Thursday, August 6th will be given a dividend of 0.14 per share on Thursday, August 20th. This represents a c) annualized dividend and a yield of 3.8%. The ex-dividend date is Thursday, August 6th.

OP Bancorp has raised its dividend by an average of 0.1%annually over the last three years. OP Bancorp has a dividend payout ratio of 30.9% indicating that its dividend is sufficiently covered by earnings. Research analysts expect OP Bancorp to earn $1.98 per share next year, which means the company should continue to be able to cover its $0.56 annual dividend with an expected future payout ratio of 28.3%.

OP Bancorp Price Performance

NASDAQ:OPBK opened at $14.79 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. OP Bancorp has a one year low of $12.41 and a one year high of $15.73. The company has a fifty day moving average price of $14.48 and a 200 day moving average price of $14.10. The stock has a market cap of $220.22 million, a P/E ratio of 8.13 and a beta of 0.60.

OP Bancorp (NASDAQ:OPBK) last posted its quarterly earnings results on Thursday, July 23rd. The company reported $0.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.44 by $0.09. OP Bancorp had a net margin of 16.12% and a return on equity of 12.20%. The company had revenue of $25.72 million for the quarter, compared to analyst estimates of $25.15 million. Analysts anticipate that OP Bancorp will post 1.91 earnings per share for the current year.

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.