Short Interest in OP Bancorp (NASDAQ:OPBK) Increases By 26.0%

OP Bancorp (NASDAQ:OPBK) saw a significant increase in short interest in September. As of September 15th, there was short interest totalling 15,500 shares, an increase of 26.0% from the August 31st total of 12,300 shares. Based on an average trading volume of 29,600 shares, the short-interest ratio is presently 0.5 days. Currently, 0.1% of the company’s stock are short sold.

OP Bancorp Stock Performance

Shares of NASDAQ OPBK traded up $0.09 during midday trading on Friday, reaching $12.37. The company had a trading volume of 8,549 shares, compared to its average volume of 28,232. The business’s 50-day simple moving average is $12.32 and its 200 day simple moving average is $10.64. The stock has a market cap of $184.56 million, a P/E ratio of 8.84 and a beta of 0.63. OP Bancorp has a 1 year low of $8.23 and a 1 year high of $13.03. The company has a current ratio of 1.02, a quick ratio of 1.01 and a debt-to-equity ratio of 0.59.

OP Bancorp (NASDAQ:OPBK) last posted its quarterly earnings results on Thursday, July 25th. The company reported $0.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $0.06. The business had revenue of $38.54 million during the quarter. OP Bancorp had a net margin of 14.52% and a return on equity of 10.92%. On average, analysts forecast that OP Bancorp will post 1.39 earnings per share for the current fiscal year.

OP Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 22nd. Investors of record on Thursday, August 8th were issued a dividend of $0.12 per share. The ex-dividend date of this dividend was Thursday, August 8th. This represents a $0.48 annualized dividend and a dividend yield of 3.88%. OP Bancorp’s dividend payout ratio (DPR) is presently 34.29%.

Analyst Ratings Changes

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

Insider Buying and Selling at OP Bancorp

In other OP Bancorp news, insider Ki Won Yoon sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of $12.18, for a total value of $60,900.00. Following the completion of the sale, the insider now directly owns 47,137 shares in the company, valued at $574,128.66. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 21.34% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Ritholtz Wealth Management raised its holdings in shares of OP Bancorp by 44.9% during the second quarter. Ritholtz Wealth Management now owns 24,014 shares of the company’s stock worth $230,000 after purchasing an additional 7,440 shares during the last quarter. O Shaughnessy Asset Management LLC raised its holdings in shares of OP Bancorp by 36.6% during 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 last quarter. Empowered Funds LLC raised its holdings in shares of OP Bancorp by 8.1% during the first quarter. Empowered Funds LLC now owns 44,348 shares of the company’s stock worth $443,000 after purchasing an additional 3,325 shares during the last quarter. Russell Investments Group Ltd. raised its holdings in shares of OP Bancorp by 13.7% during 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 during the last quarter. Finally, ClariVest Asset Management LLC raised its holdings in shares of OP Bancorp by 2.9% during the second quarter. ClariVest Asset Management LLC now owns 90,509 shares of the company’s stock worth $868,000 after purchasing an additional 2,528 shares during the last quarter. Hedge funds and other institutional investors own 53.63% of the company’s stock.

OP Bancorp Company Profile

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.