Assenagon Asset Management S.A. Has $318,000 Stake in OP Bancorp (NASDAQ:OPBK)

Assenagon Asset Management S.A. increased its holdings in shares of OP Bancorp (NASDAQ:OPBKFree Report) by 157.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 34,734 shares of the company’s stock after buying an additional 21,240 shares during the quarter. Assenagon Asset Management S.A.’s holdings in OP Bancorp were worth $318,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of OPBK. Raymond James & Associates bought a new stake in shares of OP Bancorp in the first quarter valued at about $149,000. Bank of New York Mellon Corp increased its holdings in shares of OP Bancorp by 10.5% during the first quarter. Bank of New York Mellon Corp now owns 56,295 shares of the company’s stock worth $781,000 after purchasing an additional 5,331 shares during the period. American Century Companies Inc. increased its stake in OP Bancorp by 30.1% during the 1st quarter. American Century Companies Inc. now owns 55,968 shares of the company’s stock worth $775,000 after acquiring an additional 12,934 shares during the period. Dimensional Fund Advisors LP raised its stake in OP Bancorp by 61.2% in the first quarter. Dimensional Fund Advisors LP now owns 115,923 shares of the company’s stock valued at $1,606,000 after purchasing an additional 43,991 shares in the last quarter. Finally, Renaissance Technologies LLC raised its position in shares of OP Bancorp by 4.0% in the 1st quarter. Renaissance Technologies LLC now owns 161,600 shares of the company’s stock valued at $2,238,000 after buying an additional 6,200 shares in the last quarter. Institutional investors and hedge funds own 45.17% of the company’s stock.

OP Bancorp Stock Down 1.0 %

NASDAQ OPBK opened at $9.67 on Thursday. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.01 and a quick ratio of 1.01. OP Bancorp has a fifty-two week low of $7.50 and a fifty-two week high of $11.74. The stock has a market capitalization of $145.04 million, a PE ratio of 6.28 and a beta of 0.64. The business has a fifty day moving average price of $10.55 and a two-hundred day moving average price of $9.64.

OP Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, February 22nd. Investors of record on Thursday, February 8th will be paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 4.96%. The ex-dividend date is Wednesday, February 7th. OP Bancorp’s dividend payout ratio is presently 31.17%.

Insider Activity

In related news, Director Brian Choi bought 4,914 shares of the business’s stock in a transaction that occurred on Tuesday, February 6th. The shares were acquired at an average cost of $9.95 per share, with a total value of $48,894.30. Following the completion of the purchase, the director now directly owns 1,298,520 shares in the company, valued at $12,920,274. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 24.88% of the stock is owned by company insiders.

OP Bancorp Profile

(Free Report)

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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Institutional Ownership by Quarter for OP Bancorp (NASDAQ:OPBK)

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