OP Bancorp (NASDAQ:OPBK) Plans Quarterly Dividend of $0.12

OP Bancorp (NASDAQ:OPBK) announced a quarterly dividend on Thursday, April 25th, Zacks reports. Shareholders of record on Thursday, May 9th will be paid a dividend of 0.12 per share on Thursday, May 23rd. This represents a $0.48 dividend on an annualized basis and a yield of 4.94%. 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 32.9% indicating that its dividend is sufficiently covered by earnings. Research analysts expect OP Bancorp to earn $1.52 per share next year, which means the company should continue to be able to cover its $0.48 annual dividend with an expected future payout ratio of 31.6%.

OP Bancorp Stock Performance

NASDAQ:OPBK opened at $9.71 on Monday. The firm’s 50-day moving average is $9.78 and its 200-day moving average is $9.83. The company has a market cap of $145.26 million, a price-to-earnings ratio of 6.94 and a beta of 0.63. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.01 and a current ratio of 1.01. OP Bancorp has a 52-week low of $7.50 and a 52-week high of $11.49.

Insider Buying and Selling

In other news, Director Brian Choi purchased 4,914 shares of the business’s stock in a transaction on Tuesday, February 6th. The stock was purchased at an average price of $9.95 per share, with a total value of $48,894.30. Following the acquisition, the director now directly owns 1,298,520 shares in the company, valued at approximately $12,920,274. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. 24.88% of the stock is owned by company insiders.

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.