OP Bancorp (NASDAQ:OPBK) Issues Quarterly Earnings Results

OP Bancorp (NASDAQ:OPBK) released its earnings results on Thursday. The company reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.06, Zacks reports. OP Bancorp had a return on equity of 11.00% and a net margin of 14.52%. The firm had revenue of $38.54 million for the quarter.

OP Bancorp Trading Up 3.7 %

NASDAQ:OPBK opened at $12.50 on Friday. OP Bancorp has a fifty-two week low of $8.23 and a fifty-two week high of $12.82. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.02 and a quick ratio of 1.01. The stock has a market capitalization of $186.50 million, a PE ratio of 8.93 and a beta of 0.63. The business’s 50-day simple moving average is $10.00 and its 200-day simple moving average is $10.05.

OP Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 22nd. Stockholders of record on Thursday, August 8th will be issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 3.84%. The ex-dividend date is Thursday, August 8th. OP Bancorp’s dividend payout ratio (DPR) is presently 34.29%.

About OP Bancorp

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.