OP Bancorp (NASDAQ:OPBK) Posts Earnings Results, Misses Expectations By $0.03 EPS

OP Bancorp (NASDAQ:OPBK) released its quarterly earnings results on Thursday. The company reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.03), Zacks reports. OP Bancorp had a net margin of 14.18% and a return on equity of 10.81%.

OP Bancorp Stock Performance

Shares of OP Bancorp stock opened at $15.77 on Friday. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.00 and a quick ratio of 1.00. The firm has a 50 day simple moving average of $16.33 and a 200 day simple moving average of $13.96. OP Bancorp has a fifty-two week low of $8.91 and a fifty-two week high of $18.57. The firm has a market cap of $233.55 million, a P/E ratio of 11.26 and a beta of 0.66.

OP Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 20th. Stockholders of record on Thursday, February 6th will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 3.04%. OP Bancorp’s dividend payout ratio (DPR) is currently 34.29%.

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.