OP Bancorp (OPBK) To Go Ex-Dividend on February 6th

OP Bancorp (NASDAQ:OPBK) declared a quarterly dividend on Thursday, January 23rd,RTT News reports. Shareholders of record on Thursday, February 6th will be paid a dividend of 0.12 per share on Thursday, February 20th. This represents a $0.48 dividend on an annualized basis and a yield of 3.38%. The ex-dividend date is Thursday, February 6th.

OP Bancorp has raised its dividend by an average of 15.7% annually over the last three years. OP Bancorp has a dividend payout ratio of 25.8% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect OP Bancorp to earn $1.51 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 31.8%.

OP Bancorp Stock Performance

Shares of NASDAQ OPBK opened at $14.19 on Friday. OP Bancorp has a 12 month low of $8.91 and a 12 month high of $18.57. The stock has a 50 day moving average of $16.27 and a 200-day moving average of $14.00. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $210.15 million, a P/E ratio of 10.14 and a beta of 0.66.

OP Bancorp (NASDAQ:OPBK) last issued its quarterly earnings data on Thursday, January 23rd. The company reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.03). OP Bancorp had a net margin of 14.18% and a return on equity of 10.81%. As a group, equities research analysts predict that OP Bancorp will post 1.46 EPS for the current year.

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.