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

OP Bancorp (NASDAQ:OPBK) announced a quarterly dividend on Thursday, January 23rd,RTT News reports. Investors of record on Thursday, February 6th will be given a dividend of 0.12 per share on Thursday, February 20th. This represents a $0.48 annualized dividend and a yield of 3.04%.

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% meaning 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 Down 0.1 %

OPBK stock opened at $15.77 on Friday. OP Bancorp has a fifty-two week low of $8.91 and a fifty-two week high of $18.57. 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 stock has a market capitalization of $233.55 million, a price-to-earnings ratio of 11.26 and a beta of 0.66. The business’s fifty day moving average price is $16.33 and its two-hundred day moving average price is $13.96.

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

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.