Zacks: Analysts Anticipate OP Bancorp (NASDAQ:OPBK) Will Post Earnings of $0.25 Per Share


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Brokerages forecast that OP Bancorp (NASDAQ:OPBK) will report $0.25 earnings per share for the current fiscal quarter, according to Zacks. Zero analysts have provided estimates for OP Bancorp’s earnings. OP Bancorp posted earnings per share of $0.21 in the same quarter last year, which would suggest a positive year over year growth rate of 19%. The business is expected to report its next earnings report on Thursday, April 22nd.

According to Zacks, analysts expect that OP Bancorp will report full-year earnings of $1.11 per share for the current year. For the next year, analysts expect that the company will report earnings of $1.32 per share. Zacks’ earnings per share averages are an average based on a survey of research firms that that provide coverage for OP Bancorp.

OP Bancorp (NASDAQ:OPBK) last issued its quarterly earnings results on Thursday, January 28th. The company reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.02. The firm had revenue of $15.57 million during the quarter. OP Bancorp had a return on equity of 9.65% and a net margin of 20.80%.

Separately, Keefe, Bruyette & Woods upgraded shares of OP Bancorp from a “market perform” rating to an “outperform” rating in a report on Monday, February 8th.

Shares of NASDAQ OPBK opened at $10.15 on Friday. OP Bancorp has a 52-week low of $5.54 and a 52-week high of $12.39. The company’s 50 day moving average price is $10.56. The firm has a market capitalization of $152.53 million, a PE ratio of 11.80 and a beta of 0.62. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.02 and a quick ratio of 0.98.

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 25th. Stockholders of record on Thursday, February 11th were given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 2.76%. The ex-dividend date of this dividend was Wednesday, February 10th. OP Bancorp’s payout ratio is presently 27.18%.

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 certificate of deposits. The company also provides commercial real estate, small business administration, commercial and industrial business, single-family residential, term, and consumer loans; trade financing products; letters of credit, and SWIFT and export advice; and home mortgage loans.

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