OP Bancorp (NASDAQ:OPBK – Get Free Report) declared a quarterly dividend on Thursday, April 25th, Zacks reports. Stockholders of record on Thursday, May 9th will be given a dividend of 0.12 per share on Thursday, May 23rd. This represents a $0.48 dividend on an annualized basis and a dividend yield of 5.14%. The ex-dividend date of this dividend is Wednesday, May 8th.
OP Bancorp has increased its dividend payment by an average of 19.7% annually over the last three years. OP Bancorp has a payout ratio of 32.7% meaning its dividend is sufficiently covered by earnings.
OP Bancorp Price Performance
Shares of OPBK traded down $0.09 during trading hours on Friday, reaching $9.34. 42,907 shares of the company traded hands, compared to its average volume of 23,204. The stock has a market capitalization of $139.73 million, a PE ratio of 6.67 and a beta of 0.62. The stock has a fifty day simple moving average of $9.87 and a 200 day simple moving average of $9.79. OP Bancorp has a fifty-two week low of $7.50 and a fifty-two week high of $11.49. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.55.
Insider Activity at OP Bancorp
In other OP Bancorp news, Director Brian Choi purchased 4,914 shares of OP Bancorp stock in a transaction on Tuesday, February 6th. The shares were bought at an average price of $9.95 per share, with a total value of $48,894.30. Following the purchase, the director now directly owns 1,298,520 shares in the company, valued at approximately $12,920,274. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 24.88% of the company’s stock.
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.
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