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

OP Bancorp (NASDAQ:OPBK) announced a quarterly dividend on Thursday, July 25th, Zacks reports. Shareholders of record on Thursday, August 8th will be given a dividend of 0.12 per share on Thursday, August 22nd. This represents a $0.48 annualized dividend and a yield of 3.84%. The ex-dividend date of this dividend is Thursday, August 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 34.5% indicating that its dividend is sufficiently covered by earnings. Research analysts expect OP Bancorp to earn $1.52 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 31.6%.

OP Bancorp Stock Performance

OP Bancorp stock opened at $12.50 on Friday. The company has a quick ratio of 1.01, a current ratio of 1.02 and a debt-to-equity ratio of 0.54. The company has a market capitalization of $186.50 million, a PE ratio of 8.93 and a beta of 0.63. The firm has a fifty day simple moving average of $10.00 and a two-hundred day simple moving average of $10.06. OP Bancorp has a twelve month low of $8.23 and a twelve month high of $12.82.

OP Bancorp (NASDAQ:OPBK) last posted its quarterly earnings results on Thursday, July 25th. The company reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.06. The business had revenue of $38.54 million during the quarter. OP Bancorp had a net margin of 14.52% and a return on equity of 11.00%. Research analysts expect that OP Bancorp will post 1.3 EPS 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.