Segall Bryant & Hamill LLC Buys Shares of 133,893 OP Bancorp $OPBK

Segall Bryant & Hamill LLC purchased a new position in OP Bancorp (NASDAQ:OPBK) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 133,893 shares of the company’s stock, valued at approximately $1,864,000. Segall Bryant & Hamill LLC owned 0.90% of OP Bancorp as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Amundi purchased a new stake in OP Bancorp during the first quarter worth $26,000. Police & Firemen s Retirement System of New Jersey purchased a new position in shares of OP Bancorp in the 2nd quarter valued at $33,000. JPMorgan Chase & Co. raised its position in shares of OP Bancorp by 6,423.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 5,675 shares of the company’s stock worth $74,000 after acquiring an additional 5,588 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of OP Bancorp in the 2nd quarter worth $84,000. Finally, Bank of America Corp DE lifted its stake in shares of OP Bancorp by 880.9% during the 4th quarter. Bank of America Corp DE now owns 5,758 shares of the company’s stock worth $91,000 after purchasing an additional 5,171 shares during the last quarter. 53.63% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have commented on OPBK shares. Zacks Research lowered shares of OP Bancorp from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 27th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of OP Bancorp in a report on Monday, December 29th. One analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, OP Bancorp has an average rating of “Hold” and a consensus price target of $16.50.

OP Bancorp Stock Down 1.3%

Shares of OPBK stock opened at $13.12 on Friday. OP Bancorp has a fifty-two week low of $10.43 and a fifty-two week high of $15.27. The firm has a market capitalization of $195.36 million, a PE ratio of 7.67 and a beta of 0.66. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.01 and a current ratio of 1.01. The stock’s 50-day simple moving average is $14.05 and its 200-day simple moving average is $13.93.

OP Bancorp (NASDAQ:OPBK) last released its earnings results on Thursday, January 22nd. The company reported $0.47 EPS for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.05). The firm had revenue of $24.28 million for the quarter, compared to analyst estimates of $24.85 million. OP Bancorp had a return on equity of 11.93% and a net margin of 15.39%. Equities analysts expect that OP Bancorp will post 1.9 earnings per share for the current year.

OP Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 19th. Shareholders of record on Thursday, February 5th were paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 3.7%. The ex-dividend date was Thursday, February 5th. OP Bancorp’s payout ratio is presently 28.07%.

About OP Bancorp

OP Bancorp is the bank holding company for Old Point National Bank, a community-focused financial institution headquartered in Suffolk, Virginia. Through its subsidiary, the company offers a broad range of commercial and consumer banking services designed to meet the needs of businesses, professionals and individuals across the Hampton Roads and Virginia Peninsula regions. Core services include business lending, real estate financing, deposit accounts, cash management solutions and treasury services.

The company’s lending portfolio spans commercial real estate loans, construction and land development financing, equipment loans and lines of credit tailored for small and medium-sized enterprises.