Stieven Capital Advisors L.P. Sells 24,479 Shares of OP Bancorp (NASDAQ:OPBK)

Stieven Capital Advisors L.P. cut its holdings in shares of OP Bancorp (NASDAQ:OPBK) by 10.0% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 220,986 shares of the company’s stock after selling 24,479 shares during the quarter. Stieven Capital Advisors L.P.’s holdings in OP Bancorp were worth $2,656,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Cubist Systematic Strategies LLC purchased a new position in shares of OP Bancorp during the fourth quarter valued at about $68,000. Bank of America Corp DE grew its position in shares of OP Bancorp by 880.9% during the fourth quarter. Bank of America Corp DE now owns 5,758 shares of the company’s stock valued at $91,000 after purchasing an additional 5,171 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of OP Bancorp during the fourth quarter valued at about $95,000. Barclays PLC grew its position in shares of OP Bancorp by 116.2% during the fourth quarter. Barclays PLC now owns 10,046 shares of the company’s stock valued at $159,000 after purchasing an additional 5,399 shares in the last quarter. Finally, Schonfeld Strategic Advisors LLC purchased a new position in shares of OP Bancorp during the fourth quarter valued at about $274,000. 53.63% of the stock is owned by institutional investors.

OP Bancorp Trading Down 1.2%

Shares of OP Bancorp stock opened at $13.48 on Friday. The firm has a market cap of $200.18 million, a price-to-earnings ratio of 9.49 and a beta of 0.65. The business has a 50-day moving average price of $12.72 and a 200-day moving average price of $13.10. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.36. OP Bancorp has a twelve month low of $10.33 and a twelve month high of $18.57.

OP Bancorp (NASDAQ:OPBK) last issued its quarterly earnings data on Thursday, April 24th. The company reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.07. OP Bancorp had a return on equity of 10.51% and a net margin of 13.61%. The company had revenue of $22.23 million for the quarter, compared to analysts’ expectations of $21.25 million. Equities research analysts anticipate that OP Bancorp will post 1.9 EPS for the current fiscal year.

OP Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 22nd. Shareholders of record on Thursday, May 8th were paid a dividend of $0.12 per share. The ex-dividend date of this dividend was Thursday, May 8th. This represents a $0.48 annualized dividend and a yield of 3.56%. OP Bancorp’s payout ratio is currently 33.80%.

OP Bancorp 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.