Stieven Capital Advisors L.P. Reduces Stock Position in OP Bancorp (NASDAQ:OPBK)

Stieven Capital Advisors L.P. trimmed its holdings in shares of OP Bancorp (NASDAQ:OPBK) by 12.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 245,465 shares of the company’s stock after selling 35,403 shares during the quarter. Stieven Capital Advisors L.P. owned 1.66% of OP Bancorp worth $3,881,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Barclays PLC bought a new stake in OP Bancorp during the 3rd quarter valued at about $58,000. Ritholtz Wealth Management increased its position in shares of OP Bancorp by 10.4% during the fourth quarter. Ritholtz Wealth Management now owns 39,688 shares of the company’s stock worth $627,000 after acquiring an additional 3,740 shares during the period. Empowered Funds LLC raised its stake in shares of OP Bancorp by 5.3% during the third quarter. Empowered Funds LLC now owns 50,314 shares of the company’s stock valued at $628,000 after acquiring an additional 2,546 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of OP Bancorp by 18.2% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 61,467 shares of the company’s stock valued at $767,000 after purchasing an additional 9,447 shares during the period. Finally, Fourthstone LLC bought a new position in OP Bancorp in the third quarter worth approximately $1,448,000. 53.63% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods lowered their target price on OP Bancorp from $19.00 to $18.00 and set a “market perform” rating for the company in a report on Monday, January 27th.

OP Bancorp Trading Down 0.2 %

NASDAQ OPBK opened at $14.42 on Friday. OP Bancorp has a one year low of $8.91 and a one year high of $18.57. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.00 and a current ratio of 1.00. The company has a market capitalization of $213.56 million, a price-to-earnings ratio of 10.37 and a beta of 0.64. The company’s 50-day simple moving average is $15.32 and its two-hundred day simple moving average is $14.32.

OP Bancorp (NASDAQ:OPBK) last issued its quarterly earnings data on Thursday, January 23rd. The company reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.03). OP Bancorp had a net margin of 13.68% and a return on equity of 10.64%. Equities analysts forecast 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 will be paid on Thursday, February 20th. Investors of record on Thursday, February 6th will be paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.33%. The ex-dividend date of this dividend is Thursday, February 6th. OP Bancorp’s dividend payout ratio (DPR) is currently 34.53%.

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.