Short Interest in OP Bancorp (NASDAQ:OPBK) Decreases By 47.7%

OP Bancorp (NASDAQ:OPBKGet Rating) was the target of a significant decline in short interest in April. As of April 15th, there was short interest totalling 24,900 shares, a decline of 47.7% from the March 31st total of 47,600 shares. Based on an average daily volume of 65,900 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.2% of the company’s stock are short sold.

OP Bancorp stock traded down $0.60 during trading hours on Friday, reaching $12.96. The stock had a trading volume of 90,203 shares, compared to its average volume of 47,055. The company has a market cap of $196.21 million, a price-to-earnings ratio of 6.23 and a beta of 0.52. The business’s 50 day moving average price is $13.56 and its 200-day moving average price is $13.04. OP Bancorp has a 52 week low of $9.51 and a 52 week high of $14.86.

OP Bancorp (NASDAQ:OPBKGet Rating) last announced its earnings results on Thursday, January 27th. The company reported $0.59 EPS for the quarter. The business had revenue of $24.39 million during the quarter. OP Bancorp had a net margin of 35.99% and a return on equity of 18.53%. On average, equities analysts anticipate that OP Bancorp will post 2.22 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 26th. Shareholders of record on Thursday, May 12th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Wednesday, May 11th. This represents a $0.40 dividend on an annualized basis and a yield of 3.09%. OP Bancorp’s dividend payout ratio is presently 19.23%.

About OP Bancorp (Get Rating)

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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