OP Bancorp (NASDAQ:OPBK – Get Free Report) declared 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 dividend on an annualized basis and a yield of 3.84%. The ex-dividend date is Thursday, August 8th.
OP Bancorp has raised its dividend by an average of 19.7% annually over the last three years. OP Bancorp has a dividend payout ratio of 34.5% indicating that its dividend is sufficiently covered by earnings. 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 Up 3.7 %
Shares of OP Bancorp stock traded up $0.45 during trading hours on Friday, reaching $12.50. 269,362 shares of the company were exchanged, compared to its average volume of 21,834. OP Bancorp has a 1 year low of $8.23 and a 1 year high of $12.82. The stock’s fifty day moving average is $10.00 and its 200 day moving average is $10.06. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.01 and a current ratio of 1.02. The firm has a market cap of $186.50 million, a PE ratio of 8.93 and a beta of 0.63.
About OP Bancorp
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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