Janney Montgomery Scott LLC Sells 802 Shares of OP Bancorp (NASDAQ:OPBK)

Janney Montgomery Scott LLC trimmed its stake in shares of OP Bancorp (NASDAQ:OPBK) by 1.7% during the 4th quarter, Holdings Channel.com reports. The fund owned 46,735 shares of the company’s stock after selling 802 shares during the quarter. Janney Montgomery Scott LLC’s holdings in OP Bancorp were worth $739,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Fourthstone LLC purchased a new position in shares of OP Bancorp in the third quarter valued at about $1,448,000. Ritholtz Wealth Management increased its holdings in OP Bancorp by 49.7% during the 3rd quarter. Ritholtz Wealth Management now owns 35,948 shares of the company’s stock valued at $449,000 after purchasing an additional 11,934 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its holdings in OP Bancorp by 18.2% during the 3rd 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. Barclays PLC purchased a new position in OP Bancorp during the 3rd quarter valued at about $58,000. Finally, Geode Capital Management LLC raised its position in OP Bancorp by 2.6% during the 3rd quarter. Geode Capital Management LLC now owns 118,203 shares of the company’s stock valued at $1,476,000 after purchasing an additional 2,948 shares during the last quarter. 53.63% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

OP Bancorp Price Performance

Shares of NASDAQ OPBK opened at $14.70 on Friday. The company has a 50 day simple moving average of $15.72 and a two-hundred day simple moving average of $14.20. 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 $217.74 million, a price-to-earnings ratio of 10.58 and a beta of 0.64. OP Bancorp has a fifty-two week low of $8.91 and a fifty-two week high of $18.57.

OP Bancorp (NASDAQ:OPBK) last posted its earnings results 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%. Analysts expect that OP Bancorp will post 1.9 EPS for the current fiscal year.

OP Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, February 20th. Investors of record on Thursday, February 6th will be issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 3.27%. The ex-dividend date is Thursday, February 6th. OP Bancorp’s dividend payout ratio is 34.53%.

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.