OP Bancorp (NASDAQ:OPBK) Short Interest Update

OP Bancorp (NASDAQ:OPBK) experienced a notable increase in short interest during December. As of December 15th, short interest reached a total of 46,800 shares, representing a 23.5% rise from the previous total of 37,900 shares reported on November 30th. With an average daily trading volume of 27,400 shares, the current short-interest ratio stands at 1.7 days. At present, only 0.4% of OP Bancorp's shares are short sold.

Institutional Inflows and Outflows

Recently, several institutional investors have either increased or decreased their holdings in OP Bancorp. For instance, Dimensional Fund Advisors LP raised its stake by 8.0% in the second quarter, now owning 476,934 shares worth approximately $4,573,000 after acquiring an additional 35,288 shares. Geode Capital Management LLC also increased its position by 2.6% during the third quarter, now holding 118,203 shares valued at $1,476,000 following the purchase of 2,948 shares. Fourthstone LLC entered into a new investment in OP Bancorp during the third quarter with a stake valued around $1,448,000. Furthermore, Renaissance Technologies LLC expanded its holdings by 40.1% in the second quarter, now possessing 112,060 shares worth $1,075,000 after securing an additional 32,060 shares. Finally, ClariVest Asset Management LLC raised its stake by 2.9% in the second quarter, increasing its total to 90,509 shares valued at $868,000 after acquiring 2,528 additional shares. Collectively, hedge funds and institutional investors hold approximately 53.63% of OP Bancorp's shares.

Current Stock Performance

On Friday, OPBK shares traded down by 0.6%, closing at $15.56 after reaching a trading volume of 9,895 shares, below its average volume of 28,236 shares. The company has a 50-day moving average of $16.14 and a 200-day moving average of $13.21. OP Bancorp maintains a debt-to-equity ratio of 0.37, and both its current and quick ratios are at 1.00. Over the past year, the stock has recorded a low of $8.91 and a high of $18.57. OP Bancorp's market capitalization stands at $230.47 million, with a price-to-earnings (P/E) ratio of 11.11 and a beta of 0.64.

On October 24th, OP Bancorp released its quarterly earnings report, revealing an earnings per share (EPS) of $0.36, surpassing the consensus estimate of $0.33 by $0.03. The company's return on equity was 10.81%, with a net margin of 14.18%. Revenue for the quarter was reported at $39.54 million. Analysts predict an EPS of 1.46 for the current fiscal year.

Dividend Announcements

Recently, OP Bancorp declared a quarterly dividend of $0.12 per share, which was paid on November 21st. This dividend represents an annualized payout of $0.48, offering a yield of 3.08%. The ex-dividend date was set for November 7th, and OP Bancorp's dividend payout ratio is currently at 34.29%.

About OP Bancorp

OP Bancorp serves as the holding company for Open Bank, providing a variety of banking products and services primarily in California. They offer demand, checking, savings, money market, and time deposit accounts alongside certificates of deposit. The company is also involved in providing various loans, including commercial real estate, small business administration, commercial and industrial loans, single-family residential loans, as well as home mortgages and trade financing products.

Bancorp, Finance, Investors