7,552 Shares in OP Bancorp (NASDAQ:OPBK) Acquired by AJOVista LLC

AJOVista LLC purchased a new stake in OP Bancorp (NASDAQ:OPBK) in the 4th quarter, according to its most recent filing with the SEC. The fund purchased 7,552 shares of the company’s stock, valued at approximately $83,000.

Other institutional investors also recently bought and sold shares of the company. Dfpg Investments LLC purchased a new stake in OP Bancorp during the fourth quarter valued at about $7,648,000. Ancora Advisors LLC lifted its position in OP Bancorp by 46.0% during the third quarter. Ancora Advisors LLC now owns 91,790 shares of the company’s stock valued at $840,000 after buying an additional 28,940 shares in the last quarter. O Shaughnessy Asset Management LLC increased its position in shares of OP Bancorp by 76.8% in the third quarter. O Shaughnessy Asset Management LLC now owns 34,942 shares of the company’s stock worth $320,000 after acquiring an additional 15,176 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of OP Bancorp by 58.1% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 27,592 shares of the company’s stock valued at $252,000 after acquiring an additional 10,135 shares during the period. Finally, Assenagon Asset Management S.A. boosted its position in OP Bancorp by 157.4% during the 3rd quarter. Assenagon Asset Management S.A. now owns 34,734 shares of the company’s stock worth $318,000 after purchasing an additional 21,240 shares during the period. 53.63% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at OP Bancorp

In related news, Director Brian Choi acquired 4,914 shares of OP Bancorp stock in a transaction on Tuesday, February 6th. The shares were purchased at an average cost of $9.95 per share, for a total transaction of $48,894.30. Following the purchase, the director now directly owns 1,298,520 shares of the company’s stock, valued at approximately $12,920,274. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 24.88% of the stock is currently owned by company insiders.

OP Bancorp Stock Up 1.3 %

Shares of OPBK traded up $0.12 during midday trading on Friday, reaching $9.71. 26,705 shares of the company were exchanged, compared to its average volume of 32,053. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.55. OP Bancorp has a 1-year low of $7.50 and a 1-year high of $11.49. The company has a market cap of $145.26 million, a price-to-earnings ratio of 6.94 and a beta of 0.63. The stock has a 50-day moving average price of $9.78 and a 200-day moving average price of $9.82.

OP Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 23rd. Investors of record on Thursday, May 9th will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 4.94%. The ex-dividend date of this dividend is Wednesday, May 8th. OP Bancorp’s dividend payout ratio (DPR) is 34.29%.

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.