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

AJOVista LLC bought a new position in shares of OP Bancorp (NASDAQ:OPBK) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 7,552 shares of the company’s stock, valued at approximately $83,000. AJOVista LLC owned approximately 0.05% of OP Bancorp at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Raymond James & Associates acquired a new position in OP Bancorp in the third quarter worth approximately $92,000. Connor Clark & Lunn Investment Management Ltd. grew its position in OP Bancorp by 58.1% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 27,592 shares of the company’s stock worth $252,000 after purchasing an additional 10,135 shares in the last quarter. Assenagon Asset Management S.A. boosted its stake in shares of OP Bancorp by 157.4% during the 3rd quarter. Assenagon Asset Management S.A. now owns 34,734 shares of the company’s stock valued at $318,000 after buying an additional 21,240 shares during the period. O Shaughnessy Asset Management LLC boosted its stake in shares of OP Bancorp by 76.8% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 34,942 shares of the company’s stock valued at $320,000 after buying an additional 15,176 shares during the period. Finally, Ancora Advisors LLC boosted its stake in shares of OP Bancorp by 46.0% during the 3rd 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 during the period. Institutional investors own 53.63% of the company’s stock.

Insiders Place Their Bets

In related news, Director Brian Choi bought 4,914 shares of OP Bancorp stock in a transaction dated Tuesday, February 6th. The shares were bought at an average cost of $9.95 per share, for a total transaction of $48,894.30. Following the completion of the transaction, the director now owns 1,298,520 shares of the company’s stock, valued at $12,920,274. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 24.88% of the company’s stock.

OP Bancorp Stock Up 1.3 %

Shares of OPBK stock traded up $0.12 on Friday, hitting $9.71. The company’s stock had a trading volume of 26,705 shares, compared to its average volume of 32,053. The stock has a market capitalization of $145.26 million, a price-to-earnings ratio of 6.94 and a beta of 0.63. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.01 and a quick ratio of 1.01. OP Bancorp has a fifty-two week low of $7.50 and a fifty-two week high of $11.49. The firm’s fifty day moving average price is $9.78 and its 200-day moving average price is $9.82.

OP Bancorp Announces Dividend

The firm also recently announced 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. The ex-dividend date of this dividend is Wednesday, May 8th. This represents a $0.48 dividend on an annualized basis and a yield of 4.94%. OP Bancorp’s payout ratio is currently 34.29%.

OP Bancorp Company 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.