OP Bancorp (NASDAQ:OPBK) Director Soo Hun Jung Purchases 3,000 Shares of Stock

OP Bancorp (NASDAQ:OPBK – Get Rating) Director Soo Hun Jung purchased 3,000 shares of the stock in a transaction dated Wednesday, March 15th. The shares were bought at an average price of $9.24 per share, with a total value of $27,720.00. Following the completion of the acquisition, the director now directly owns 235,468 shares of the company’s stock, valued at approximately $2,175,724.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

OP Bancorp Price Performance

Shares of NASDAQ OPBK traded down $0.38 during mid-day trading on Friday, hitting $9.23. 70,119 shares of the stock traded hands, compared to its average volume of 25,052. The company has a market cap of $140.20 million, a PE ratio of 4.33 and a beta of 0.59. OP Bancorp has a twelve month low of $9.11 and a twelve month high of $14.50. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.96 and a quick ratio of 0.94. The firm has a 50 day simple moving average of $11.12 and a two-hundred day simple moving average of $11.33.

OP Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, February 23rd. Stockholders of record on Thursday, February 9th were paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 5.20%. The ex-dividend date of this dividend was Wednesday, February 8th. OP Bancorp’s payout ratio is 22.54%.

Institutional Trading of OP Bancorp

Several hedge funds and other institutional investors have recently made changes to their positions in the company. The Manufacturers Life Insurance Company raised its holdings in OP Bancorp by 0.8% in the 1st quarter. The Manufacturers Life Insurance Company now owns 894,574 shares of the company’s stock valued at $12,390,000 after buying an additional 6,903 shares during the last quarter. Alliancebernstein L.P. raised its holdings in OP Bancorp by 1.1% during the 4th quarter. Alliancebernstein L.P. now owns 846,677 shares of the company’s stock worth $9,449,000 after purchasing an additional 9,045 shares during the last quarter. KLK Capital Management LLC bought a new position in OP Bancorp during the 3rd quarter worth approximately $8,201,000. Wellington Management Group LLP raised its holdings in OP Bancorp by 24.3% during the 1st quarter. Wellington Management Group LLP now owns 365,537 shares of the company’s stock worth $5,063,000 after purchasing an additional 71,449 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in OP Bancorp by 9.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 275,546 shares of the company’s stock worth $3,074,000 after purchasing an additional 24,496 shares during the last quarter. 48.11% of the stock is currently owned by institutional investors.

About OP Bancorp

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OP Bancorp operates as a bank holding company, which engages in the provision of general commercial banking services through its subsidiary. It offers deposit, lending, online banking, cash management, e-statements, mobile banking, zelle, and wire transfer services. The firm serves the small- and medium-sized businesses, professionals, and residents primarily Korean and other ethnic minority communities.