OP Bancorp (OQ:OPBK)
Business Focus: Commercial Banks
Mostly sunny as of April 01, 2024
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Latest 10 SEC Form 4 filings for OPBK*US within the last 6 months
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Company News
Jan 25, 2024 16:15 ET
OP Bancorp Reports Net Income for 2023 Fourth Quarter of $5.2 Million and Diluted Earnings Per Share of $0.34
OP Bancorp (the “Company”) (NASDAQ: OPBK), the holding company of Open Bank (the “Bank”), today reported its financial results for the fourth quarter of 2023. Net income for the fourth quarter of 2023 was $5.2 million, or $0.34 per diluted common share, compared with $5.1 million, or $0.33 per diluted common share, for the third quarter of 2023, and $8.0 million, or $0.51 per diluted common share, for the fourth quarter of 2022. Net income for the full year of 2023 was $23.9 million, or $1.55 per diluted common share, compared with $33.3 million, or $2.14 per diluted common share, for the full
Jan 25, 2024 16:10 ET
OP Bancorp Declares Quarterly Cash Dividend of $0.12 per Share
OP Bancorp (the “Company”) (NASDAQ: OPBK), the holding company of Open Bank (the “Bank”), announced today that its Board of Directors declared a quarterly cash dividend of $0.12 per share of its common stock. The dividend is payable on or about February 22, 2024 to all shareholders of record as of the close of business on February 8, 2024.
Valuation Ratios
Industry
Sector
Beta
0.61
--
--
Price to Sales - TTM
1.69
2.54
3.63
Price to Book - most recent quarter
0.73
0.99
1.32
Price to Cash Flow per share - TTM
5.52
11.59
13.19
Price to Free Cash Flow per share - TTM
2.39
11.90
15.76
Business Summary
| Sector: Financials | Industry: Banks |
OP Bancorp is the holding company for Open Bank (the Bank). The Bank is engaged in commercial banking business in Los Angeles, Orange, and Santa Clara Counties in California, the Dallas metropolitan area in Texas, and Clark County in Nevada. The Bank is focused on serving the banking needs of small- and medium-sized businesses, professionals, and residents with a particular emphasis on Korean and other ethnic minority communities. The Bank's lending activities are diversified and include commercial real estate, commercial and industrial, small business administration (SBA), home mortgage, and consumer loans. The Bank attracts retail deposits through its branch network which offers a range of deposit products for business and consumer banking customers. The Bank operates about 11 full-service branch offices in Downtown Los Angeles, Los Angeles Fashion District, Los Angeles Koreatown, Cerritos, Gardena, Buena Park, and Santa Clara, California, Carrollton, Texas and Las Vegas, Nevada.
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