Op Bancorp stock dividend – OP Bancorp Declares 0.12 Cash Dividend
May 27, 2023
Dividends Yield
On May 26 2023, OP Bancorp declared a 0.12 cash dividend to its shareholders. If you’re looking for dividend stocks, OP BANCORP ($NASDAQ:OPBK) is a stock worth considering. Since 2021, the company has been consistently paying out dividends, with an annual dividend per share of 0.46, 0.44, and 0.34 USD over the last 3 years. Its yields from 2021 through 2023 are 3.88%, 3.68%, and 3.59% respectively, averaging out at a 3.72% dividend yield.
The ex-dividend date for OP BANCORP is May 10 2023, meaning that shareholders on record as of this date will be eligible to receive the upcoming dividend payment. With these attractive dividend yields and consistent dividend payments, OP Bancorp is an attractive stock to consider for those seeking dividend income.
Stock Price
Although the company’s stock opened at $8.1, it closed the day on a high of $8.2, representing an increase of 1.1% from the last closing price. This dividend announcement marks an important milestone for investors as well as the company. This positive move indicates the company’s commitment to reward shareholders for their loyalty and support. Overall, this news is expected to be received positively by the market, and could potentially bring more positive investor sentiment towards OP Bancorp. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Op Bancorp. More…
| Total Revenues | Net Income | Net Margin |
| – | 32.13 | – |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Op Bancorp. More…
| Operations | Investing | Financing |
| 83.73 | -461.78 | 345.56 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Op Bancorp. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 2.17k | 1.99k | – |
Key Ratios Snapshot
Some of the financial key ratios for Op Bancorp are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 19.3% | – | – |
| FCF Margin | ROE | ROA |
| – | – | – |
Analysis – Op Bancorp Stock Intrinsic Value
GoodWhale recently conducted an analysis of OP BANCORP‘s health, and our proprietary Valuation Line came up with a fair value of $12.8 per OP BANCORP share. This means that the current market price of $8.2 is significantly undervalued by 35.7%. We believe this is a great opportunity for investors to buy OP BANCORP stock at a significant discount and potentially benefit from a future price increase. Overall, our analysis suggests that OP BANCORP is in a strong financial position and has the potential to outperform its peers in the industry. We highly recommend that investors take advantage of the current market opportunity and buy OP BANCORP stock at a discounted rate. More…
Peers
OP Bancorp‘s competitors include Primis Financial Corp, Investar Holding Corp, and The Community Financial Corp.
– Primis Financial Corp ($NASDAQ:FRST)
Primis Financial Corp is a specialty finance company that provides financing solutions to small and medium-sized businesses in the United States. The company has a market cap of 317.74M as of 2022. Primis offers a variety of financing products, including working capital loans, equipment loans, and lines of credit. The company also provides merchant cash advances and invoice factoring services.
– Investar Holding Corp ($NASDAQ:ISTR)
As of 2022, Investar Holding Corp has a market cap of 213.27M. The company is a holding company that operates through its subsidiaries in the financial services industry. Its subsidiaries include Investar Bank, which offers commercial banking services; and Investar Mortgage, which offers mortgage banking services.
– The Community Financial Corp ($NASDAQ:TCFC)
The Community Financial Corp is a bank holding company that operates through its subsidiaries. The company provides banking and financial services to individuals and businesses in the United States. It offers a range of deposit products, including checking and savings accounts, money market accounts, and certificates of deposit. The company also provides loans, including home equity loans, auto loans, and personal loans. In addition, it offers credit cards, online banking, and mobile banking services. The Community Financial Corp has a market cap of 213.35M as of 2022.
Summary
OP BANCORP is an attractive option for dividend investors, offering a 3.72% average dividend yield over the past three years with a sustainable payout ratio. The yield for 2021 through 2023 is projected to be 3.88%, 3.68%, and 3.59% respectively, indicating that the company is a reliable dividend payer. Additionally, OP BANCORP has a strong balance sheet, making it a safe investment for those looking for regular income from dividends.
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