OP Bancorp (OTCMKTS:OPBK – Get Rating) Director Brian Choi purchased 10,000 shares of the firm’s stock in a transaction on Monday, June 13th. The stock was bought at an average cost of $10.71 per share, with a total value of $107,100.00. Following the completion of the purchase, the director now owns 1,030,360 shares of the company’s stock, valued at approximately $11,035,155.60. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Brian Choi also recently made the following trade(s):

• On Thursday, June 9th, Brian Choi purchased 10,000 shares of OP Bancorp stock. The stock was bought at an average cost of $11.60 per share, with a total value of $116,000.00.

Shares of OTCMKTS:OPBK traded down $0.12 during midday trading on Wednesday, hitting $10.58. 133,174 shares of the company’s stock were exchanged, compared to its average volume of 58,859. The stock has a 50 day moving average price of $12.52 and a 200-day moving average price of $13.03. OP Bancorp has a 12 month low of $9.51 and a 12 month high of $14.86.

OP Bancorp (OTCMKTS:OPBK – Get Rating) last posted its earnings results on Thursday, April 28th. The company reported $0.53 EPS for the quarter, topping the consensus estimate of $0.52 by $0.01. The business had revenue of $21.51 million for the quarter.

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 26th. Stockholders of record on Thursday, May 12th were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 3.78%. The ex-dividend date of this dividend was Wednesday, May 11th.

Separately, Keefe, Bruyette & Woods downgraded shares of OP Bancorp from an “outperform” rating to a “market perform” rating and decreased their price target for the company from $18.50 to $15.00 in a research note on Thursday, June 2nd.

A number of institutional investors have recently added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company boosted its holdings in OP Bancorp by 0.8% during the first quarter. The Manufacturers Life Insurance Company now owns 894,574 shares of the company’s stock worth $12,390,000 after purchasing an additional 6,903 shares during the last quarter. Alliancebernstein L.P. boosted its holdings in OP Bancorp by 11.5% during the fourth quarter. Alliancebernstein L.P. now owns 739,931 shares of the company’s stock worth $9,442,000 after purchasing an additional 76,439 shares during the last quarter. Stieven Capital Advisors L.P. boosted its holdings in OP Bancorp by 23.9% during the fourth quarter. Stieven Capital Advisors L.P. now owns 458,505 shares of the company’s stock worth $5,851,000 after purchasing an additional 88,509 shares during the last quarter. Wellington Management Group LLP boosted its holdings in OP Bancorp by 24.3% during the first 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, Acadian Asset Management LLC boosted its holdings in OP Bancorp by 9.9% during the first quarter. Acadian Asset Management LLC now owns 311,188 shares of the company’s stock worth $4,306,000 after purchasing an additional 28,065 shares during the last quarter.

About OP Bancorp (Get Rating)

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.

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