Op Bancorp (OTCMKTS:OPBK) Director Brian Choi acquired 2,311 shares of the firm’s stock in a transaction dated Thursday, July 30th. The stock was purchased at an average cost of $6.20 per share, with a total value of $14,328.20. Following the completion of the acquisition, the director now directly owns 917,315 shares of the company’s stock, valued at approximately $5,687,353. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

  • On Thursday, June 11th, Brian Choi acquired 9,179 shares of Op Bancorp stock. The stock was purchased at an average cost of $6.41 per share, with a total value of $58,837.39.
  • On Friday, May 22nd, Brian Choi acquired 10,000 shares of Op Bancorp stock. The stock was purchased at an average cost of $6.13 per share, with a total value of $61,300.00.
  • On Thursday, May 14th, Brian Choi acquired 6,000 shares of Op Bancorp stock. The stock was purchased at an average cost of $6.15 per share, with a total value of $36,900.00.
  • On Friday, May 8th, Brian Choi acquired 15,000 shares of Op Bancorp stock. The stock was purchased at an average cost of $6.10 per share, with a total value of $91,500.00.

OPBK stock opened at $6.22 on Friday. The business has a 50 day simple moving average of $6.59 and a 200-day simple moving average of $7.63. Op Bancorp has a twelve month low of $5.54 and a twelve month high of $10.72.

Op Bancorp (OTCMKTS:OPBK) last issued its quarterly earnings results on Thursday, July 23rd. The company reported $0.16 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.13 by $0.03. The company had revenue of $12.71 million for the quarter, compared to analyst estimates of $13.40 million.

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 20th. Investors of record on Thursday, August 6th will be issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 4.50%. The ex-dividend date is Wednesday, August 5th.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Alliancebernstein L.P. lifted its holdings in shares of Op Bancorp by 0.5% during the fourth quarter. Alliancebernstein L.P. now owns 516,250 shares of the company’s stock worth $5,354,000 after purchasing an additional 2,323 shares during the period. Strs Ohio lifted its holdings in Op Bancorp by 9.1% in the second quarter. Strs Ohio now owns 40,800 shares of the company’s stock valued at $281,000 after acquiring an additional 3,400 shares during the period. State Street Corp lifted its holdings in Op Bancorp by 2.0% in the first quarter. State Street Corp now owns 206,499 shares of the company’s stock valued at $1,540,000 after acquiring an additional 4,085 shares during the period. UBS Group AG lifted its holdings in Op Bancorp by 36.1% in the fourth quarter. UBS Group AG now owns 16,695 shares of the company’s stock valued at $173,000 after acquiring an additional 4,430 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in Op Bancorp by 5.1% in the fourth quarter. Geode Capital Management LLC now owns 150,153 shares of the company’s stock valued at $1,557,000 after acquiring an additional 7,252 shares during the period.

Separately, Zacks Investment Research raised Op Bancorp from a “sell” rating to a “hold” rating in a report on Saturday.

About Op Bancorp

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 certificate of deposits. The company also provides commercial real estate, small business administration, commercial and industrial business, single-family residential, term, and consumer loans; trade financing products; letters of credit, and SWIFT and export advice; and home mortgage loans.

See Also: Do investors pay a separate front-end load every time they buy additional shares?

Insider Buying and Selling by Quarter for Op Bancorp (OTCMKTS:OPBK)

Receive News & Ratings for Op Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Op Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.