<div id="readability-page-1"><p>Truffle Hound Capital LLC lowered its holdings in shares of  OP Bancorp (NASDAQ:OPBK - Free Report) by 28.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 400,000 shares of the company's stock after selling 160,000 shares during the period. OP Bancorp accounts for  1.3% of Truffle Hound Capital LLC's investment portfolio, making the stock its 13th largest holding. Truffle Hound Capital LLC owned 2.69% of OP Bancorp worth $5,196,000 as of its most recent SEC filing.</p><p>Several other hedge funds and other institutional investors also recently bought and sold shares of OPBK. Geode Capital Management LLC increased its stake in  OP Bancorp by 118.3% in the second quarter. Geode Capital Management LLC now owns 273,701 shares of the company's stock valued at $3,556,000 after purchasing an additional 148,299 shares during the period.  Connor Clark &amp; Lunn Investment Management Ltd. grew its holdings in shares of  OP Bancorp by 45.4% during the second quarter. Connor Clark &amp; Lunn Investment Management Ltd. now owns 129,342 shares of the company's stock worth $1,680,000 after buying an additional 40,414 shares during the last quarter.  Acadian Asset Management LLC grew its holdings in shares of  OP Bancorp by 15.2% during the first quarter. Acadian Asset Management LLC now owns 271,112 shares of the company's stock worth $3,254,000 after buying an additional 35,708 shares during the last quarter.  Jane Street Group LLC increased its position in  OP Bancorp by 124.6% in the 1st quarter. Jane Street Group LLC now owns 45,394 shares of the company's stock valued at $546,000 after acquiring an additional 25,181 shares during the period.  Finally, Goldman Sachs Group Inc. increased its position in  OP Bancorp by 45.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 62,824 shares of the company's stock valued at $755,000 after acquiring an additional 19,758 shares during the period. 53.63% of the stock is owned by hedge funds and other institutional investors. </p><h2>OP Bancorp Stock Performance</h2><p>NASDAQ OPBK opened at $12.65 on Tuesday. The stock has a market capitalization of $188.36 million, a price-to-earnings ratio of 8.06 and a beta of 0.74. The business's 50 day moving average is $13.72 and its two-hundred day moving average is $13.34. OP Bancorp has a 12-month low of $10.43 and a 12-month high of $18.57. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.34. </p><p>OP Bancorp (NASDAQ:OPBK - Get Free Report) last posted its quarterly earnings results on Thursday, October 23rd. The company reported $0.45 EPS for the quarter, beating the consensus estimate of $0.44 by $0.01. OP Bancorp had a return on equity of 11.09% and a net margin of 14.42%.The business had revenue of $24.48 million during the quarter, compared to analysts' expectations of $24.25 million.  Research analysts expect that  OP Bancorp will post 1.9 EPS for the current year. </p><h2>OP Bancorp Dividend Announcement</h2><p>The business also recently announced a quarterly dividend, which will be paid on Thursday, November 20th. Shareholders of record on Thursday, November 6th will be given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 3.8%. The ex-dividend date is Thursday, November 6th. OP Bancorp's payout ratio is presently 30.57%. </p><h2>Analyst Ratings Changes</h2><p>A number of analysts have weighed in on the company. Weiss Ratings  reaffirmed a &#34;hold (c+)&#34; rating on shares of OP Bancorp in a research report on Thursday. Keefe, Bruyette &amp; Woods upped their price target on OP Bancorp from $15.50 to $16.00 and gave the stock a &#34;market perform&#34; rating in a research note on Monday, October 27th. Zacks Research raised OP Bancorp from a &#34;hold&#34; rating to a &#34;strong-buy&#34; rating in a report on Wednesday, October 29th. Finally, DA Davidson lifted their price objective on shares of OP Bancorp from $16.50 to $17.00 and gave the company a &#34;buy&#34; rating in a research report on Tuesday, October 28th. One equities research analyst  has rated the stock with a Strong Buy rating, one  has assigned  a Buy rating and two have assigned  a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of &#34;Moderate Buy&#34; and a consensus target price of $16.50.</p><p><b>Check Out Our Latest Report on OP Bancorp</b></p><h2>OP Bancorp Profile</h2> (Free Report)<p>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.</p><h2>See Also</h2><ul><li>Five stocks we like better than OP Bancorp</li><li>Using the MarketBeat Dividend Yield Calculator</li><li>Seagate Stock Could Soar as AI Drives Storage Demand</li><li>Stock Ratings and Recommendations: Understanding Analyst Ratings</li><li>Whirlpool’s Worst May Be Over—Upside Opportunity Ahead</li><li>Dividend Payout Ratio Calculator</li><li>These 3 Beaten-Down Stocks Could Be Your Best Buying Opportunity This Quarter</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9T1BCSw?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9T1BCSw"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in OP Bancorp Right Now?</h2><p>Before you consider OP Bancorp, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and OP Bancorp wasn't on the list.</p><p>While OP Bancorp currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

OPBK

<p>Truffle Hound Capital LLC reduced its holdings in OP Bancorp by 28.6% in Q2, now owning 400,000 shares worth $5.196 million. Other investors like Geode Capital and Connor Clark & Lunn also adjusted their stakes. OP Bancorp's stock performance includes a market cap of $188.36 million and a P/E ratio of 8.06. The company reported Q3 earnings of $0.45 per share and announced a quarterly dividend of $0.12 per share. Analysts have mixed ratings, with a consensus target price of $16.50.</p>

Truffle Hound Capital LLC Trims Holdings in OP Bancorp $OPBK