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LOS ANGELES - OP Bancorp (NASDAQ:OPBK), the parent company of Open Bank, has announced that its Board of Directors approved a quarterly cash dividend of $0.12 per common share. The dividend is scheduled to be paid on May 22, 2025, to shareholders of record as of May 8, 2025. With an attractive dividend yield of 4.12% and a P/E ratio of 8.59, InvestingPro data shows the bank maintaining strong shareholder returns despite recent market volatility.
The company, which operates as a commercial bank serving small to medium-sized businesses, professionals, and residents, emphasizes its outreach to Korean and other ethnic minority communities in its service areas. OP Bancorp, through Open Bank, maintains a network of eleven full-service branches across California, Texas, and Nevada, along with five loan production offices in various states. With a market capitalization of $177.33 million and annual revenue of $79.28 million, InvestingPro analysis indicates a GOOD overall financial health score.
Open Bank first began its operations on June 10, 2005, as First Standard Bank and underwent a rebranding to its current name in October 2010. It is headquartered in Los Angeles, California, and is a member of the FDIC and an Equal Housing Lender.
This declaration of a dividend reflects the company’s commitment to providing value to its shareholders and is a part of its regular financial practices. Shareholders can expect the dividend to be distributed in late May, following the established record date.
The information in this article is based on a press release statement from OP Bancorp.
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