OP Bancorp 10-K

Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities. Our common stock is traded on the NASDAQ Global Market under the symbol “OPBK.” The following table sets forth the quarterly range of high and low closing prices of our common stock: Periods High Low October 1, 2021 - December 31, 2021 $ 13.77 $ 10.25 July 1, 2021 -September 30, 2021 $ 10.94 $ 9.58 April 1, 2021 - June 30, 2021 $ 11.35 $ 9.75 January 1, 2021 - March 31, 2021 $ 12.04 $ 7.41 October 1, 2020 - December 31, 2020 $ 7.80 $ 7.51 July 1, 2020 -September 30, 2020 $ 5.94 $ 5.67 April 1, 2020 - June 30, 2020 $ 6.95 $ 6.69 January 1, 2020 - March 31, 2020 $ 7.46 $ 7.12 Holders On December 31, 2021, we had approximately 1,977 record holders of our common stock. Dividends On October 28, 2021, the Company increased a quarterly cash dividend to $0.10 per share from $0.07 per share ($0.40 per share on an annualized basis and an annual yield of 3.9% based on a common share price of $10.30 per share at September 30, 2021). We believe that the proposed level of dividends is reasonable based on our review of our overall risk profile, and an evaluation of our current and anticipated capital, asset quality, earnings, liquidity and sensitivity position. However, the amount of dividends to be paid will be subject to our capital requirements, our financial condition and results of operations, tax considerations, statutory and regulatory limitations, and general economic conditions. We cannot assure you that we will pay dividends in the future, or that any such dividends will not be reduced or eliminated in the future. As a holding company, our ability to pay cash dividends is affected by the ability of our bank subsidiary, the Bank, to pay cash dividends. The ability of the Bank (and our ability) to pay cash dividends in the future and the amount of any such cash dividends is and could be in the future further influenced by bank regulatory requirements and approvals and capital guidelines. For information on the statutory and regulatory limitations on the ability of the Company to pay dividends and on the Bank to pay dividends to the Company see “Item 1 — Business — Supervision and Regulation —The Company– Dividend Payments, Stock Redemptions, and Repurchases” and “–The Bank– Dividend Payments.” Securities Authorized for Issuance Under Equity Compensation Plans For information on the Securities Authorized for Issuance under the Company’s Equity Compensation Plan see “Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters – Securities Authorized for Issuance Under Equity Compensation Plans.” Recent Sales of Unregistered Securities None. Purchases of Equity Securities by the Issuer and Affiliated Purchasers The following table summarizes share repurchase activities of the stock repurchase program during twelve months ended December 31, 2021. 53 Purchase date Total Number of Shares Purchased Average Price Paid per Share Total Number of Shares Purchased as Publicly Announced Program Approximate Number of Shares that May Yet Be Purchased Under the Program January 1, 2021 - March 31, 2021 3,830 $ 7.50 3,830 298,484 April 1, 2021 - June 30, 2021 — — — — July 1, 2021 - September 30, 2021 — — — — October 1, 2021 - December 31, 2021 — — — — 3,830 $ 7.50 3,830 298,484 Item 6. [Reserved]