Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities.
−Removed: Our common stock is traded on the NASDAQ Global Market under the symbol “OPBK.” As of December 31, 2022, we had 160 record holders of our common stock, not including beneficial owners whose shares are held in record names of brokers or other nominees.
−Removed: On July 28, 2022, the Company increased a quarterly cash dividend to $0.12 per share from $0.10 per share ($0.48 per share on an annualized basis and an annual yield of 4.3% based on a common share price of $11.16 per share at December 31, 2022).
−Removed: 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.
+Added: Our common stock is traded on The Nasdaq Global Market under the symbol “OPBK.” As of March 1, 2024, we had 163 record holders of our common stock, not including beneficial owners whose shares are held in record names of brokers or other nominees.
+Added: OP Bancorp maintains a policy of returning capital to shareholders in a manner, and at times and amounts, that provide for what we believe is an optimum balance between preserving liquidity and capital to assure compliance with applicable regulatory requirements and state laws, on the one hand, while providing an attractive total return to shareholders after giving effect to fluctuations in our stock price.
+Added: Consistent with this policy, on July 28, 2022, the Company increased a quarterly cash dividend from $0.10 per share to $0.12 per share ($0.48 per share on an annualized basis and an annual yield of 4.4% based on a common share price of $10.95 per share as of December 31, 2023).
+Added: We believe that current 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.
8 unchanged sentences
Purchases of Equity Securities by the Issuer and Affiliated Purchasers
−Removed: We did not purchase any shares of our common stock or other securities during the quarter ended December 31, 2022.
+Added: On August 24, 2023, our Board of Directors approved a new stock repurchase program authorizing the Company to repurchase up to 750,000 shares of its common stock, which is approximately 5% of its outstanding shares.
+Added: The following table summarizes share repurchase activities of the stock repurchase program during the quarter ended December 31, 2023.
+Added: 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
+Added: October 1, 2023 - October 31, 2023 150,000 $ 8.72 150,000 600,000
+Added: November 1, 2023 - November 30, 2023 — — — 600,000
+Added: December 1, 2023 - December 31, 2023 — — — 600,000
+Added: 150,000 $ 8.72 150,000 600,000
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.