OP Bancorp (NASDAQ:OPBK) Stock Rating Lowered by Wall Street Zen

Key Points

• Wall Street Zen downgraded OP Bancorp (NASDAQ:OPBK) from a "buy" to a "hold" in a report released Sunday.
• Analyst coverage is mixed — two Buy and two Hold ratings — giving the stock an overall consensus of "Moderate Buy" with an average price target of $16.50.
• Recent quarter: OP Bancorp reported a $0.48 EPS (beating the $0.41 estimate) but revenue of $24.56M slightly missed estimates; the shares trade around $14.67 with a market cap near $218M and a P/E of 8.06.

OP Bancorp (NASDAQ:OPBK - Get Free Report) was downgraded by Wall Street Zen from a "buy" rating to a "hold" rating in a report released on Sunday.

A number of other research firms also recently commented on OPBK. Zacks Research upgraded shares of OP Bancorp from a "strong sell" rating to a "hold" rating in a research report on Friday, March 27th. DA Davidson restated a "buy" rating and set a $17.00 price target on shares of OP Bancorp in a research report on Tuesday, April 28th. Finally, Weiss Ratings upgraded shares of OP Bancorp from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Friday, April 10th. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $16.50.

OP Bancorp Stock Up 2.3%

Shares of NASDAQ OPBK opened at $14.67 on Friday. OP Bancorp has a 1 year low of $11.52 and a 1 year high of $15.27. The firm has a market cap of $218.44 million, a P/E ratio of 8.06 and a beta of 0.62. The firm's 50 day moving average price is $13.61 and its 200 day moving average price is $13.80. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.02 and a current ratio of 1.03.

OP Bancorp (NASDAQ:OPBK - Get Free Report) last released its quarterly earnings results on Thursday, April 23rd. The company reported $0.48 EPS for the quarter, topping analysts' consensus estimates of $0.41 by $0.07. OP Bancorp had a net margin of 16.12% and a return on equity of 12.36%. The company had revenue of $24.56 million for the quarter, compared to the consensus estimate of $25.37 million. As a group, sell-side analysts anticipate that OP Bancorp will post 1.9 earnings per share for the current year.

Institutional Trading of OP Bancorp

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Jacobs Levy Equity Management Inc. raised its holdings in shares of OP Bancorp by 6.3% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 19,687 shares of the company's stock worth $274,000 after purchasing an additional 1,160 shares in the last quarter. BNP Paribas Financial Markets raised its holdings in shares of OP Bancorp by 96.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 2,492 shares of the company's stock worth $35,000 after purchasing an additional 1,225 shares in the last quarter. Russell Investments Group Ltd. raised its holdings in shares of OP Bancorp by 3.7% in the 4th quarter. Russell Investments Group Ltd. now owns 45,876 shares of the company's stock worth $648,000 after purchasing an additional 1,631 shares in the last quarter. Barclays PLC raised its holdings in shares of OP Bancorp by 10.6% in the 4th quarter. Barclays PLC now owns 18,376 shares of the company's stock worth $259,000 after purchasing an additional 1,754 shares in the last quarter. Finally, Empowered Funds LLC raised its holdings in shares of OP Bancorp by 3.5% in the 1st quarter. Empowered Funds LLC now owns 54,763 shares of the company's stock worth $658,000 after purchasing an additional 1,834 shares in the last quarter. 53.63% of the stock is currently owned by institutional investors.

About OP Bancorp

OP Bancorp is the bank holding company for Old Point National Bank, a community-focused financial institution headquartered in Suffolk, Virginia. Through its subsidiary, the company offers a broad range of commercial and consumer banking services designed to meet the needs of businesses, professionals and individuals across the Hampton Roads and Virginia Peninsula regions. Core services include business lending, real estate financing, deposit accounts, cash management solutions and treasury services.

The company's lending portfolio spans commercial real estate loans, construction and land development financing, equipment loans and lines of credit tailored for small and medium-sized enterprises.

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