OP Bancorp (NASDAQ:OPBK - Get Free Report)'s stock had its "buy (b-)" rating restated by Weiss Ratings in a research note issued to investors on Saturday,Weiss Ratings reports.
Several other research analysts have also commented on OPBK. Zacks Research lowered OP Bancorp from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 22nd. Keefe, Bruyette & Woods boosted their price objective on OP Bancorp from $15.00 to $15.50 and gave the stock a "market perform" rating in a research note on Monday, July 28th. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $15.50.
Read Our Latest Research Report on OP Bancorp
OP Bancorp Stock Up 1.9%
OPBK opened at $13.64 on Friday. The firm has a 50-day simple moving average of $13.99 and a two-hundred day simple moving average of $13.13. OP Bancorp has a 52 week low of $10.43 and a 52 week high of $18.57. The company has a market capitalization of $203.10 million, a PE ratio of 8.69 and a beta of 0.70. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.23.
OP Bancorp (NASDAQ:OPBK - Get Free Report) last released its quarterly earnings data 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 net margin of 14.42% and a return on equity of 11.24%. The business had revenue of $24.48 million during the quarter, compared to the consensus estimate of $24.25 million. Analysts forecast that OP Bancorp will post 1.9 earnings per share for the current fiscal year.
Institutional Trading of OP Bancorp
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in OPBK. Amundi purchased a new stake in OP Bancorp in the 1st quarter worth about $26,000. Police & Firemen s Retirement System of New Jersey purchased a new stake in OP Bancorp in the 2nd quarter worth about $33,000. JPMorgan Chase & Co. increased its position in shares of OP Bancorp by 6,423.0% during the second quarter. JPMorgan Chase & Co. now owns 5,675 shares of the company's stock worth $74,000 after acquiring an additional 5,588 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in shares of OP Bancorp during the second quarter worth approximately $84,000. Finally, Bank of America Corp DE increased its position in shares of OP Bancorp by 880.9% during the fourth quarter. Bank of America Corp DE now owns 5,758 shares of the company's stock worth $91,000 after acquiring an additional 5,171 shares during the period. 53.63% of the stock is owned by hedge funds and other institutional investors.
About OP Bancorp
(
Get Free Report)
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.
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