OP Bancorp’s (OPBK) “Market Perform” Rating Reiterated at Keefe, Bruyette & Woods

OP Bancorp (NASDAQ:OPBKGet Free Report)‘s stock had its “market perform” rating reissued by investment analysts at Keefe, Bruyette & Woods in a report released on Monday, Benzinga reports. They presently have a $13.00 price objective on the stock. Keefe, Bruyette & Woods’ price objective indicates a potential upside of 0.62% from the stock’s previous close.

OP Bancorp Trading Up 0.5 %

NASDAQ:OPBK traded up $0.07 during trading hours on Monday, hitting $12.92. The company had a trading volume of 2,962 shares, compared to its average volume of 30,102. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.02 and a quick ratio of 1.01. The stock has a 50-day moving average price of $11.04 and a 200 day moving average price of $10.25. The company has a market capitalization of $192.77 million, a PE ratio of 9.23 and a beta of 0.63. OP Bancorp has a 52 week low of $8.23 and a 52 week high of $13.03.

OP Bancorp (NASDAQ:OPBKGet Free Report) last announced its quarterly earnings results on Thursday, July 25th. The company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.06. OP Bancorp had a net margin of 14.52% and a return on equity of 10.92%. The company had revenue of $38.54 million for the quarter. On average, equities research analysts predict that OP Bancorp will post 1.39 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Ki Won Yoon sold 5,000 shares of the stock in a transaction dated Wednesday, August 14th. The shares were sold at an average price of $12.18, for a total value of $60,900.00. Following the completion of the transaction, the insider now directly owns 47,137 shares in the company, valued at approximately $574,128.66. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 21.34% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in OPBK. Diversify Advisory Services LLC bought a new position in shares of OP Bancorp during the first quarter valued at $7,353,000. Dimensional Fund Advisors LP grew its position in OP Bancorp by 8.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 476,934 shares of the company’s stock valued at $4,573,000 after purchasing an additional 35,288 shares during the last quarter. Renaissance Technologies LLC increased its stake in OP Bancorp by 40.1% during the 2nd quarter. Renaissance Technologies LLC now owns 112,060 shares of the company’s stock valued at $1,075,000 after purchasing an additional 32,060 shares in the last quarter. Hilltop Holdings Inc. purchased a new position in OP Bancorp in the fourth quarter worth about $274,000. Finally, O Shaughnessy Asset Management LLC lifted its stake in shares of OP Bancorp by 36.6% in the first quarter. O Shaughnessy Asset Management LLC now owns 40,486 shares of the company’s stock worth $404,000 after buying an additional 10,854 shares in the last quarter. Institutional investors own 53.63% of the company’s stock.

OP Bancorp Company Profile

(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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