OP Bancorp (NASDAQ:OPBK) Announces Earnings Results

OP Bancorp (NASDAQ:OPBK) announced its quarterly earnings data on Thursday. The company reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.03, Zacks reports. The company had revenue of $39.54 million during the quarter. OP Bancorp had a net margin of 14.52% and a return on equity of 10.92%.

OP Bancorp Price Performance

Shares of NASDAQ OPBK opened at $14.15 on Friday. The stock has a market cap of $211.12 million, a price-to-earnings ratio of 10.11 and a beta of 0.63. OP Bancorp has a 52 week low of $8.30 and a 52 week high of $14.38. The company’s 50-day moving average price is $12.64 and its 200 day moving average price is $11.04. The company has a current ratio of 1.02, a quick ratio of 1.01 and a debt-to-equity ratio of 0.59.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $13.00 price target on shares of OP Bancorp in a research note on Monday, August 26th.

Insider Activity at OP Bancorp

In other OP Bancorp news, insider Ki Won Yoon sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, August 14th. The shares were sold at an average price of $12.18, for a total transaction of $60,900.00. Following the sale, the insider now directly owns 47,137 shares of the company’s stock, valued at $574,128.66. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 21.34% of the stock is owned by corporate insiders.

OP Bancorp Company Profile

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.