In a report released yesterday, Kelly Motta from KBW maintained a Hold rating on OP Bancorp (OPBK – Research Report), with a price target of $11.00. The company’s shares closed yesterday at $9.43.
According to TipRanks, Motta is a 3-star analyst with an average return of 6.9% and a 61.29% success rate. Motta covers the Financial sector, focusing on stocks such as Glacier Bancorp, Washington Federal, and Banc of California.
Currently, the analyst consensus on OP Bancorp is a Moderate Buy with an average price target of $12.25.
Based on OP Bancorp’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $19.91 million and a net profit of $5.17 million. In comparison, last year the company earned a revenue of $23.42 million and had a net profit of $8.03 million
Based on the recent corporate insider activity of 17 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of OPBK in relation to earlier this year. Most recently, in February 2024, KI WON YOON, the CLO of OPBK bought 20,137.00 shares for a total of $128,000.00.
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OP Bancorp (OPBK) Company Description:
OP Bancorp operates as a bank holding company that provides general commercial banking services through its subsidiary, Open Bank. It offers lending, deposits and other services. The firm’s lending services include trade finance, home loan, and commercial & SBA lendings. Its deposit services include personal, business and savings. The firm also offers online banking, mobile banking, cash management, eStatements, safe deposit boxes, pop money, debit and credit cards. The company was founded in 2016 and is headquartered in Los Angeles, CA.
