Keefe, Bruyette & Woods Cuts OP Bancorp (NASDAQ:OPBK) Price Target to $18.00

OP Bancorp (NASDAQ:OPBKGet Free Report) had its price target reduced by analysts at Keefe, Bruyette & Woods from $19.00 to $18.00 in a research note issued on Monday,Benzinga reports. The firm presently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ price objective would suggest a potential upside of 33.63% from the stock’s current price.

OP Bancorp Stock Up 3.5 %

Shares of OPBK opened at $13.47 on Monday. The firm has a fifty day moving average price of $16.14 and a 200-day moving average price of $14.10. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $199.49 million, a P/E ratio of 9.62 and a beta of 0.66. OP Bancorp has a 12-month low of $8.91 and a 12-month high of $18.57.

OP Bancorp (NASDAQ:OPBKGet Free Report) last released its quarterly earnings data on Thursday, January 23rd. The company reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.03). OP Bancorp had a net margin of 14.18% and a return on equity of 10.81%. Equities research analysts expect that OP Bancorp will post 1.46 earnings per share for the current year.

Hedge Funds Weigh In On OP Bancorp

Several institutional investors have recently made changes to their positions in the company. Empowered Funds LLC increased its holdings in shares of OP Bancorp by 5.2% in the 4th quarter. Empowered Funds LLC now owns 52,929 shares of the company’s stock valued at $837,000 after acquiring an additional 2,615 shares during the period. Ritholtz Wealth Management boosted its position in OP Bancorp by 10.4% during the fourth quarter. Ritholtz Wealth Management now owns 39,688 shares of the company’s stock valued at $627,000 after purchasing an additional 3,740 shares in the last quarter. Barclays PLC purchased a new position in OP Bancorp in the third quarter valued at about $58,000. Geode Capital Management LLC raised its holdings in OP Bancorp by 2.6% in the third quarter. Geode Capital Management LLC now owns 118,203 shares of the company’s stock worth $1,476,000 after purchasing an additional 2,948 shares in the last quarter. Finally, Fourthstone LLC purchased a new stake in shares of OP Bancorp during the third quarter valued at about $1,448,000. Hedge funds and other institutional investors own 53.63% of the company’s stock.

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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