OP Bancorp (NASDAQ:OPBK - Get Free Report) announced its quarterly earnings results on Thursday. The company reported $0.36 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.33 by $0.03, Zacks reports. OP Bancorp had a net margin of 14.52% and a return on equity of 10.92%. The firm had revenue of $39.54 million for the quarter.
OP Bancorp Stock Performance
OPBK traded up $0.32 during midday trading on Friday, reaching $14.15. The company's stock had a trading volume of 38,936 shares, compared to its average volume of 27,510. OP Bancorp has a twelve month low of $8.30 and a twelve month high of $14.38. The stock has a market cap of $211.12 million, a P/E ratio of 10.11 and a beta of 0.63. The company has a fifty day simple moving average of $12.61 and a 200 day simple moving average of $11.01. 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 issued a $13.00 target price on shares of OP Bancorp in a report on Monday, August 26th.
View Our Latest Stock Analysis on OP Bancorp
Insider Buying and Selling at OP Bancorp
In related 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 value of $60,900.00. Following the completion of the sale, the insider now directly owns 47,137 shares in the company, valued at approximately $574,128.66. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 21.34% of the company's stock.
About OP Bancorp
(
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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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