Keefe, Bruyette & Woods Issues Pessimistic Forecast for OP Bancorp (NASDAQ:OPBK) Stock Price

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

OP Bancorp Trading Up 3.5 %

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

OP Bancorp (NASDAQ:OPBK) last released its earnings results 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 return on equity of 10.81% and a net margin of 14.18%. On average, sell-side analysts anticipate that OP Bancorp will post 1.46 earnings per share for the current fiscal year.

Institutional Trading of OP Bancorp

A number of institutional investors and hedge funds have recently bought and sold shares of OPBK. Barclays PLC purchased a new position in shares of OP Bancorp in the third quarter valued at $58,000. Ritholtz Wealth Management grew its stake in shares of OP Bancorp by 10.4% in the 4th quarter. Ritholtz Wealth Management now owns 39,688 shares of the company’s stock worth $627,000 after buying an additional 3,740 shares in the last quarter. Geode Capital Management LLC raised its position in shares of OP Bancorp by 2.6% during the 3rd quarter. Geode Capital Management LLC now owns 118,203 shares of the company’s stock valued at $1,476,000 after buying an additional 2,948 shares in the last quarter. Fourthstone LLC bought a new position in shares of OP Bancorp in the 3rd quarter valued at about $1,448,000. Finally, Renaissance Technologies LLC grew its position in OP Bancorp by 40.1% in the second quarter. Renaissance Technologies LLC now owns 112,060 shares of the company’s stock worth $1,075,000 after acquiring an additional 32,060 shares in the last quarter. 53.63% of the stock is currently owned by institutional investors.

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.