OP Bancorp (NASDAQ:OPBK) Releases Earnings Results, Beats Expectations By $0.03 EPS

Posted by Amy Steele on Oct 25th, 2024

OP Bancorp (NASDAQ:OPBK – Get Free Report) issued its earnings results on Thursday. The company reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.03, Zacks reports. The business 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 Trading Up 4.0 %

Shares of OPBK traded up $0.55 during midday trading on Friday, reaching $14.38. The company had a trading volume of 22,090 shares, compared to its average volume of 27,429. OP Bancorp has a 1-year low of $8.30 and a 1-year high of $14.38. The company has a quick ratio of 1.01, a current ratio of 1.02 and a debt-to-equity ratio of 0.59. The firm has a 50 day simple moving average of $12.61 and a 200-day simple moving average of $11.01. The stock has a market cap of $214.55 million, a PE ratio of 9.88 and a beta of 0.63.

Insider Activity

In other OP Bancorp news, insider Ki Won Yoon sold 5,000 shares of the business’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 transaction, the insider now directly owns 47,137 shares in the company, valued at $574,128.66. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 21.34% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $13.00 price objective on shares of OP Bancorp in a report on Monday, August 26th.

Check Out Our Latest Report on OP Bancorp

OP Bancorp Company Profile

(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.