OP Bancorp (NASDAQ:OPBK) Given New $18.00 Price Target at Keefe, Bruyette & Woods

OP Bancorp (NASDAQ:OPBK) had its target price decreased by analysts at Keefe, Bruyette & Woods from $19.00 to $18.00 in a note issued to investors 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 29.36% from the stock’s current price.

OP Bancorp Trading Down 1.9 %

Shares of NASDAQ:OPBK opened at $13.92 on Monday. OP Bancorp has a 12-month low of $8.91 and a 12-month high of $18.57. The stock has a market cap of $206.08 million, a PE ratio of 9.94 and a beta of 0.66. The business has a 50 day moving average of $16.27 and a 200-day moving average of $14.06. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.37.

OP Bancorp (NASDAQ:OPBK) last issued its quarterly earnings data on Thursday, January 23rd. The company reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.03). OP Bancorp had a return on equity of 10.81% and a net margin of 14.18%. As a group, equities research analysts forecast that OP Bancorp will post 1.46 earnings per share for the current year.

Institutional Investors Weigh In On OP Bancorp

Several institutional investors have recently made changes to their positions in the stock. Ritholtz Wealth Management boosted its stake in shares of OP Bancorp by 10.4% in the fourth quarter. Ritholtz Wealth Management now owns 39,688 shares of the company’s stock valued at $627,000 after buying an additional 3,740 shares during the period. Barclays PLC bought a new stake in shares of OP Bancorp in the third quarter valued at approximately $58,000. Geode Capital Management LLC boosted its stake in shares of OP Bancorp by 2.6% in the third 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 during the period. Fourthstone LLC bought a new stake in shares of OP Bancorp in the third quarter valued at approximately $1,448,000. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of OP Bancorp by 18.2% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 61,467 shares of the company’s stock valued at $767,000 after buying an additional 9,447 shares during the period. 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.