Wall Street Zen Upgrades OP Bancorp (NASDAQ:OPBK) to “Buy”

OP Bancorp (NASDAQ:OPBK) was upgraded by research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a report issued on Saturday.

OPBK has been the subject of several other research reports. Weiss Ratings upgraded OP Bancorp from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, April 10th. Zacks Research upgraded OP Bancorp from a “strong sell” rating to a “hold” rating in a research note on Friday, March 27th. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $16.50.

OP Bancorp Price Performance

Shares of NASDAQ:OPBK opened at $14.35 on Friday. The business has a 50 day moving average price of $13.57 and a 200 day moving average price of $13.77. OP Bancorp has a twelve month low of $11.52 and a twelve month high of $15.27. The company has a market cap of $213.67 million, a price-to-earnings ratio of 7.88 and a beta of 0.62. The company has a quick ratio of 1.02, a current ratio of 1.03 and a debt-to-equity ratio of 0.44.

OP Bancorp (NASDAQ:OPBK) last announced its earnings results on Thursday, April 23rd. The company reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.07. OP Bancorp had a return on equity of 12.36% and a net margin of 16.12%.The firm had revenue of $24.56 million during the quarter, compared to the consensus estimate of $25.37 million. Research analysts predict that OP Bancorp will post 1.84 earnings per share for the current year.

Institutional Trading of OP Bancorp

Hedge funds have recently modified their holdings of the company. Segall Bryant & Hamill LLC bought a new stake in shares of OP Bancorp in the 3rd quarter worth approximately $1,864,000. Diversify Advisory Services LLC lifted its position in shares of OP Bancorp by 145.4% in the 3rd quarter. Diversify Advisory Services LLC now owns 1,840,941 shares of the company’s stock worth $24,595,000 after acquiring an additional 1,090,687 shares during the period. BNP Paribas Financial Markets raised its holdings in shares of OP Bancorp by 96.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 2,492 shares of the company’s stock worth $35,000 after buying an additional 1,225 shares in the last quarter. Engineers Gate Manager LP acquired a new position in shares of OP Bancorp in the 2nd quarter worth approximately $150,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of OP Bancorp in the 2nd quarter worth approximately $84,000. Institutional investors own 53.63% of the company’s stock.

Key Headlines Impacting OP Bancorp

Here are the key news stories impacting OP Bancorp this week:

• Positive Sentiment: Q1 results: OP Bancorp reported $0.48 EPS, beating the $0.41 consensus, and reported net income of $7.2M with a 15.4% net margin and 11.75% ROE — a core earnings beat that supports valuation. View Press Release
• Positive Sentiment: Dividend increase: the board raised the quarterly dividend 16.7% to $0.14 (annualized yield ~3.9%), with record date May 7 and pay date May 21 — boosts income appeal for yield-seeking investors. OP Bancorp Declares Quarterly Cash Dividend of $0.14 per Share
• Neutral Sentiment: Short interest: reports are inconsistent — one data point shows short interest fell about 17% to 140,435 shares (~1.2% of float) with a ~3.4 days-to-cover ratio, which reduces immediate short pressure; another report appears to show an erroneous change to zero. Investors should treat short-interest data cautiously until exchanges reconcile filings.
• Neutral Sentiment: Analyst coverage/interest: commentary from value-oriented outlets (e.g., Zacks) is highlighting the company’s valuation and returns, which may attract value investors but doesn’t imply imminent rating changes. Should Value Investors Buy OP Bancorp (OPBK) Stock?
• Negative Sentiment: Revenue miss: Q1 revenue came in slightly below estimates ($24.55M vs. $25.37M expected), which could temper upside for growth-focused investors even though EPS beat was driven by margins/efficiency.

OP Bancorp Company Profile

OP Bancorp is the bank holding company for Old Point National Bank, a community-focused financial institution headquartered in Suffolk, Virginia. Through its subsidiary, the company offers a broad range of commercial and consumer banking services designed to meet the needs of businesses, professionals and individuals across the Hampton Roads and Virginia Peninsula regions. Core services include business lending, real estate financing, deposit accounts, cash management solutions and treasury services.

The company’s lending portfolio spans commercial real estate loans, construction and land development financing, equipment loans and lines of credit tailored for small and medium-sized enterprises.