OP Bancorp (NASDAQ:OPBK – Get Rating) – Investment analysts at DA Davidson issued their Q2 2023 earnings per share estimates for shares of OP Bancorp in a research note issued to investors on Tuesday, May 2nd. DA Davidson analyst G. Tenner anticipates that the company will earn $0.38 per share for the quarter. The consensus estimate for OP Bancorp’s current full-year earnings is $1.61 per share. DA Davidson also issued estimates for OP Bancorp’s FY2023 earnings at $1.50 EPS.
OP Bancorp Trading Down 0.2 %
Shares of NASDAQ OPBK opened at $8.60 on Wednesday. OP Bancorp has a 12-month low of $8.50 and a 12-month high of $13.21. The company has a market cap of $131.96 million, a P/E ratio of 4.13 and a beta of 0.55. The stock has a fifty day moving average price of $9.52 and a 200 day moving average price of $10.75.
OP Bancorp Announces Dividend
Insider Activity at OP Bancorp
In related news, Director Brian Choi purchased 15,000 shares of the stock in a transaction that occurred on Monday, February 6th. The stock was purchased at an average cost of $11.81 per share, for a total transaction of $177,150.00. Following the acquisition, the director now owns 1,248,768 shares in the company, valued at $14,747,950.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other OP Bancorp news, Director Soo Hun Jung bought 3,000 shares of the stock in a transaction dated Wednesday, March 15th. The stock was bought at an average cost of $9.24 per share, for a total transaction of $27,720.00. Following the completion of the purchase, the director now directly owns 235,468 shares of the company’s stock, valued at $2,175,724.32. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Brian Choi bought 15,000 shares of the stock in a transaction dated Monday, February 6th. The shares were acquired at an average price of $11.81 per share, with a total value of $177,150.00. Following the completion of the purchase, the director now directly owns 1,248,768 shares of the company’s stock, valued at $14,747,950.08. The disclosure for this purchase can be found here. In the last three months, insiders purchased 55,155 shares of company stock worth $586,603. Corporate insiders own 22.16% of the company’s stock.
Institutional Trading of OP Bancorp
Large investors have recently modified their holdings of the business. Russell Investments Group Ltd. acquired a new stake in shares of OP Bancorp during the fourth quarter valued at about $112,000. Susquehanna International Group LLP bought a new position in shares of OP Bancorp during the fourth quarter worth about $140,000. Royal Bank of Canada grew its stake in OP Bancorp by 9.0% in the third quarter. Royal Bank of Canada now owns 13,215 shares of the company’s stock worth $147,000 after purchasing an additional 1,087 shares in the last quarter. Jane Street Group LLC acquired a new position in OP Bancorp in the first quarter worth about $149,000. Finally, Raymond James & Associates acquired a new position in OP Bancorp in the first quarter worth about $149,000. 48.11% of the stock is currently owned by institutional investors and hedge funds.
About OP Bancorp
OP Bancorp operates as a bank holding company, which engages in the provision of general commercial banking services through its subsidiary. It offers deposit, lending, online banking, cash management, e-statements, mobile banking, zelle, and wire transfer services. The firm serves the small- and medium-sized businesses, professionals, and residents primarily Korean and other ethnic minority communities.
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