KBW analyst Kelly Motta maintained a Hold rating on OP Bancorp (OPBK – Research Report) yesterday and set a price target of $11.00. The company’s shares closed last Friday at $9.34.
Motta covers the Financial sector, focusing on stocks such as Washington Federal, Customers Bancorp, and Glacier Bancorp. According to TipRanks, Motta has an average return of 6.0% and a 53.13% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for OP Bancorp with a $12.25 average price target.
OPBK market cap is currently $139.7M and has a P/E ratio of 6.66.
Based on the recent corporate insider activity of 17 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of OPBK in relation to earlier this year. Most recently, in February 2024, KI WON YOON, the CLO of OPBK bought 20,137.00 shares for a total of $128,000.00.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
OP Bancorp (OPBK) Company Description:
OP Bancorp operates as a bank holding company that provides general commercial banking services through its subsidiary, Open Bank. It offers lending, deposits and other services. The firm’s lending services include trade finance, home loan, and commercial & SBA lendings. Its deposit services include personal, business and savings. The firm also offers online banking, mobile banking, cash management, eStatements, safe deposit boxes, pop money, debit and credit cards. The company was founded in 2016 and is headquartered in Los Angeles, CA.
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