OPBK - OP Bancorp Stock Price, Fair Value and News

8.98USD+0.04 (+0.45%)Market Closed

Market Summary

USD8.98+0.04

Market Closed

0.45%

OPBK Stock Price

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OPBK RSI Chart

OPBK Valuation

Market Cap

134.3M

Price/Earnings (Trailing)

5.62

Price/Sales (Trailing)

1.1

EV/EBITDA

0.42

Price/Free Cashflow

2.05

OPBK Price/Sales (Trailing)

OPBK Profitability

EBT Margin

27.53%

Return on Equity

12.42%

Return on Assets

1.11%

Free Cashflow Yield

48.89%

OPBK Fundamentals

OPBK Revenue

Revenue (TTM)

121.7M

Rev. Growth (Yr)

18.21%

Rev. Growth (Qtr)

1.91%

OPBK Earnings

Earnings (TTM)

23.9M

Earnings Growth (Yr)

-35.58%

Earnings Growth (Qtr)

Breaking Down OPBK Revenue

Last 7 days

-0.8%

Last 30 days

-9.4%

Last 90 days

-16.1%

Trailing 12 Months

-0.1%

How does OPBK drawdown profile look like?

OPBK Financial Health

OPBK Investor Care

Dividend Yield

5.35%

Dividend/Share (TTM)

0.48

Buy Backs (1Y)

2.06%

Diluted EPS (TTM)

1.55

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs

Net sales

Year	Q1	Q2	Q3	Q4
2023	98.9M	108.8M	116.8M	121.7M
2022	68.5M	73.3M	79.1M	88.2M
2021	52.9M	55.4M	59.7M	64.2M
2020	59.0M	57.1M	55.0M	53.7M
2019	53.0M	55.8M	57.9M	58.8M
2018	42.3M	44.7M	47.3M	50.1M
2017	33.8M	36.0M	38.1M	40.3M
2016	0	0	0	31.7M

Get all data in R, Python etc through our Historical Stock Data APIs

Tracking the Latest Insider Buys and Sells of OP Bancorp

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Apr 01, 2024	kim min	acquired	480,000	8.00	60,000	chief executive officer
Apr 01, 2024	kim min	sold (taxes)	-319,998	10.4	-30,769	chief executive officer
Feb 06, 2024	choi brian	bought	48,888	9.9488	4,914	-
Dec 20, 2023	yoon ki won	acquired	-	-	137	chief lending officer
Sep 15, 2023	yoon ki won	acquired	128,000	6.4	20,000	chief lending officer
Jun 26, 2023	kim min	sold (taxes)	-62,037	8.38	-7,403	chief executive officer
Jun 26, 2023	kim min	acquired	-	-	21,406	chief executive officer
Jun 26, 2023	oh sang kyo	acquired	-	-	9,000	chief credit officer
Jun 26, 2023	bang ihnsuk jimmy	acquired	-	-	9,000	chief banking officer
Jun 22, 2023	jung soo hun	acquired	-	-	2,919	-

Which funds bought or sold OPBK recently?

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Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
Mar 11, 2024	VANGUARD GROUP INC	added	0.79	1,184,090	6,926,240	-%
Mar 01, 2024	GOLDMAN SACHS GROUP INC	added	120	346,483	557,290	-%
Feb 15, 2024	BARCLAYS PLC	reduced	-16.99	-	24,000	-%
Feb 15, 2024	JANE STREET GROUP, LLC	new	-	314,769	314,769	-%
Feb 14, 2024	ARROWSTREET CAPITAL, LIMITED PARTNERSHIP	new	-	826,000	826,000	-%
Feb 14, 2024	BRIDGEWAY CAPITAL MANAGEMENT, LLC	added	4.25	444,623	2,240,120	0.05%
Feb 14, 2024	SALZHAUER MICHAEL	reduced	-2.42	28,652	199,400	0.17%
Feb 14, 2024	MALTESE CAPITAL MANAGEMENT LLC	reduced	-39.72	-496,962	1,286,370	0.36%
Feb 14, 2024	Royal Bank of Canada	reduced	-4.86	18,000	145,000	-%
Feb 14, 2024	CITADEL ADVISORS LLC	new	-	111,636	111,636	-%

Are Funds Buying or Selling OPBK?

Are funds buying OPBK calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own OPBK

No. of Funds

Unveiling OP Bancorp's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 14, 2024	alliancebernstein l.p.	5.4%	807,646	SC 13G/A
Feb 09, 2024	choi brian	8.62%	1,293,606	SC 13G/A
Mar 14, 2023	choi brian	7.98%	1,218,795	SC 13G
Feb 14, 2023	alliancebernstein l.p.	5.6%	846,677	SC 13G
Feb 14, 2023	ejf capital llc	0.2%	32,565	SC 13G/A
Feb 16, 2022	manulife financial corp	5.87%	-	SC 13G/A
Feb 11, 2022	op bancorp	6.36%	962,800	SC 13G
Jul 12, 2021	blackrock inc.	0.9%	130,785	SC 13G/A
Apr 28, 2021	choi brian	6.33%	950,000	SC 13G
Feb 03, 2021	manulife financial corp	5.51%	-	SC 13G

Recent SEC filings of OP Bancorp

View All Filings

Date Filed	Form Type	Document
Apr 03, 2024	4	Insider Trading
Mar 29, 2024	10-K	Annual Report
Feb 14, 2024	SC 13G/A	Major Ownership Report
Feb 09, 2024	SC 13G/A	Major Ownership Report
Feb 07, 2024	4	Insider Trading
Feb 07, 2024	4	Insider Trading
Jan 25, 2024	8-K	Current Report

Peers (Alternatives to OP Bancorp)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
JPM	518.6B	171.1B	-6.55%	27.33%	10.47	3.03	60.72%	31.52%
BAC	277.4B	130.3B	-2.17%	15.28%	10.46	2.13	79.51%	-3.68%
WFC	204.6B	85.7B	-1.00%	36.59%	10.69	2.39	41.49%	39.96%
C	111.2B	133.3B	-0.80%	16.13%	12.05	0.83	79.09%	-
CFG	15.1B	10.2B	-1.99%	8.44%	9.42	1.48	44.53%	-22.43%
KEY	13.5B	7.9B	-0.07%	19.35%	13.94	1.7	46.47%	-49.56%
MID-CAP
CMA	6.6B	4.2B	0.48%	11.63%	7.49	1.58	56.25%	-23.46%
ZION	5.8B	3.9B	-0.96%	29.19%	8.57	1.48	45.91%	-25.03%
ABCB	3.1B	1.3B	-3.03%	32.01%	11.42	2.4	43.24%	-22.35%
ASB	3.0B	2.0B	-0.45%	11.20%	16.48	1.54	70.97%	-50.03%
SMALL-CAP
AMNB	497.6M	120.2M	6.68%	49.76%	19.02	4.14	45.65%	-13.98%
ALRS	393.2M	164.9M	-3.99%	28.14%	33.62	2.38	42.66%	-70.76%
AROW	359.4M	162.6M	-8.71%	-4.36%	11.95	2.21	25.39%	-38.37%
ACNB	267.1M	96.6M	-9.56%	1.15%	8.43	2.76	11.02%	-11.37%
ASRV	44.4M	60.9M	1.17%	-15.64%	-13.27	0.73	24.06%	-144.92%

OP Bancorp News

Latest updates

OP Bancorp Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Income Statement (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Revenue	1.9%	32.00	31.00	30.00	29.00	27.00	23.00	20.00	18.00	18.00	17.00	15.00	14.00	13.00	13.00	13.00	14.00	15.00	15.00	15.00	14.00	14.00
EBITDA Margin	-7.3%	0.88*	0.95*	1.10*	1.26*	1.42*	1.56*	1.63*	1.64*	1.61*	1.52*	1.42*	1.31*	-	-	-	-	-	-	-	-	-
Interest Expenses	-6.3%	16.00	17.00	17.00	18.00	20.00	20.00	19.00	17.00	17.00	17.00	15.00	13.00	12.00	11.00	11.00	11.00	11.00	11.00	11.00	11.00	11.00
Income Taxes	12.7%	2.00	2.00	2.00	3.00	3.00	4.00	4.00	3.00	4.00	3.00	3.00	2.00	2.00	1.00	1.00	1.00	1.00	1.00	1.00	2.00	1.00
Earnings Before Taxes	3.9%	7.00	7.00	9.00	11.00	11.00	12.00	12.00	12.00	13.00	11.00	9.00	7.00	5.00	5.00	3.00	4.00	6.00	5.00	5.00	6.00	5.00
EBT Margin	-13.9%	0.28*	0.32*	0.39*	0.46*	0.53*	0.61*	0.65*	0.66*	0.63*	0.55*	0.48*	0.39*	-	-	-	-	-	-	-	-	-
Net Income	1.0%	5.00	5.00	6.00	8.00	8.00	9.00	8.00	8.00	9.00	8.00	6.00	5.00	4.00	4.00	2.00	3.00	4.00	4.00	4.00	5.00	4.00
Net Income Margin	-14.3%	0.20*	0.23*	0.28*	0.33*	0.38*	0.43*	0.46*	0.47*	0.45*	0.39*	0.34*	0.28*	-	-	-	-	-	-	-	-	-
Free Cashflow	-110.5%	-1.56	15.00	8.00	44.00	3.00	46.00	22.00	12.00	23.00	-23.70	-33.77	5.00	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Assets	0.2%	2,148	2,143	2,152	2,171	2,094	2,030	1,934	1,864	1,727	1,680	1,601	1,528	1,455	1,367	1,340	1,288	1,210	1,180	1,152	1,128	1,077
Cash Equivalents	-13.7%	91.00	106	144	182	83.00	107	133	130	115	188	129	-	127	106	88.00	112	111	86.00	89.00	83.00	66.00
Net PPE	-2.4%	5.00	5.00	5.00	5.00	4.00	4.00	4.00	5.00	4.00	4.00	4.00	-	4.00	5.00	5.00	5.00	5.00	5.00	5.00	5.00	5.00
Liabilities	-0.2%	1,955	1,958	1,968	1,987	1,918	1,859	1,765	1,698	1,561	1,521	1,449	-	1,308	1,223	1,198	1,149	1,071	1,039	1,014	992	945
Shareholder's Equity	4.5%	193	184	184	184	177	170	169	166	165	159	152	-	147	143	142	139	138	141	138	135	132
Retained Earnings	2.9%	121	117	114	110	106	99.00	93.00	86.00	79.00	71.00	65.00	-	59.00	55.00	53.00	50.00	49.00	46.00	43.00	40.00	37.00
Additional Paid-In Capital	3.2%	11.00	11.00	10.00	10.00	10.00	9.00	9.00	9.00	9.00	8.00	8.00	-	9.00	9.00	8.00	8.00	8.00	8.00	7.00	7.00	7.00
Shares Outstanding	0%	15.00	15.00	15.00	15.00	15.00	15.00	15.00	15.00	15.00	15.00	15.00	-	15.00	-	-	-	-	-	-	-	-
Float	-	-	-	102	-	-	-	125	-	-	-	120	-	-	-	-	82.00	-	-	-	139	-

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Cashflow From Operations	-108.6%	-1,333	15,423	9,109	44,643	2,975	46,156	22,003	12,600	23,905	-23,442	-33,535	4,794	21,335	-24,089	-4,463	2,366	2,867	8,126	5,333	2,654	7,234
Share Based Compensation	4.0%	336	323	314	324	321	256	387	215	155	167	106	131	137	249	358	358	565	189	339	377	363
Cashflow From Investing	93.5%	-2,426	-37,315	-22,772	-13,459	-84,961	-155,002	-87,308	-134,506	-132,736	22,109	-107,498	-67,919	-25,838	-48,117	-71,269	-1,844	-28,972	-21,290	-31,841	-35,928	-33,780
Cashflow From Financing	33.3%	-10,765	-16,129	-24,085	67,353	57,677	83,430	68,026	136,423	36,145	60,791	142,290	84,245	22,925	47,972	76,948	24,441	23,033	19,160	43,823	21,344	8,485
Dividend Payments	-0.8%	1,800	1,815	1,822	1,832	1,825	1,822	1,515	1,514	1,514	1,514	1,052	1,052	1,059	1,061	1,055	1,087	785	791	782	793	-
Buy Backs	-	1,352	-	2,011	571	-	-	-	-	-	-	-	28.00	1,018	325	497	6,264	903	1,442	665	2,381	-

OPBK Income Statement

2023-12-31

CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	12 Months Ended
CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
INTEREST INCOME
Interest and fees on loans	$ 110,463	$ 82,864	$ 62,448
Interest on available-for-sale debt securities	6,131	3,351	1,085
Other interest income	5,071	1,997	625
Total interest income	121,665	88,212	64,158
Interest expense
Interest on deposits	49,435	11,210	3,132
Interest on borrowings	3,543	91	0
Total interest expense	52,978	11,301	3,132
Net interest income	68,687	76,911	61,026
Provision for credit losses	1,651	2,976	522
Net interest income after provision for credit losses	67,036	73,935	60,504
NONINTEREST INCOME
Service charges on deposits	2,123	1,675	1,562
Loan servicing fees, net of amortization	2,449	2,416	1,953
Gain on sale of loans	7,843	12,285	11,313
Other income	1,766	1,243	1,189
Total noninterest income	14,181	17,619	16,017
NONINTEREST EXPENSE
Salaries and employee benefits	29,593	27,189	21,253
Occupancy and equipment	6,490	5,964	5,213
Data processing and communication	2,109	2,085	2,000
Professional fees	1,571	1,620	1,192
FDIC insurance and regulatory assessments	1,457	813	583
Promotion and advertising	614	543	684
Directors’ fees	680	682	593
Foundation donation and other contributions	2,400	3,393	2,890
Other expenses	2,812	2,541	1,457
Total noninterest expense	47,726	44,830	35,865
INCOME BEFORE INCOME TAX EXPENSE	33,491	46,724	40,656
Income tax expense	9,573	13,414	11,816
Net income	$ 23,918	$ 33,310	$ 28,840
EARNINGS PER SHARE - BASIC (USD per share)	$ 1.55	$ 2.15	$ 1.89
EARNINGS PER SHARE - DILUTED (USD per share)	$ 1.55	$ 2.14	$ 1.88

OPBK Balance Sheet

2023-12-31

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
ASSETS
Cash and cash equivalents	$ 91,216	$ 82,972
Available-for-sale debt securities, at fair value	194,250	209,809
Other investments	16,276	12,098
Loans held for sale	1,795	44,335
Loans receivable, net of allowance for credit losses of $21,993 and $19,241 as of December 31, 2023 and 2022, respectively	1,743,852	1,659,051
Premises and equipment, net	5,248	4,400
Accrued interest receivable	8,259	7,180
Servicing assets	11,741	12,759
Company owned life insurance	22,233	21,613
Deferred tax assets, net	13,309	14,316
Operating right-of-use assets	8,497	9,097
Other assets	31,054	16,867
Total assets	2,147,730	2,094,497
Deposits [Abstract]
Noninterest-bearing	522,751	701,584
Interest-bearing:
Money market and others	399,018	526,321
Time deposits greater than $250	433,892	356,197
Other time deposits	451,897	301,669
Total deposits	1,807,558	1,885,771
Federal Home Loan Bank advances	105,000	0
Accrued interest payable	12,628	2,771
Operating lease liabilities	9,341	10,213
Other liabilities	20,577	18,826
Total liabilities	1,955,104	1,917,581
Shareholders’ equity
Preferred stock no par value; 10,000,000 shares authorized; no shares issued or outstanding as of December 31 2023 and 2022	0	0
Common stock – no par value; 50,000,000 shares authorized as of December 31, 2023 and 2022; 15,000,436 and 15,270,344 shares issued and outstanding as of December 31, 2023 and 2022, respectively	76,280	79,326
Additional paid-in capital	10,942	9,743
Retained earnings	120,855	105,690
Accumulated other comprehensive loss	(15,451)	(17,843)
Total shareholders’ equity	192,626	176,916
Total liabilities and shareholders' equity	$ 2,147,730	$ 2,094,497

About OP Bancorp

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. In addition, it offers debit and credit card, online transfer and bill payment, electronic delivery of customer statements, and mobile banking solutions for iPhone and Android phones, including remote check deposit with mobile bill pay; direct deposits, cashier's checks, person to person payments, wire transfers, and automated clearing house (ACH) services; and cash management services, including balance reporting, transfers between accounts, wire transfer initiation, ACH origination, and stop payment services, as well as remote deposit capture, positive pay, zero balance accounts, and sweep accounts. The company operates full branch offices in Downtown Los Angeles, Los Angeles Fashion District, Los Angeles Koreatown, Gardena, Buena Park, and Santa Clara in California; and Carrollton, Texas. It also has loan production offices in Atlanta, Georgia; Aurora, Colorado; and Lynnwood and Seattle in Washington. The company was founded in 2005 and is headquartered in Los Angeles, California.

CEO	Ms. Min Jung Kim
WEBSITE	myopenbank.com
INDUSTRY	Banks Diversified
EMPLOYEES	221

OP Bancorp Frequently Asked Questions

What is the ticker symbol for OP Bancorp? What does OPBK stand for in stocks?

OPBK is the stock ticker symbol of OP Bancorp. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of OP Bancorp (OPBK)?

As of Wed Apr 17 2024, market cap of OP Bancorp is 134.31 Million. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of OPBK stock?

You can check OPBK's fair value in chart for subscribers.

What is the fair value of OPBK stock?

You can check OPBK's fair value in chart for subscribers. The fair value of OP Bancorp is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of OP Bancorp is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for OPBK so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is OP Bancorp a good stock to buy?

The fair value guage provides a quick view whether OPBK is over valued or under valued. Whether OP Bancorp is cheap or expensive depends on the assumptions which impact OP Bancorp's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for OPBK.

What is OP Bancorp's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Wed Apr 17 2024, OPBK's PE ratio (Price to Earnings) is 5.62 and Price to Sales (PS) ratio is 1.1. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. OPBK PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on OP Bancorp's stock?

In the past 10 years, OP Bancorp has provided 0.052 (multiply by 100 for percentage) rate of return.