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Op Bancorp  (OPBK)
Other Ticker:  
 
    Sector  Financial    Industry Regional Banks
   Industry Regional Banks
   Sector  Financial
 
Price: $9.3300 $0.01 0.107%
Day's High: $9.5 Week Perf: 3.9 %
Day's Low: $ 9.27 30 Day Perf: -7.16 %
Volume (M): 32 52 Wk High: $ 11.49
Volume (M$): $ 295 52 Wk Avg: $9.39
Open: $9.38 52 Wk Low: $7.50



 Market Capitalization (Millions $) 144
 Shares Outstanding (Millions) 15
 Employees -
 Revenues (TTM) (Millions $) 81
 Net Income (TTM) (Millions $) 24
 Cash Flow (TTM) (Millions $) 8
 Capital Exp. (TTM) (Millions $) 2

Op Bancorp
OP Bancorp is a bank holding company that provides various financial services to individuals and businesses in the United States. It operates through a network of banking offices across Southern California. The company was established in 2005 and is headquartered in Los Angeles, California.

OP Bancorp offers a wide range of banking products and services, such as checking and savings accounts, money market accounts, certificates of deposit (CDs), loans, credit cards, and wealth management services. It serves a diverse client base comprising individuals, small and medium-sized businesses, and professionals.

The company's loan portfolio encompasses various types of loans, including commercial real estate, commercial and industrial, and small business administration loans. Its deposit products consist of personal and business checking and savings accounts, as well as CDs with varying maturities. OP Bancorp also offers online banking services, which enable customers to manage their accounts, transfer funds, and pay bills conveniently.

OP Bancorp is committed to providing a high level of customer service and aims to build long-term relationships with its clients. The company prides itself on being responsive to the needs of its customers and maintaining a strong connection with the communities it serves.

In terms of financial performance, OP Bancorp reported total assets of $1.7 billion as of December 31, 2020. The company's net interest margin was14%, and its return on average assets (ROAA) was 0.61% in the same period. Its efficiency ratio was 62.66%.

OP Bancorp is listed on the NASDAQ stock exchange under the ticker symbol "OPBK." As of August 18, 2021, its stock price was $12.94 per share. The company has a market capitalization of approximately $189 million.


   Company Address: 1000 Wilshire Blvd Los Angeles 90017 CA
   Company Phone Number: 892-9999   Stock Exchange / Ticker: NASDAQ OPBK
   


   

Stock Performances by Major Competitors

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Op Bancorp

Op Bancorp Suffers a Setback: EPS Drops Due to Weak Sales

Op Bancorp, a regional bank company, experienced a drop in their shares by -2.84% over the past 30 days, leading to a -0.6% decrease in share price during the second quarter of 2024. Currently, Op Bancorp shares are trading on the NASDAQ at 5.9% above its 52-week average.
This decline in share price comes after Op Bancorp disclosed weak financial results for the fiscal period ending December 31, 2023. The company reported a decrease in net profit per share by -31.22% and a decline in revenue by -14.097% year on year. Revenue for the period amounted to $19.28 million compared to $22.44 million in the previous year's fourth quarter. Similarly, earnings per share dropped from $0.50 to $0.35. However, compared to the previous fiscal period, there was a slight improvement in income and revenue, with a 5.24% increase in income per share and a 3.907% increase in revenue.

Op Bancorp

OPBK's Third Quarter Earnings Disappointment: Navigating Challenges in Pursuit of Growth

Op Bancorp: An Opportunity for Growth Amidst Challenging Times
Op Bancorp, the parent company of Open Bank, has recently released its financial report for the third quarter of 2023 earnings season. The numbers show a decline in earnings per share, profits, and revenue compared to the previous year. While this may seem concerning, it is essential to analyze the situation further and consider potential opportunities for growth.
Earnings per share in the third quarter of 2023 dropped by -40% to $0.33 per share compared to $0.55 a year before. Additionally, profits fell by -15.38% from $0.39 per share in the preceding reporting period. These figures indicate a challenging quarter for Op Bancorp, but it is important to note that the company's performance is in absolute contrast to the remainder of the Regional Banks sector, which posted a revenue gain during the same period.

Dividend

OP Bancorp Announces Quarterly Dividend Increase, Poised for Growth in the Financial Sector

Published Thu, Oct 26 2023 9:00 PM UTC

OP Bancorp Declares Quarterly Cash Dividend of $0.12 per Share
LOS ANGELES - OP Bancorp (NASDAQ: OPBK), the holding company of Open Bank, announced today that its Board of Directors has declared a quarterly cash dividend of $0.12 per share of its common stock. This dividend is payable on or about November 23, 2023, to all shareholders of record as of November 9, 2023.

Op Bancorp

Op Bancorp's Alarming Revenue Plunge Raises Concerns amidst Record-breaking Regional Bank Growth

Op Bancorp, a regional bank company, recently reported soft financial results for the April to June 30, 2023 period. The company experienced a 27.78% drop in earnings per share (EPS) and an 11.027% decrease in revenue compared to the same period last year. In specific figures, revenue declined to $20.86 million from $23.44 million, while EPS fell from $0.54 to $0.39.
This downward trend sets Op Bancorp apart from the rest of the regional banks industry, which saw a 13.23% increase in revenue for the same reporting period compared to the previous year. While profits fell 18.75% from $0.48 per share, revenue also saw a decline of 7.405% from $22.53 million. The bottom-line figure for this period was $6.091 million, down 28.17% from $8.480 million in the corresponding period last year.

Op Bancorp

Op Bancorp Achieves Modest Growth in Q1 2023, with Improved ROA Despite Decline in Net Income

Op Bancorp, a regional bank, released its first quarter financial results for 2023. The results indicate a return on asset (ROA) of 1.57%, which is higher than the bank's average ROA of 1.48%. However, the ROA declined relative to the previous quarter, which is attributed to a decrease in net income. Additionally, 294 other companies in the financial sector had a higher ROA compared to Op Bancorp.
Although Op Bancorp's ROA declined, the company's overall rank in terms of ROA improved from 2216 to 1563 in the first quarter of 2023. The bank focused on improving sales during this period, resulting in a net margin of 33.45%. The operating earnings of Op Bancorp fell by 7.7% to $10.617 million, leading to a decrease in the operating margin from 54.35% to 47.13% in the first quarter of 2022.






 

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Earnings Outlook
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Geographic Revenue Dispersion




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