The OP Bancorp (OPBK) shares are trading at higher $6.76 and the avg recommendation for the stock is Moderate Buy. The current analyst price target stands at $8.50.
To add more color to this target, the company’s high over the last year is $10.84 and the low is $5.54. Over the last 52 weeks, OPBK is down -37.64% while the S&P 500 is down -2.38%. The catalyst for this interesting swing was the company’s recent earnings report.
A Notable Earnings Report
In the last quarter, OPBK reported a profit of $11.12 million. OP Bancorp also saw revenues increase to $14.35 million. In addition, OPBK has free cash flow of $2.12 million as of 03-2020.
OPBK booked profit margins of 25.40%, its Return on Equity (ROE) is 10.90%, and its Return on Assets is 1.30%. All told, it is clear that, OPBK needs to be on your watchlist.
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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. OPBK has a short ratio of 1.23 and outstanding shares of 15.49M.
OPBK has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 67770.0 and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at 0.95. Investors should also keep an eye on sector updates as OPBK has historically followed its peers on positive news.
All told, OP Bancorp OPBK has strung together solid data and demonstrated underlying fundamentals. At its current valuation, OPBK represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.
OP Bancorp OPBK is now commanding a market cap of 101.33M and a float of 11.89M. OPBK is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of OPBK stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!
Disclosure: we hold no position in OPBK, either long or short, and we have not been compensated for this article.