Q1 2019 Earnings Forecast for Op Bancorp (OPBK) Issued By DA Davidson

Op Bancorp (OTCMKTS:OPBK) – Investment analysts at DA Davidson issued their Q1 2019 earnings per share estimates for Op Bancorp in a report released on Tuesday, October 30th. DA Davidson analyst G. Tenner expects that the company will post earnings of $0.23 per share for the quarter. DA Davidson also issued estimates for Op Bancorp’s Q2 2019 earnings at $0.21 EPS, Q3 2019 earnings at $0.23 EPS, Q4 2019 earnings at $0.24 EPS and FY2019 earnings at $0.91 EPS.

Separately, Zacks Investment Research downgraded shares of Op Bancorp from a “hold” rating to a “strong sell” rating in a research report on Wednesday, August 1st.

OTCMKTS OPBK traded up $0.05 during trading hours on Friday, hitting $10.37. 890 shares of the company’s stock were exchanged, compared to its average volume of 49,537. Op Bancorp has a 12-month low of $8.89 and a 12-month high of $14.10.

Op Bancorp (OTCMKTS:OPBK) last released its earnings results on Thursday, October 25th. The company reported $0.21 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.23 by ($0.02). The company had revenue of $12.77 million during the quarter, compared to analysts’ expectations of $12.90 million.

In other news, insider Steve K. Park sold 25,000 shares of Op Bancorp stock in a transaction that occurred on Thursday, August 16th. The shares were sold at an average price of $12.55, for a total value of $313,750.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in OPBK. Rhumbline Advisers bought a new position in Op Bancorp in the second quarter valued at approximately $137,000. Martingale Asset Management L P bought a new position in Op Bancorp in the second quarter valued at approximately $236,000. Schwab Charles Investment Management Inc. bought a new position in Op Bancorp in the second quarter valued at approximately $291,000. Acadian Asset Management LLC bought a new position in Op Bancorp in the second quarter valued at approximately $381,000. Finally, Bank of New York Mellon Corp bought a new position in Op Bancorp in the second quarter valued at approximately $390,000.

About Op Bancorp

OP Bancorp operates as the bank holding company for Open Bank that provides banking products and services in California. It generates certificates of deposit, installment accounts, money market accounts, retirement accounts, demand and time deposits, and savings accounts, as well as various personal and business checking accounts.

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Earnings History and Estimates for Op Bancorp (OTCMKTS:OPBK)

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