In the latest quarter, the bank demonstrated robust financial performance, marked by a significant expansion in both loans and deposits. Loan volumes increased by 4.4%, while deposits surged by 8.0%, driving an improvement in the bank's net interest margin by 5 basis points. This sustained growth contributed to a notable 12% rise in diluted earnings per share compared to the previous quarter.
Despite facing concerns related to economic conditions and interest rate volatility, the company remains confident in its growth strategy. The firm is committed to maintaining its strategic focus while navigating the evolving banking landscape. The upbeat quarterly results underscore the bank's resilience and its ability to adapt in a challenging environment.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 2 analysts, the average target price for OP Bancorp (OPBK, Financial) is $15.75 with a high estimate of $16.50 and a low estimate of $15.00. The average target implies an upside of 31.69% from the current price of $11.96. More detailed estimate data can be found on the OP Bancorp (OPBK) Forecast page.
Based on the consensus recommendation from 2 brokerage firms, OP Bancorp's (OPBK, Financial) average brokerage recommendation is currently 2.5, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for OP Bancorp (OPBK, Financial) in one year is $11.95, suggesting a downside of 0.08% from the current price of $11.96. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the OP Bancorp (OPBK) Summary page.
