Education
About Us
Working with TipRanks
Follow Us
OP Bancorp (OPBK)
NASDAQ:OPBK
Top Page
OP Bancorp
(NASDAQ:OPBK)
65Neutral
OP Bancorp (OPBK) vs. S&P 500 (SPY)
Market Cap
$179.81M
Dividend Yield3.95%
Average Volume (3M)32.51K
Price to Earnings (P/E)8.7
Beta (1Y)0.74
Revenue Growth13.38%
EPS Growth-9.63%
CountryUS
Employees222
SectorFinancial
Sector Strength86
IndustryBanks - Regional
Share Statistics
EPS (TTM)1.39
Shares Outstanding14,811,671
10 Day Avg. Volume38,007
30 Day Avg. Volume32,506
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)2.26
Price to Cash Flow (P/CF)3.40
P/FCF Ratio1.70
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
$19.00Price Target Upside59.00% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
OP Bancorp Business Overview & Revenue Model
Company DescriptionOP Bancorp (NASDAQ: OPBK) is a bank holding company headquartered in Los Angeles, California, primarily serving the Korean-American community. The company operates through its wholly-owned subsidiary, Open Bank, which provides a wide range of commercial banking services. Core services include deposit products, such as demand, savings, money market, and time deposits, as well as lending products, including commercial real estate loans, small business administration (SBA) loans, and commercial and industrial loans. OP Bancorp is dedicated to offering personalized financial solutions to its clients primarily in the Los Angeles metropolitan area, with a focus on businesses, professionals, and consumers in its community.
How the Company Makes MoneyOP Bancorp generates revenue primarily through its subsidiary, Open Bank, by offering a variety of financial products and services. The bank's primary revenue streams include interest income from loans and investment securities, as well as non-interest income from service charges, fees, and other banking services. Interest income is derived mainly from its loan portfolio, which consists of commercial real estate loans, SBA loans, and commercial and industrial loans. The bank also earns interest income from its investments in securities. Non-interest income is generated from service charges on deposit accounts, fees from merchant services, and gains from the sale of loans, particularly SBA loans. Additionally, OP Bancorp leverages its relationships within the Korean-American community to foster growth and build a loyal customer base, which contributes to its sustained earnings.
OP Bancorp Financial Statement Overview
Summary
Overall, OP Bancorp demonstrates strong revenue growth and profitability, supported by a stable balance sheet with low leverage. Cash flow management is an area for improvement, given the recent decline in operating cash flow. The company's financial health is solid, but attention to cash flow sustainability and equity reliance is advised.Income Statement
OP Bancorp shows a robust performance with a high gross profit margin of 99.99% and a healthy net profit margin of 16.20% TTM, indicating strong profitability. However, the revenue growth rate from 2023 to TTM is 61.63%, showcasing significant growth. The EBIT margin stands at 43.42% TTM, reflecting efficient cost management despite a decrease in net income from the previous year.78
Positive
Balance Sheet
The balance sheet is solid with a low debt-to-equity ratio of 0.41, suggesting prudent financial leverage. The return on equity of 10.45% TTM is satisfactory, indicating effective use of equity. An equity ratio of 8.53% TTM highlights a stable financial structure, although it indicates reliance on liabilities.82
Very Positive
Cash Flow
Cash flow analysis shows variability with a decrease in operating cash flow from last year. The free cash flow growth rate is negative due to reduced operating cash flow, yet the free cash flow to net income ratio of 1.15 TTM suggests that the company generates sufficient cash relative to its net income.75
Positive
| Breakdown | |||||
| TTM | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 131.26M | 81.22M | 94.53M | 77.04M | 56.13M | 55.70M | Gross Profit |
| 131.25M | 81.22M | 94.53M | 77.04M | 56.13M | 55.70M | EBIT |
| 56.99M | 34.83M | 58.02M | 40.66M | 18.29M | 22.08M | EBITDA |
| 0.00 | 34.83M | 48.09M | 41.97M | 19.54M | 23.22M | Net Income Common Stockholders |
| 21.27M | 23.92M | 33.31M | 28.84M | 13.13M | 16.76M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 133.06M | 91.22M | 292.78M | 265.90M | 198.20M | 142.59M | Total Assets |
| 1.04B | 2.15B | 2.09B | 1.73B | 1.37B | 1.18B | Total Debt |
| 0.00 | 114.34M | 10.26M | 10.31M | 13.43M | 10.13M | Net Debt |
| -77.73M | 23.13M | -72.71M | -105.15M | -92.98M | -75.91M | Total Liabilities |
| 1.72M | 1.96B | 1.92B | 1.56B | 1.22B | 1.04B | Stockholders Equity |
| 129.79M | 192.63M | 176.92M | 165.24M | 143.41M | 140.58M |
| Cash Flow | Free Cash Flow | ||||
| 24.49M | 65.66M | 82.32M | -29.40M | -5.47M | 16.42M | Operating Cash Flow |
| 24.72M | 67.84M | 83.73M | -28.28M | -4.85M | 18.16M | Investing Cash Flow |
| -160.73M | -75.97M | -461.78M | -286.04M | -147.07M | -117.41M | Financing Cash Flow |
| 208.19M | 16.37M | 345.56M | 323.47M | 172.29M | 107.56M |
OP Bancorp Technical Analysis
Negative
11.95
Price Trends
13.45
Negative
14.80
Negative
13.22
Negative
Market Momentum
-0.38
Negative
36.77
Neutral
13.56
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For OPBK, the sentiment is Negative. The current price of 11.95 is below the 20-day moving average (MA) of 12.37, below the 50-day MA of 13.45, and below the 200-day MA of 13.22, indicating a bearish trend. The MACD of -0.38 indicates Negative momentum. The RSI at 36.77 is Neutral, neither overbought nor oversold. The STOCH value of 13.56 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for OPBK.
OP Bancorp Risk Analysis
OP Bancorp disclosed 73 risk factors in its most recent earnings report. OP Bancorp reported the most risks in the “Finance & Corporate” category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
OP Bancorp Peers Comparison
Overall Rating
UnderperformOutperform
Sector (63)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | $12.58B | 11.08 | 15.89% | 2.44% | 13.84% | 2.04% | |
71 Outperform | $690.29M | 11.17 | 8.60% | 4.46% | 8.33% | -21.76% | |
68 Neutral | $3.05B | 11.03 | 10.25% | 3.13% | 8.05% | -18.64% | |
67 Neutral | $1.28B | 12.96 | 4.68% | 5.26% | -6.33% | -25.89% | |
66 Neutral | $2.10B | 13.28 | 5.34% | 6.04% | 26.76% | 455.85% | |
65 Neutral | $179.81M | 8.74 | 10.45% | 3.95% | 13.38% | -9.63% | |
63 Neutral | $14.27B | 10.10 | 9.00% | 4.28% | 16.47% | -11.43% |
* Financial Sector Average
Performance Comparison
OPBK
OP Bancorp
11.95
2.35
24.48%
HOPE
Hope Bancorp
10.42
-0.21
-1.98%
CATY
Cathay General Bancorp
42.63
6.85
19.14%
EWBC
East West Bancorp
89.07
13.02
17.12%
HAFC
Hanmi Financial
22.58
7.86
53.40%
PPBI
Pacific Premier Bancorp
21.25
-1.08
-4.84%
Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.