OPBK Stock Summary and Trading Ideas (Op Bancorp | NASDAQ:OPBK)

OP Bancorp is engaged in the general commercial banking business in Los Angeles, Orange, and Santa Clara Counties, California, Carrollton, Texas, and Las Vegas, Nevada. The Bank is focused on serving the banking needs of small- and medium-sized businesses, professionals, and residents with a particular emphasis on Korean and other ethnic minority communities. It operates with eleven full branches.

Op Bancorp trades on the NASDAQ stock market under the symbol OPBK.

As of May 10, 2024, OPBK stock price declined to $9.89 with 16,334 million shares trading.

OPBK has a beta of 0.78, meaning it tends to be less sensitive to market movements. OPBK has a correlation of 0.13 to the broad based SPY ETF.

OPBK has a market cap of $148.18 million. This is considered a Micro Cap stock.

Last quarter Op Bancorp reported $20 million in Revenue and $.34 earnings per share. This beat revenue expectation by $665,000 and exceeded earnings estimates by $.06.

In the last 3 years, OPBK stock traded as high as $14.86 and as low as $7.50.

The top ETF exchange traded funds that OPBK belongs to (by Net Assets): VTI, VXF, AVUV, DFAT, BSVO.

OPBK has outperformed the market in the last year with a price return of +29.0% while the SPY ETF gained +27.8%. However, in the short term, OPBK had mixed performance relative to the market. It has underperformed in the last 3 months, returning -0.3% vs +4.2% return in SPY. But in the last 2 weeks, OPBK shares have fared better than the market returning +7.2% compared to SPY +2.5%.

OPBK support price is $9.70 and resistance is $10.10 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that OPBK stock will trade within this expected range on the day.