JCSD Capital LLC Buys Shares of 434,816 Op Bancorp (OPBK)

JCSD Capital LLC bought a new stake in shares of Op Bancorp (OTCMKTS:OPBK) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 434,816 shares of the company’s stock, valued at approximately $5,413,000. Op Bancorp makes up approximately 3.9% of JCSD Capital LLC’s holdings, making the stock its 8th largest holding. JCSD Capital LLC owned approximately 2.86% of Op Bancorp as of its most recent filing with the Securities and Exchange Commission.

Separately, Wasatch Advisors Inc. acquired a new position in shares of Op Bancorp in the first quarter valued at about $2,439,000.

OPBK has been the topic of a number of research reports. Keefe, Bruyette & Woods initiated coverage on Op Bancorp in a report on Monday, April 23rd. They issued a “market perform” rating on the stock. DA Davidson initiated coverage on Op Bancorp in a report on Monday, April 23rd. They issued a “neutral” rating and a $14.00 price objective on the stock.

Shares of Op Bancorp opened at $12.37 on Friday, MarketBeat Ratings reports. Op Bancorp has a fifty-two week low of $7.60 and a fifty-two week high of $13.08.

Op Bancorp (OTCMKTS:OPBK) last issued its earnings results on Thursday, April 26th. The company reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.02). The firm had revenue of $11.77 million during the quarter, compared to analysts’ expectations of $12.20 million.

In related news, Director Yong Sin Shin bought 10,000 shares of the stock in a transaction dated Thursday, March 29th. The shares were purchased at an average price of $11.00 per share, for a total transaction of $110,000.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Christine Yoon Oh bought 5,000 shares of the stock in a transaction dated Thursday, March 29th. The stock was bought at an average price of $11.00 per share, for a total transaction of $55,000.00. The disclosure for this purchase can be found here.

Op Bancorp Profile

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.

Institutional Ownership by Quarter for Op Bancorp (OTCMKTS:OPBK)

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