Choi Buys More Op Bancorp Shares, Showing Confidence in the Bank

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Op Bancorp Intrinsic Value – OP ($NASDAQ:OPBK): He is clearly bullish on the company’s prospects and believes that it is a good long-term investment. The bank has been performing well recently, reporting strong earnings in the third quarter. It is also benefiting from the ongoing digitalization of the banking sector.

Given Choi’s insider knowledge and confidence in the company, his latest purchase is a positive sign for investors. It indicates that he believes the bank is a good long-term investment with strong prospects.

Market Price

The news sent shockwaves through the financial world, as Choi is one of the most respected investors in the world. So far, the news has been met with mostly positive sentiment. Many analysts believe that Choi’s vote of confidence will help to stabilize the bank’s stock price, which has been volatile in recent months. At the time of writing, OP BANCORP stock opened at $11.1 and closed at $11.2, down by 0.1% from its last closing price.

VI Analysis – Op Bancorp Intrinsic Value

The intrinsic value of OP BANCORP is around $13.1, calculated by VI Line. The current market price of $11.2 implies that the stock is undervalued by 14%. The company’s fundamentals reflect its long-term potential, and the below analysis on OP BANCORP is made simple by VI app.

OP BANCORP has a strong capital position, with a Tier 1 capital ratio of 11.1%. The company is also expanding its branch network and has a good market share in its target markets.

VI Peers

OP Bancorp‘s competitors include Primis Financial Corp, Investar Holding Corp, and The Community Financial Corp.

– Primis Financial Corp ($NASDAQ:FRST)

Primis Financial Corp is a specialty finance company that provides financing solutions to small and medium-sized businesses in the United States. The company has a market cap of 317.74M as of 2022. Primis offers a variety of financing products, including working capital loans, equipment loans, and lines of credit. The company also provides merchant cash advances and invoice factoring services.

– Investar Holding Corp ($NASDAQ:ISTR)

As of 2022, Investar Holding Corp has a market cap of 213.27M. The company is a holding company that operates through its subsidiaries in the financial services industry. Its subsidiaries include Investar Bank, which offers commercial banking services; and Investar Mortgage, which offers mortgage banking services.

– The Community Financial Corp ($NASDAQ:TCFC)

The Community Financial Corp is a bank holding company that operates through its subsidiaries. The company provides banking and financial services to individuals and businesses in the United States. It offers a range of deposit products, including checking and savings accounts, money market accounts, and certificates of deposit. The company also provides loans, including home equity loans, auto loans, and personal loans. In addition, it offers credit cards, online banking, and mobile banking services. The Community Financial Corp has a market cap of 213.35M as of 2022.

Summary

Investing in OP BANCORP is a smart move for any investor looking to gain exposure to the banking industry. The company has a strong financial foundation, with a history of profitability and a strong capital base. Additionally, OP BANCORP has a strong focus on customer service and satisfaction, which has resulted in a loyal customer base. The company also has a strong presence in the communities it serves, which provides it with a stable source of revenue.