OP Bancorp Dossier
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SectorFinancials IndustryRegional Banks Beta (adjusted)0.74 Intrinsic Value Insufficient data for a value estimateNot enough reliable inputs to publish a fair value for this company yet. Market Price $15.23Price as of 1 Oct 2026 Data confidence Sign in to view data confidence Market Cap $227.4M Enterprise Value $77.4M Shares Outstanding 15M diluted Next Earnings Date22 Oct 2026 Last ex-dividend7 May 2026 All prices and values are periodic snapshots, not live quotes. Source dates are shown for reference. ThesisStreet consensus, scenarios, merits, risks, and invalidation triggers Thesis Summary OP Bancorp (OPBK) represents a highly profitable, niche-focused community bank serving small-to-medium businesses with a strong emphasis on the Korean-American community. The bank has demonstrated robust balance sheet growth, stable asset quality, and resilient net interest margins (3.19% in Q1 2026) despite industry-wide deposit cost pressures. Trading at a highly attractive valuation multiple (P/E of ~7.7x and P/B of ~0.9x), OPBK offers a compelling risk-reward profile supported by a strong capital position (CET1 of 10.82%) and a growing dividend yield of over 3.5%. This section is the 12-month view: analyst targets and the probability-weighted scenarios built from them. The intrinsic value at the top of this page answers a different question: what the business is worth today. Street view · analyst 12-month targets Low · most bearish analyst$17.00 Mean target$17.00 High · most bullish analyst$17.00 Our research · scenarios, merits, risks, and invalidation triggersResearch as of 20 Jun 2026 Scenarios · 12-month scenario targets Bear CaseDownside scenario $13.0020% Intense competition for deposits in the Southern California Korean-American market prevents deposit costs from falling, leading to NIM compression below 3.00%. Simultaneously, a slowdown in commercial real estate (CRE) markets leads to rising nonaccrual loans and higher provisions for credit losses, dragging quarterly EPS down to $0.38. Base CaseCentral scenario $17.0050% Matches the consensus meanThe bank maintains steady loan growth of 5-8% annually while keeping credit costs and nonperforming assets well-controlled. Net interest margin stabilizes around 3.15%-3.20% as deposit costs reprice downward. Steady quarterly EPS of $0.47-$0.50 supports the newly raised quarterly dividend of $0.14 per share, leading to moderate multiple expansion. Bull CaseUpside scenario $17.0030% Strong loan production and relationship-driven deposit acquisition lead to faster-than-expected balance sheet expansion. Rapid repricing of time deposits following Federal Reserve rate cuts drives net interest margin expansion back toward 3.30%, while SBA loan sale activity rebounds strongly, pushing quarterly EPS above $0.55. Scenarios are anchored to street consensus at the research date, with our probabilities and rationale. Key Investment Merits
Key Investment Risks
Thesis Invalidation Triggers
All scenarios are estimates and subject to change. Past performance is not indicative of future results. Quality Pillars MembersThis section is available to registered members. Create a free account or sign in to unlock the full breakdown. Explore this dossierValuationIntrinsic value, the six-method breakdown, peer medians, and your assumptions sandbox.Financial SnapshotRevenue, profitability, returns, balance sheet, dividends, and the filing-level detail.Qualitative AnalysisBusiness overview, strategic initiatives, and mergers, acquisitions & partnerships.Outlook & Key DatesForward estimates, reporting calendar, and the monitoring framework. |