Op Bancorp (OPBK) Holdings Cut by Pacific Ridge Capital Partners LLC
Pacific Ridge Capital Partners LLC lessened its position in Op Bancorp (OTCMKTS:OPBK) by 10.3% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 232,878 shares of the company’s stock after selling 26,699 shares during the period. Pacific Ridge Capital Partners LLC’s holdings in Op Bancorp were worth $2,701,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in OPBK. Bank of New York Mellon Corp bought a new stake in shares of Op Bancorp during the 2nd quarter valued at about $390,000. Maltese Capital Management LLC boosted its stake in shares of Op Bancorp by 10.8% during the 2nd quarter. Maltese Capital Management LLC now owns 249,200 shares of the company’s stock valued at $3,170,000 after purchasing an additional 24,200 shares in the last quarter. EJF Capital LLC boosted its stake in shares of Op Bancorp by 33.4% during the 3rd quarter. EJF Capital LLC now owns 744,781 shares of the company’s stock valued at $8,639,000 after purchasing an additional 186,430 shares in the last quarter. BlackRock Inc. bought a new stake in shares of Op Bancorp during the 2nd quarter valued at about $7,146,000. Finally, Northern Trust Corp bought a new stake in shares of Op Bancorp during the 2nd quarter valued at about $1,339,000.
Separately, Zacks Investment Research lowered shares of Op Bancorp from a “hold” rating to a “strong sell” rating in a research note on Saturday, November 3rd.
Op Bancorp (OTCMKTS:OPBK) last issued its quarterly earnings results on Thursday, October 25th. The company reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.02). The company had revenue of $12.77 million for the quarter, compared to the consensus estimate of $12.90 million.
Op Bancorp Company 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.
Read More: How to interpret a stock’s beta number
Want to see what other hedge funds are holding OPBK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Op Bancorp (OTCMKTS:OPBK).
Receive News & Ratings for Op Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Op Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.