OP Bancorp (Nasdaq:OPBK) is a bank holding company that operates Open Bank, which provides banking products and services in California. Its offerings include demand, checking, savings, money market, and time deposit accounts, along with certificates of deposit. With about USD 2.1 billion in assets, Open Bank manages 11 offices.
Comps: Salisbury Bancorp, Inc. (Nasdaq:SAL), Meridian Corporation (Nasdaq:MRBK)
In comparison to other banking firms, OP Bancorp stands out in several key areas. Its price-to-earnings ratio of 4.3 sets it apart, and it also boasts higher profit margin, return on equity, and net income than its counterparts. Moreover, its earnings per share outperform those of Meridian Corporation. Overall, OP Bancorp’s robust earnings, coupled with its 5.3% yield to investors, position it as a solid choice in the market.