Martingale Asset Management L P purchased a new stake in Op Bancorp (OTCMKTS:OPBK) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 18,510 shares of the company’s stock, valued at approximately $236,000. Martingale Asset Management L P owned approximately 0.12% of Op Bancorp as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in OPBK. Rhumbline Advisers acquired a new stake in shares of Op Bancorp during the second quarter valued at $137,000. Schwab Charles Investment Management Inc. acquired a new stake in shares of Op Bancorp during the second quarter valued at $291,000. Citadel Advisors LLC acquired a new stake in shares of Op Bancorp during the first quarter valued at $376,000. Acadian Asset Management LLC acquired a new stake in shares of Op Bancorp during the second quarter valued at $381,000. Finally, Bank of New York Mellon Corp acquired a new stake in shares of Op Bancorp during the second quarter valued at $390,000.

OPBK opened at $12.04 on Friday. Op Bancorp has a 52 week low of $8.30 and a 52 week high of $14.10.

Op Bancorp (OTCMKTS:OPBK) last posted its quarterly earnings results on Thursday, July 26th. The company reported $0.23 EPS for the quarter, beating the consensus estimate of $0.22 by $0.01. The firm had revenue of $12.77 million during the quarter, compared to analyst estimates of $12.40 million.

Separately, Zacks Investment Research lowered Op Bancorp from a “hold” rating to a “sell” rating in a research note on Tuesday, June 26th.

In other Op Bancorp news, insider Steve K. Park sold 25,000 shares of the company’s stock in a transaction that occurred on Thursday, August 16th. The stock was sold at an average price of $12.55, for a total value of $313,750.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

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.

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

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