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Fly News Breaks for April 23, 2018
OPBK
Apr 23, 2018 | 06:06 EDT
DA Davidson analyst Gary Tenner initiated OP Bancorp with a Neutral rating and a price target of $14, saying the company offers a "diversified loan portfolio" and a deposit mix comparable to a like size mainstream commercial bank, along with a higher yielding SBA loans and a "niche demographic" of Korean Americans that is still a growth segment. Tenner expects OP Bancorp to sustain its double-digit balance sheet growth and leverage its new capital toward organic and M&A-based expansion.
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