OPBK
With all the banks the story is higher deposit expense which is now starting to cut in to nims and essentially profitability.
As for OPBK
Asset quality- Is still very good.
Loan Growth- Loan Growth is outstanding Grew decently quarter over quarter and up almost 23% y/y. So that is also excellent.
Dividend Yield- You get paid to wait, the yield is about 4.15%. So that is a strong plus.
Book Value- Book value went up .40 sequentially And is essentially trading at Book which is cheap for a bank, they normally trade about 1.5 time book.
Now earning of .51 was a little light of my expectations. Obviously Nims coming in this quarter was a part, also noninterest income falling was part as well sequentially. I do expect earnings to probaby be about $2.10-$2.25 in fy 23 based on NIMS Contraction a bit. Having said that this bank should at minimum trade in the mid to upper teens. I was slightly disappointed with the quarter, but with the constant insider buying as well. This stock is too cheap to think about selling. All is just my opinion, and I could always be wrong though.
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