OP Bancorp (OPBK) is a Great Momentum Stock: Should You Buy?

Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, aiming to buy high and sell higher, with the expectation that established trends will continue [1] Company Overview: OP Bancorp (OPBK) - OP Bancorp currently holds a Momentum Style Score of A, indicating strong momentum characteristics [2] - The company has a Zacks Rank of 2 (Buy), suggesting it is positioned for potential outperformance in the market [3] Performance Metrics - OPBK shares have increased by 9.8% over the past week, outperforming the Zacks Banks - Southwest industry, which rose by 2.55% [5] - Over the past month, OPBK's price change is 8.79%, compared to the industry's 2.7% [5] - In the last quarter, OPBK shares rose by 17.66%, and over the past year, they increased by 36.16%, while the S&P 500 saw gains of 10.83% and 14.92%, respectively [6] Trading Volume - The average 20-day trading volume for OPBK is 152,317 shares, which serves as a baseline for price-to-volume analysis [7] Earnings Outlook - In the past two months, one earnings estimate for OPBK has increased, while none have decreased, raising the consensus estimate from $1.68 to $1.71 [9] - For the next fiscal year, one estimate has also moved upwards with no downward revisions [9] Conclusion - Given the strong performance metrics and positive earnings outlook, OP Bancorp is identified as a promising momentum pick with a Momentum Score of A and a Zacks Rank of 2 (Buy) [11]