OP Bancorp price target raised to $17 from $16.50 at DA Davidson

DA Davidson raised the firm’s price target on OP Bancorp (OPBK) to $17 from $16.50 and keeps a Buy rating on the shares. The company’s results were generally in line with expectations as lower than projected expenses drove the earnings beat, and the firm expects a positive net interest income trajectory from here driven by growth more so than net interest margin expansion, the analyst tells investors in a research note.