Opus Bank (OPB) to Release Earnings on Monday

Opus Bank (NASDAQ:OPB) is scheduled to be posting its quarterly earnings results before the market opens on Monday, October 23rd. Analysts expect Opus Bank to post earnings of $0.34 per share for the quarter.

Opus Bank (NASDAQ:OPB) last announced its quarterly earnings data on Monday, July 24th. The financial services provider reported $0.51 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.29 by $0.22. Opus Bank had a return on equity of 2.76% and a net margin of 1.15%. The company had revenue of $79.83 million for the quarter, compared to analyst estimates of $71.47 million. The company’s revenue was down 49.3% compared to the same quarter last year. On average, analysts expect Opus Bank to post $0 EPS for the current fiscal year and $1.25 EPS for the next fiscal year.

Shares of Opus Bank (OPB) opened at 23.95 on Monday. The firm has a market cap of $895.47 million, a price-to-earnings ratio of 223.83 and a beta of 1.09. Opus Bank has a one year low of $18.20 and a one year high of $35.04. The stock’s 50 day moving average price is $23.08 and its 200 day moving average price is $22.67.

A number of equities research analysts recently issued reports on the company. Zacks Investment Research raised Opus Bank from a “sell” rating to a “hold” rating in a research report on Wednesday, August 9th. Piper Jaffray Companies reissued a “buy” rating and set a $27.00 price target on shares of Opus Bank in a research report on Friday, October 6th. ValuEngine raised Opus Bank from a “sell” rating to a “hold” rating in a research report on Wednesday, September 27th. TheStreet raised Opus Bank from a “c” rating to a “b-” rating in a research report on Thursday, July 13th. Finally, BidaskClub downgraded Opus Bank from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 12th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $27.33.

COPYRIGHT VIOLATION WARNING: This piece was originally posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this piece on another website, it was illegally copied and reposted in violation of US & international copyright laws. The legal version of this piece can be read at https://ledgergazette.com/2017/10/16/opus-bank-opb-to-release-earnings-on-monday.html.

About Opus Bank

Opus Bank is a commercial bank. The Company provides banking products, services and solutions to its clients through its Retail Bank, Commercial Bank, Merchant Bank, and Correspondent Bank. The Company’s Commercial Bank consists Commercial Banking, Business Banking, He

Opus Bank (NASDAQ:OPB) last announced its quarterly earnings data on Monday, July 24th. The financial services provider reported $0.51 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.29 by $0.22. Opus Bank had a return on equity of 2.76% and a net margin of 1.15%. The company had revenue of $79.83 million for the quarter, compared to analyst estimates of $71.47 million. The company’s revenue was down 49.3% compared to the same quarter last year. On average, analysts expect Opus Bank to post $0 EPS for the current fiscal year and $1.25 EPS for the next fiscal year.

Shares of Opus Bank (OPB) opened at 23.95 on Monday. The firm has a market cap of $895.47 million, a price-to-earnings ratio of 223.83 and a beta of 1.09. Opus Bank has a one year low of $18.20 and a one year high of $35.04. The stock’s 50 day moving average price is $23.08 and its 200 day moving average price is $22.67.

A number of equities research analysts recently issued reports on the company. Zacks Investment Research raised Opus Bank from a “sell” rating to a “hold” rating in a research report on Wednesday, August 9th. Piper Jaffray Companies reissued a “buy” rating and set a $27.00 price target on shares of Opus Bank in a research report on Friday, October 6th. ValuEngine raised Opus Bank from a “sell” rating to a “hold” rating in a research report on Wednesday, September 27th. TheStreet raised Opus Bank from a “c” rating to a “b-” rating in a research report on Thursday, July 13th. Finally, BidaskClub downgraded Opus Bank from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 12th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $27.33.

COPYRIGHT VIOLATION WARNING: This piece was originally posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this piece on another website, it was illegally copied and reposted in violation of US & international copyright laws. The legal version of this piece can be read at https://ledgergazette.com/2017/10/16/opus-bank-opb-to-release-earnings-on-monday.html.

About Opus Bank

Opus Bank is a commercial bank. The Company provides banking products, services and solutions to its clients through its Retail Bank, Commercial Bank, Merchant Bank, and Correspondent Bank. The Company’s Commercial Bank consists Commercial Banking, Business Banking, Healthcare Banking, Technology Banking, Fiduciary Banking, Institutional Syndications and Commercial Real Estate Banking (CREB), which includes Income Property Banking, its Structured Finance Group and Capital Markets Group.

Earnings History for Opus Bank (NASDAQ:OPB)

Receive News & Ratings for Opus Bank Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Opus Bank and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply