Opus Bank (NASDAQ:OPB) has earned a consensus rating of “Hold” from the eight research firms that are covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating on the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $27.33.
Several research firms recently weighed in on OPB. Piper Jaffray Companies restated a “buy” rating and set a $27.00 price target on shares of Opus Bank in a research report on Wednesday, July 12th. TheStreet upgraded shares of Opus Bank from a “c+” rating to a “b-” rating in a research report on Wednesday, October 25th. BidaskClub downgraded shares of Opus Bank from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 12th. ValuEngine upgraded shares of Opus Bank from a “sell” rating to a “hold” rating in a research report on Wednesday, September 27th. Finally, Zacks Investment Research upgraded shares of Opus Bank from a “sell” rating to a “hold” rating in a research report on Wednesday, August 9th.
Several large investors have recently bought and sold shares of OPB. Karp Capital Management Corp purchased a new position in shares of Opus Bank during the 1st quarter worth approximately $224,000. JPMorgan Chase & Co. purchased a new position in shares of Opus Bank during the 1st quarter worth approximately $334,000. OppenheimerFunds Inc. purchased a new position in shares of Opus Bank during the 1st quarter worth approximately $333,000. Principal Financial Group Inc. boosted its position in shares of Opus Bank by 3.3% during the 1st quarter. Principal Financial Group Inc. now owns 148,778 shares of the financial services provider’s stock worth $2,998,000 after purchasing an additional 4,815 shares during the period. Finally, California Public Employees Retirement System boosted its position in shares of Opus Bank by 129.9% during the 1st quarter. California Public Employees Retirement System now owns 17,700 shares of the financial services provider’s stock worth $357,000 after purchasing an additional 10,000 shares during the period.
Opus Bank (OPB) traded down $0.10 during trading on Friday, hitting $24.90. 126,191 shares of the stock traded hands, compared to its average volume of 184,039. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.92 and a current ratio of 0.90. Opus Bank has a twelve month low of $18.45 and a twelve month high of $30.60. The stock has a market cap of $889.46, a PE ratio of 34.60 and a beta of 1.12.
Opus Bank (NASDAQ:OPB) last posted its earnings results on Monday, October 23rd. The financial services provider reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.20. Opus Bank had a net margin of 8.30% and a return on equity of 3.11%. The business had revenue of $68.20 million for the quarter, compared to analyst estimates of $70.45 million. During the same period in the prior year, the company posted ($0.09) EPS. The company’s revenue for the quarter was down 3.7% on a year-over-year basis. research analysts forecast that Opus Bank will post 1.5 earnings per share for the current year.
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.
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