Recent Analysts’ Ratings Updates for Opus Bank (OPB)

Several analysts have recently updated their ratings and price targets for Opus Bank (NASDAQ: OPB):

  • 4/6/2018 – Opus Bank was given a new $30.00 price target on by analysts at Hovde Group. They now have a “hold” rating on the stock.
  • 4/4/2018 – Opus Bank was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 3/28/2018 – Opus Bank was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 3/27/2018 – Opus Bank was upgraded by analysts at Zacks Investment Research from a “strong sell” rating to a “hold” rating. According to Zacks, “Opus Bank is a state-charted commercial bank. The Bank accepts deposits, loans, and provides other services for the public. It provides relationship-based banking products, services and loan products for small to mid-sized commercial businesses, entrepreneurs, real estate investors, professionals and consumers. Opus Bank is headquartered in Irvine, California. “
  • 3/20/2018 – Opus Bank was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 2/28/2018 – Opus Bank was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “sell” rating. According to Zacks, “Opus Bank is a state-charted commercial bank. The Bank accepts deposits, loans, and provides other services for the public. It provides relationship-based banking products, services and loan products for small to mid-sized commercial businesses, entrepreneurs, real estate investors, professionals and consumers. Opus Bank is headquartered in Irvine, California. “
  • 2/27/2018 – Opus Bank had its “hold” rating reaffirmed by analysts at Keefe, Bruyette & Woods. They now have a $31.00 price target on the stock.

Opus Bank stock traded down $0.30 during midday trading on Tuesday, reaching $28.05. 64,015 shares of the stock were exchanged, compared to its average volume of 195,494. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.43. The firm has a market capitalization of $970.01, a PE ratio of 18.83 and a beta of 0.94. Opus Bank has a 52 week low of $19.60 and a 52 week high of $30.95.

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Opus Bank (NASDAQ:OPB) last posted its earnings results on Monday, January 22nd. The financial services provider reported $0.26 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.40 by ($0.14). The firm had revenue of $64.60 million for the quarter, compared to the consensus estimate of $67.30 million. Opus Bank had a return on equity of 5.98% and a net margin of 15.45%. The business’s revenue was down 25.8% on a year-over-year basis. During the same period last year, the company posted ($0.55) EPS. research analysts forecast that Opus Bank will post 1.92 earnings per share for the current year.

A number of institutional investors have recently bought and sold shares of OPB. Louisiana State Employees Retirement System bought a new position in shares of Opus Bank in the 4th quarter worth $202,000. Teacher Retirement System of Texas bought a new position in shares of Opus Bank in the 4th quarter worth $212,000. FDx Advisors Inc. bought a new position in shares of Opus Bank in the 4th quarter worth $213,000. UBS Asset Management Americas Inc. bought a new position in shares of Opus Bank in the 4th quarter worth $221,000. Finally, Bank of Montreal Can increased its holdings in shares of Opus Bank by 21.1% in the 4th quarter. Bank of Montreal Can now owns 10,102 shares of the financial services provider’s stock worth $276,000 after buying an additional 1,762 shares during the last quarter. 98.10% of the stock is currently owned by institutional investors and hedge funds.

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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