Opus Bank’s “Overweight” Rating Reaffirmed at JPMorgan Chase & Co. (OPB)
Opus Bank (NYSE:OPB)‘s stock had its “overweight” rating reiterated by equities researchers at JPMorgan Chase & Co. in a research report issued on Tuesday. They currently have a $37.00 price objective on the stock, up from their previous price objective of $36.00. JPMorgan Chase & Co.’s price target points to a potential upside of 24.47% from the company’s current price.
Shares of Opus Bank (NYSE:OPB) traded up 1.43% on Tuesday, hitting $29.72. 166,120 shares of the company’s stock traded hands. Opus Bank has a 52 week low of $28.19 and a 52 week high of $32.66. The stock’s 50-day moving average is $29.5 and its 200-day moving average is $29.85. The company has a market cap of $686.7 million and a P/E ratio of 5.72.
Opus Bank (NYSE:OPB) last released its earnings data on Monday, July 28th. The company reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.06. Analysts expect that Opus Bank will post $1.35 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at CRT Capital initiated coverage on shares of Opus Bank in a research note on Monday, July 14th. They set a “buy” rating on the stock. Separately, analysts at Furey Research Partners initiated coverage on shares of Opus Bank in a research note on Monday, July 14th. They set a “buy” rating and a $41.00 price target on the stock. Finally, analysts at Keefe, Bruyette & Woods initiated coverage on shares of Opus Bank in a research note on Tuesday, May 13th. They set an “outperform” rating and a $36.00 price target on the stock. Six research analysts have rated the stock with a buy rating, Opus Bank currently has an average rating of “Buy” and a consensus target price of $37.00.
Opus Bank (NYSE:OPB) is a state-charted commercial bank.
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