Opus Bank (NASDAQ:OPB) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released on Saturday.

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. “

Several other equities research analysts also recently weighed in on OPB. Piper Jaffray Companies reissued an “overweight” rating and set a $24.00 price target (down previously from $25.00) on shares of Opus Bank in a research report on Monday, April 17th. TheStreet raised shares of Opus Bank from a “d+” rating to a “c” rating in a research report on Monday, April 24th. Finally, ValuEngine downgraded shares of Opus Bank from a “hold” rating to a “sell” rating in a research report on Friday, June 2nd. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the stock. Opus Bank presently has a consensus rating of “Hold” and a consensus target price of $26.67.

Shares of Opus Bank (OPB) opened at 23.75 on Friday. The company has a market capitalization of $884.09 million, a price-to-earnings ratio of 465.69 and a beta of 1.08. The firm’s 50-day moving average price is $22.72 and its 200-day moving average price is $23.15. Opus Bank has a one year low of $18.20 and a one year high of $37.34.

Opus Bank (NASDAQ:OPB) last announced its quarterly earnings results on Monday, April 24th. The financial services provider reported $0.24 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.30 by $0.06. The firm had revenue of $68.59 million for the quarter, compared to the consensus estimate of $72.14 million. Opus Bank had a net margin of 0.53% and a return on equity of 2.46%. Analysts anticipate that Opus Bank will post $1.23 earnings per share for the current year.

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Several large investors have recently modified their holdings of OPB. UBS Group AG increased its stake in shares of Opus Bank by 23.4% in the first quarter. UBS Group AG now owns 4,969 shares of the financial services provider’s stock worth $100,000 after buying an additional 941 shares during the last quarter. Bank of Montreal Can increased its stake in shares of Opus Bank by 262.1% in the first quarter. Bank of Montreal Can now owns 8,340 shares of the financial services provider’s stock worth $168,000 after buying an additional 6,037 shares during the last quarter. New York State Teachers Retirement System increased its stake in shares of Opus Bank by 6.3% in the first quarter. New York State Teachers Retirement System now owns 8,459 shares of the financial services provider’s stock worth $170,000 after buying an additional 500 shares during the last quarter. Thrivent Financial for Lutherans increased its stake in shares of Opus Bank by 6.1% in the fourth quarter. Thrivent Financial for Lutherans now owns 9,840 shares of the financial services provider’s stock worth $296,000 after buying an additional 570 shares during the last quarter. Finally, Tudor Investment Corp Et Al acquired a new stake in shares of Opus Bank during the fourth quarter worth about $334,000. 91.73% of the stock is owned by hedge funds and other institutional investors.

Opus Bank Company Profile

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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Analyst Recommendations for Opus Bank (NASDAQ:OPB)

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