Opus Bank (OPB) Scheduled to Post Quarterly Earnings on Monday
Opus Bank (NASDAQ:OPB) is scheduled to issue its quarterly earnings data before the market opens on Monday, July 24th. Analysts expect the company to announce earnings of $0.29 per share for the quarter.
Opus Bank (NASDAQ:OPB) last issued its quarterly earnings results on Monday, April 24th. The financial services provider reported $0.24 EPS for the quarter, missing the consensus estimate of $0.30 by $0.06. Opus Bank had a return on equity of 2.46% and a net margin of 0.53%. The business had revenue of $68.59 million for the quarter, compared to analyst estimates of $72.14 million. On average, analysts expect Opus Bank to post $0.91 EPS for the current fiscal year and $1.83 EPS for the next fiscal year.
Shares of Opus Bank (OPB) opened at 23.50 on Monday. The firm has a market cap of $874.79 million, a PE ratio of 460.78 and a beta of 1.07. Opus Bank has a 12 month low of $18.20 and a 12 month high of $37.34. The stock’s 50 day moving average is $22.72 and its 200 day moving average is $23.15.
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OPB has been the subject of a number of research reports. TheStreet upgraded shares of Opus Bank from a “d+” rating to a “c” rating in a report on Monday, April 24th. Zacks Investment Research lowered shares of Opus Bank from a “hold” rating to a “strong sell” rating in a report on Friday, April 28th. BidaskClub lowered shares of Opus Bank from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th. Piper Jaffray Companies reiterated an “overweight” rating and issued a $24.00 price objective (down previously from $25.00) on shares of Opus Bank in a report on Monday, April 17th. Finally, ValuEngine lowered shares of Opus Bank from a “hold” rating to a “sell” rating in a report on Friday, June 2nd. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company. Opus Bank has an average rating of “Hold” and an average target price of $27.67.
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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