Opus Bank (OPB) Rating Lowered to Sell at BidaskClub
Opus Bank (NASDAQ:OPB) was downgraded by equities researchers at BidaskClub from a “hold” rating to a “sell” rating in a note issued to investors on Wednesday.
A number of other brokerages also recently commented on OPB. TheStreet upgraded Opus Bank from a “d+” rating to a “c” rating in a research report on Monday, April 24th. Piper Jaffray Companies reiterated a “buy” rating and set a $27.00 price objective on shares of Opus Bank in a research report on Wednesday, July 12th. Zacks Investment Research downgraded Opus Bank from a “hold” rating to a “sell” rating in a research report on Saturday, July 8th. Finally, ValuEngine downgraded Opus Bank from a “hold” rating to a “sell” rating in a research report on Friday, June 2nd. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $27.67.
Opus Bank (OPB) traded up 0.64% during trading on Wednesday, hitting $23.50. The stock had a trading volume of 142,538 shares. Opus Bank has a 12 month low of $18.20 and a 12 month high of $36.75. The company has a market cap of $874.79 million, a PE ratio of 460.78 and a beta of 1.08. The company’s 50 day moving average is $23.27 and its 200-day moving average is $22.56.
Opus Bank (NASDAQ:OPB) last announced its quarterly earnings data on Monday, April 24th. The financial services provider reported $0.24 EPS for the quarter, missing the Zacks’ 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 company had revenue of $68.59 million for the quarter, compared to analysts’ expectations of $72.14 million. On average, equities research analysts predict that Opus Bank will post $1.23 earnings per share for the current year.
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Large investors have recently bought and sold shares of the company. UBS Group AG boosted its stake in Opus Bank by 23.4% in the first quarter. UBS Group AG now owns 4,969 shares of the financial services provider’s stock valued at $100,000 after buying an additional 941 shares during the period. Bank of Montreal Can boosted its stake in 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 valued at $168,000 after buying an additional 6,037 shares during the period. New York State Teachers Retirement System boosted its stake in 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 valued at $170,000 after buying an additional 500 shares during the period. Thrivent Financial for Lutherans boosted its stake in 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 valued at $296,000 after buying an additional 570 shares during the period. Finally, Karp Capital Management Corp acquired a new stake in Opus Bank during the first quarter valued at about $224,000.
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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