Opus Bank (OPB) Given Consensus Recommendation of “Hold” by Brokerages
Opus Bank (NASDAQ:OPB) has received a consensus recommendation of “Hold” from the eleven analysts that are presently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $27.33.
Several equities research analysts have recently commented on OPB shares. BidaskClub lowered shares of Opus Bank from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th. Zacks Investment Research upgraded shares of Opus Bank from a “strong sell” rating to a “hold” rating in a report on Wednesday, June 28th. ValuEngine lowered shares of Opus Bank from a “hold” rating to a “sell” rating in a report on Friday, June 2nd. TheStreet upgraded shares of Opus Bank from a “c” rating to a “b-” rating in a report on Thursday, July 13th. Finally, Piper Jaffray Companies restated a “buy” rating and issued a $27.00 price target on shares of Opus Bank in a report on Wednesday, July 12th.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. State of Tennessee Treasury Department raised its stake in shares of Opus Bank by 17.8% during the 1st quarter. State of Tennessee Treasury Department now owns 17,703 shares of the financial services provider’s stock worth $357,000 after acquiring an additional 2,672 shares in the last quarter. JPMorgan Chase & Co. bought a new position in shares of Opus Bank during the 1st quarter worth approximately $334,000. RMB Capital Management LLC raised its stake in shares of Opus Bank by 98.9% during the 1st quarter. RMB Capital Management LLC now owns 543,671 shares of the financial services provider’s stock worth $10,955,000 after acquiring an additional 270,270 shares in the last quarter. OppenheimerFunds Inc. bought a new position in shares of Opus Bank during the 1st quarter worth approximately $333,000. Finally, Elliott Management Corp raised its stake in shares of Opus Bank by 7.3% during the 1st quarter. Elliott Management Corp now owns 5,419,153 shares of the financial services provider’s stock worth $109,196,000 after acquiring an additional 367,874 shares in the last quarter. Hedge funds and other institutional investors own 91.73% of the company’s stock.
TRADEMARK VIOLATION WARNING: “Opus Bank (OPB) Given Consensus Recommendation of “Hold” by Brokerages” was first posted by American Banking News and is the property of of American Banking News. If you are reading this article on another website, it was stolen and reposted in violation of U.S. and international copyright & trademark legislation. The legal version of this article can be accessed at https://www.americanbankingnews.com/2017/09/16/opus-bank-opb-given-consensus-recommendation-of-hold-by-brokerages.html.
Shares of Opus Bank (NASDAQ:OPB) traded down 1.35% during trading on Friday, hitting $21.90. 315,332 shares of the company’s stock were exchanged. The stock has a market cap of $818.82 million, a P/E ratio of 204.67 and a beta of 1.08. Opus Bank has a one year low of $18.20 and a one year high of $35.56. The firm has a 50-day moving average price of $22.76 and a 200-day moving average price of $22.13.
Opus Bank (NASDAQ:OPB) last posted its quarterly earnings results on Monday, July 24th. The financial services provider reported $0.51 EPS for the quarter, beating the consensus estimate of $0.29 by $0.22. Opus Bank had a net margin of 1.15% and a return on equity of 2.76%. The business had revenue of $79.83 million during the quarter, compared to analyst estimates of $71.47 million. The company’s quarterly revenue was down 49.3% on a year-over-year basis. Equities research analysts expect that Opus Bank will post $1.41 EPS for the current fiscal year.
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.
Receive News & Ratings for Opus Bank Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Opus Bank and related companies with MarketBeat.com's FREE daily email newsletter.