Opus Bank (OPB) Announces Earnings Results
Opus Bank (NASDAQ:OPB) issued its quarterly earnings results on Monday. The financial services provider reported $0.54 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.34 by $0.20, Briefing.com reports. Opus Bank had a return on equity of 2.76% and a net margin of 1.15%. The firm had revenue of $68.20 million during the quarter, compared to the consensus estimate of $70.45 million. During the same period last year, the business posted ($0.09) EPS. The business’s revenue was down 3.7% compared to the same quarter last year.
Opus Bank (NASDAQ:OPB) opened at 24.15 on Monday. The company has a market cap of $902.94 million, a PE ratio of 225.70 and a beta of 1.10. The stock’s 50 day moving average is $23.32 and its 200-day moving average is $22.79. Opus Bank has a 52-week low of $18.20 and a 52-week high of $30.60.
OPB has been the subject of a number of recent analyst reports. BidaskClub downgraded Opus Bank from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th. TheStreet upgraded Opus Bank from a “c” rating to a “b-” rating in a report on Thursday, July 13th. Piper Jaffray Companies reiterated a “buy” rating and set a $27.00 price target on shares of Opus Bank in a report on Wednesday, July 12th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $24.00 price target on shares of Opus Bank in a report on Tuesday, August 29th. Finally, ValuEngine upgraded Opus Bank from a “sell” rating to a “hold” rating in a report on Tuesday, July 25th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company’s stock. Opus Bank currently has an average rating of “Hold” and an average price target of $27.33.
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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