Shares of Opus Bank (NASDAQ:OPB) have received a consensus recommendation of “Hold” from the nine brokerages that are presently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $28.50.

Several equities analysts have issued reports on the company. Zacks Investment Research raised Opus Bank from a “sell” rating to a “hold” rating in a research note on Wednesday, August 9th. ValuEngine raised Opus Bank from a “sell” rating to a “hold” rating in a research report on Wednesday, September 27th. Piper Jaffray Companies reaffirmed a “buy” rating and set a $27.00 target price on shares of Opus Bank in a research report on Friday, October 6th. FIG Partners began coverage on Opus Bank in a research report on Thursday, November 9th. They set an “outperform” rating and a $32.00 target price on the stock. Finally, TheStreet lowered Opus Bank from a “b-” rating to a “c+” rating in a research report on Wednesday, August 23rd.

Shares of Opus Bank (NASDAQ:OPB) traded up $0.10 on Thursday, reaching $27.90. The company’s stock had a trading volume of 487,303 shares, compared to its average volume of 268,038. Opus Bank has a 12-month low of $18.45 and a 12-month high of $30.60. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.92 and a current ratio of 0.90. The firm has a market capitalization of $925.45, a price-to-earnings ratio of 36.00 and a beta of 1.12.

Opus Bank (NASDAQ:OPB) last issued its quarterly earnings results on Monday, October 23rd. The financial services provider reported $0.54 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.34 by $0.20. Opus Bank had a return on equity of 3.11% and a net margin of 8.30%. The firm had revenue of $68.20 million for the quarter, compared to analyst estimates of $70.45 million. During the same period in the previous year, the firm earned ($0.09) earnings per share. The company’s revenue was down 3.7% compared to the same quarter last year. equities research analysts expect that Opus Bank will post 1.57 EPS for the current fiscal year.

Several large investors have recently modified their holdings of the company. Texas Permanent School Fund raised its position in Opus Bank by 0.8% in the 2nd quarter. Texas Permanent School Fund now owns 13,263 shares of the financial services provider’s stock valued at $321,000 after buying an additional 111 shares during the last quarter. New York State Common Retirement Fund raised its position in Opus Bank by 1.1% in the 2nd quarter. New York State Common Retirement Fund now owns 22,200 shares of the financial services provider’s stock valued at $537,000 after buying an additional 252 shares during the last quarter. UBS Group AG raised its position in Opus Bank by 23.4% in the 1st 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 last quarter. Bank of New York Mellon Corp raised its position in Opus Bank by 0.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 217,983 shares of the financial services provider’s stock valued at $5,275,000 after buying an additional 1,070 shares during the last quarter. Finally, Alpine Woods Capital Investors LLC raised its position in Opus Bank by 15.0% in the 2nd quarter. Alpine Woods Capital Investors LLC now owns 11,500 shares of the financial services provider’s stock valued at $278,000 after buying an additional 1,500 shares during the last quarter. 98.45% of the stock is currently owned by institutional investors.

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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.

Analyst Recommendations for Opus Bank (NASDAQ:OPB)

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