Opus Bank (OPB) Receives Average Rating of “Hold” from Analysts

Opus Bank (NASDAQ:OPB) has received an average rating of “Hold” from the nine analysts that are covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and three have given a buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is $29.60.

Several research firms have issued reports on OPB. TheStreet upgraded shares of Opus Bank from a “c+” rating to a “b-” rating in a research note on Wednesday, October 25th. ValuEngine upgraded shares of Opus Bank from a “sell” rating to a “hold” rating in a research note on Wednesday, September 27th. BidaskClub downgraded shares of Opus Bank from a “hold” rating to a “sell” rating in a research note on Friday, December 29th. Piper Jaffray Companies reiterated a “buy” rating and set a $27.00 price objective on shares of Opus Bank in a research note on Friday, October 6th. Finally, Zacks Investment Research upgraded shares of Opus Bank from a “hold” rating to a “buy” rating and set a $31.00 price objective for the company in a research note on Wednesday, January 10th.

Opus Bank (OPB) traded up $0.05 during trading on Friday, reaching $28.70. 320,119 shares of the company were exchanged, compared to its average volume of 170,685. Opus Bank has a 52-week low of $18.45 and a 52-week high of $29.90. The stock has a market capitalization of $1,000.86, a P/E ratio of 42.21 and a beta of 1.15. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.14.

Opus Bank (NASDAQ:OPB) last released its earnings results on Monday, October 23rd. The financial services provider reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.20. Opus Bank had a net margin of 8.30% and a return on equity of 3.11%. The firm had revenue of $68.20 million during the quarter, compared to the consensus estimate of $70.45 million. During the same period in the previous year, the firm earned ($0.09) earnings per share. Opus Bank’s revenue was down 3.7% compared to the same quarter last year. analysts anticipate that Opus Bank will post 1.64 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in OPB. Castine Capital Management LLC purchased a new stake in Opus Bank during the second quarter worth approximately $7,898,000. Dimensional Fund Advisors LP boosted its stake in shares of Opus Bank by 40.7% in the second quarter. Dimensional Fund Advisors LP now owns 1,110,901 shares of the financial services provider’s stock valued at $26,884,000 after purchasing an additional 321,314 shares during the period. BlueCrest Capital Management Ltd purchased a new position in shares of Opus Bank in the second quarter valued at $3,025,000. Continental Advisors LLC boosted its stake in shares of Opus Bank by 70.7% in the third quarter. Continental Advisors LLC now owns 184,641 shares of the financial services provider’s stock valued at $4,431,000 after purchasing an additional 76,451 shares during the period. Finally, Emerald Mutual Fund Advisers Trust boosted its stake in shares of Opus Bank by 14.6% in the third quarter. Emerald Mutual Fund Advisers Trust now owns 534,380 shares of the financial services provider’s stock valued at $12,825,000 after purchasing an additional 67,947 shares during the period. Institutional investors own 98.45% of the company’s stock.

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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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