Opus Bank (NASDAQ:OPB) announced its earnings results on Monday. The financial services provider reported $0.26 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.14), Morningstar.com reports. The firm had revenue of $64.60 million during the quarter, compared to the consensus estimate of $67.30 million. Opus Bank had a return on equity of 3.11% and a net margin of 8.30%. The business’s revenue was down 25.8% compared to the same quarter last year. During the same quarter last year, the business earned ($0.55) EPS.
Shares of Opus Bank (NASDAQ:OPB) opened at $28.70 on Monday. 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 has a 12-month low of $18.45 and a 12-month high of $29.90. The firm has a market cap of $983.72, a PE ratio of 42.21 and a beta of 1.15.
Several research analysts recently commented on OPB shares. TheStreet upgraded shares of Opus Bank from a “c+” rating to a “b-” rating in a report on Wednesday, October 25th. Zacks Investment Research upgraded shares of Opus Bank from a “hold” rating to a “buy” rating and set a $31.00 target price on the stock in a report on Wednesday, January 10th. Piper Jaffray Companies reiterated a “buy” rating and issued a $30.00 target price on shares of Opus Bank in a report on Tuesday, January 9th. ValuEngine upgraded shares of Opus Bank from a “sell” rating to a “hold” rating in a report on Wednesday, September 27th. Finally, FIG Partners started coverage on shares of Opus Bank in a report on Thursday, November 9th. They issued an “outperform” rating and a $32.00 target price on the stock. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $29.60.
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.
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