Shares of Opus Bank (NASDAQ:OPB) have earned a consensus rating of “Buy” from the eight brokerages that are currently covering the stock. One investment analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $42.33.

A number of equities analysts have issued reports on the company. Credit Suisse Group AG reiterated a “buy” rating on shares of Opus Bank in a research note on Tuesday, July 12th. TheStreet upgraded Opus Bank from a “hold” rating to a “buy” rating in a research note on Friday, July 15th. JPMorgan Chase & Co. cut their price target on Opus Bank from $39.00 to $38.00 and set an “overweight” rating for the company in a research note on Thursday, July 7th. Piper Jaffray Cos. reiterated an “overweight” rating and set a $41.00 price target (down previously from $45.00) on shares of Opus Bank in a research note on Tuesday, June 28th. Finally, JMP Securities assumed coverage on Opus Bank in a research note on Friday, September 16th. They set a “market perform” rating for the company.

Several institutional investors have recently made changes to their positions in OPB. SignalPoint Asset Management LLC increased its position in Opus Bank by 6.9% in the second quarter. SignalPoint Asset Management LLC now owns 15,432 shares of the company’s stock valued at $522,000 after buying an additional 991 shares during the last quarter. 1st Global Advisors Inc. increased its position in Opus Bank by 16.6% in the second quarter. 1st Global Advisors Inc. now owns 8,421 shares of the company’s stock valued at $285,000 after buying an additional 1,198 shares during the last quarter. JPMorgan Chase & Co. increased its position in Opus Bank by 5.5% in the first quarter. JPMorgan Chase & Co. now owns 23,476 shares of the company’s stock valued at $798,000 after buying an additional 1,229 shares during the last quarter. Lawson Kroeker Investment Management Inc. NE increased its position in Opus Bank by 0.8% in the third quarter. Lawson Kroeker Investment Management Inc. NE now owns 168,655 shares of the company’s stock valued at $5,965,000 after buying an additional 1,375 shares during the last quarter. Finally, American Financial Group Inc. increased its position in Opus Bank by 21.0% in the second quarter. American Financial Group Inc. now owns 9,086 shares of the company’s stock valued at $307,000 after buying an additional 1,580 shares during the last quarter. Hedge funds and other institutional investors own 93.91% of the company’s stock.

Opus Bank (NASDAQ:OPB) opened at 35.04 on Monday. Opus Bank has a 52 week low of $28.84 and a 52 week high of $41.49. The company has a market cap of $1.20 billion, a price-to-earnings ratio of 18.47 and a beta of 0.51. The stock’s 50 day moving average price is $34.83 and its 200-day moving average price is $34.79.

Opus Bank (NASDAQ:OPB) last released its quarterly earnings results on Monday, July 25th. The company reported $0.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.64 by $0.18. Opus Bank had a net margin of 22.45% and a return on equity of 7.45%. On average, equities research analysts forecast that Opus Bank will post $2.29 earnings per share for the current fiscal year.

Opus Bank Company Profile

Opus Bank is a California-chartered commercial bank. The Company provides relationship-based banking products, services and solutions to small and mid-sized companies, entrepreneurs, real estate investors, professionals and individuals. It is organized into four lines of business: commercial banking operations, which is referred to as Commercial Bank; retail banking operations, which is referred to as Retail Bank; merchant banking operations, which is referred to as Merchant Bank and correspondent banking operations, which is referred to as Correspondent Bank.

5 Day Chart for NASDAQ:OPB

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