Opus Bank (NASDAQ:OPB) has been assigned an average recommendation of “Hold” from the nine brokerages that are covering the company. One investment analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $36.67.

OPB has been the topic of a number of analyst reports. TheStreet cut Opus Bank from a “buy” rating to a “hold” rating in a research report on Wednesday, October 19th. Sandler O’Neill cut Opus Bank from a “buy” rating to a “hold” rating in a research report on Thursday, October 20th. Keefe, Bruyette & Woods cut Opus Bank from an “outperform” rating to a “market perform” rating and dropped their price target for the stock from $40.00 to $25.00 in a research report on Tuesday, October 25th. Credit Suisse Group AG cut Opus Bank from an “outperform” rating to a “neutral” rating in a research report on Monday, October 17th. Finally, JMP Securities initiated coverage on Opus Bank in a research report on Friday, September 16th. They issued a “market perform” rating on the stock.

A number of institutional investors have recently made changes to their positions in OPB. New York State Teachers Retirement System purchased a new position in shares of Opus Bank during the second quarter worth $360,000. 1st Global Advisors Inc. raised its position in shares of Opus Bank by 16.6% in the second quarter. 1st Global Advisors Inc. now owns 8,421 shares of the company’s stock worth $285,000 after buying an additional 1,198 shares during the last quarter. LaSalle Street Capital Management LLC purchased a new position in shares of Opus Bank during the second quarter worth $263,000. Eagle Boston Investment Management Inc. raised its position in shares of Opus Bank by 18.8% in the second quarter. Eagle Boston Investment Management Inc. now owns 200,788 shares of the company’s stock worth $6,786,000 after buying an additional 31,800 shares during the last quarter. Finally, Independent Portfolio Consultants Inc. raised its position in shares of Opus Bank by 56.0% in the second quarter. Independent Portfolio Consultants Inc. now owns 14,660 shares of the company’s stock worth $496,000 after buying an additional 5,260 shares during the last quarter. Institutional investors own 96.12% of the company’s stock.

Opus Bank (NASDAQ:OPB) opened at 23.60 on Monday. The firm’s 50-day moving average price is $26.68 and its 200 day moving average price is $32.81. The company has a market capitalization of $808.96 million, a price-to-earnings ratio of 18.91 and a beta of 0.87. Opus Bank has a one year low of $18.20 and a one year high of $41.04.

Opus Bank (NASDAQ:OPB) last posted its quarterly earnings data on Monday, October 24th. The company reported $0.50 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.61 by $0.11. Opus Bank had a net margin of 15.20% and a return on equity of 7.39%. On average, equities research analysts expect that Opus Bank will post $1.30 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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