Opus Bank (NASDAQ:OPB) Receives $26.67 Consensus PT from Analysts
Opus Bank (NASDAQ:OPB) has earned an average recommendation of “Hold” from the eleven research firms that are covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $27.67.
Several equities analysts have issued reports on the company. Piper Jaffray Companies reiterated a “buy” rating and issued a $27.00 target price on shares of Opus Bank in a research note on Wednesday. Zacks Investment Research downgraded Opus Bank from a “hold” rating to a “sell” rating in a report on Saturday, July 8th. TheStreet raised Opus Bank from a “d+” rating to a “c” rating in a report on Monday, April 24th. ValuEngine downgraded Opus Bank from a “hold” rating to a “sell” rating in a report on Friday, June 2nd. Finally, BidaskClub downgraded Opus Bank from a “buy” rating to a “hold” rating in a report on Wednesday.
Opus Bank (NASDAQ OPB) traded down 0.84% during midday trading on Monday, hitting $23.50. 212,999 shares of the stock traded hands. The company has a market capitalization of $874.79 million, a price-to-earnings ratio of 460.78 and a beta of 1.08. Opus Bank has a 52 week low of $18.20 and a 52 week high of $37.34. The stock’s 50-day moving average price is $22.72 and its 200 day moving average price is $23.15.
Opus Bank (NASDAQ:OPB) last released its earnings results on Monday, April 24th. The financial services provider reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by $0.06. Opus Bank had a return on equity of 2.46% and a net margin of 0.53%. The business had revenue of $68.59 million during the quarter, compared to analysts’ expectations of $72.14 million. On average, equities research analysts predict that Opus Bank will post $1.23 EPS for the current year.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. State Street Corp increased its position in shares of Opus Bank by 38.5% in the fourth quarter. State Street Corp now owns 655,787 shares of the financial services provider’s stock worth $19,707,000 after buying an additional 182,161 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Opus Bank by 10.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 735,477 shares of the financial services provider’s stock worth $22,100,000 after buying an additional 68,411 shares during the last quarter. Two Sigma Investments LP bought a new position in shares of Opus Bank during the fourth quarter worth about $1,352,000. Tudor Investment Corp Et Al bought a new position in shares of Opus Bank during the fourth quarter worth about $334,000. Finally, Guggenheim Capital LLC increased its position in shares of Opus Bank by 58.7% in the fourth quarter. Guggenheim Capital LLC now owns 110,593 shares of the financial services provider’s stock worth $3,324,000 after buying an additional 40,911 shares during the last quarter. 91.73% of the stock is owned by institutional investors.
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.
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