Opus Bank (OPB) Stock Rating Reaffirmed by Keefe, Bruyette & Woods
Opus Bank (NASDAQ:OPB)‘s stock had its “hold” rating reissued by stock analysts at Keefe, Bruyette & Woods in a report issued on Tuesday. They presently have a $24.00 target price on the financial services provider’s stock. Keefe, Bruyette & Woods’ price target would suggest a potential upside of 5.96% from the company’s previous close.
Other equities analysts have also issued reports about the company. Zacks Investment Research raised Opus Bank from a “sell” rating to a “hold” rating in a research note on Wednesday, August 9th. ValuEngine lowered Opus Bank from a “hold” rating to a “sell” rating in a research note on Friday, June 2nd. TheStreet raised Opus Bank from a “c” rating to a “b-” rating in a research note on Thursday, July 13th. Piper Jaffray Companies reissued a “buy” rating and issued a $27.00 price target on shares of Opus Bank in a research note on Wednesday, July 12th. Finally, BidaskClub lowered Opus Bank from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 12th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and one has issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $27.33.
Opus Bank (NASDAQ OPB) traded down 1.32% during midday trading on Tuesday, reaching $22.35. 139,279 shares of the company were exchanged. The firm’s 50-day moving average is $23.42 and its 200-day moving average is $22.07. The firm has a market cap of $835.64 million, a P/E ratio of 208.88 and a beta of 1.07. Opus Bank has a one year low of $18.20 and a one year high of $35.90.
Opus Bank (NASDAQ:OPB) last issued its quarterly earnings results on Monday, July 24th. The financial services provider reported $0.51 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.29 by $0.22. Opus Bank had a return on equity of 2.76% and a net margin of 1.15%. The firm had revenue of $79.83 million for the quarter, compared to analyst estimates of $71.47 million. Opus Bank’s revenue for the quarter was down 49.3% on a year-over-year basis. On average, equities analysts expect that Opus Bank will post $1.41 EPS for the current fiscal year.
Several institutional investors have recently modified their holdings of the company. Eagle Boston Investment Management Inc. raised its position in shares of Opus Bank by 5.5% in the first quarter. Eagle Boston Investment Management Inc. now owns 339,621 shares of the financial services provider’s stock worth $6,843,000 after buying an additional 17,717 shares during the last quarter. Ameriprise Financial Inc. raised its position in shares of Opus Bank by 0.6% in the first quarter. Ameriprise Financial Inc. now owns 828,414 shares of the financial services provider’s stock worth $16,693,000 after buying an additional 4,803 shares during the last quarter. Sei Investments Co. raised its position in shares of Opus Bank by 313.4% in the first quarter. Sei Investments Co. now owns 33,485 shares of the financial services provider’s stock worth $674,000 after buying an additional 25,385 shares during the last quarter. Karp Capital Management Corp purchased a new position in shares of Opus Bank during the first quarter worth $224,000. Finally, US Bancorp DE raised its position in shares of Opus Bank by 0.3% in the first quarter. US Bancorp DE now owns 27,687 shares of the financial services provider’s stock worth $558,000 after buying an additional 80 shares during the last quarter. 91.73% of the stock is currently 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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