Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Opus Bank (OPB) Share Price
Media headlines about Opus Bank (NASDAQ:OPB) have been trending somewhat positive recently, Accern Sentiment Analysis reports. The research firm rates the sentiment of news coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Opus Bank earned a news sentiment score of 0.16 on Accern’s scale. Accern also gave news stories about the financial services provider an impact score of 46.42823927048 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Opus Bank (NASDAQ:OPB) opened at 24.50 on Friday. Opus Bank has a 52-week low of $18.20 and a 52-week high of $35.56. The company has a market capitalization of $916.03 million, a P/E ratio of 228.97 and a beta of 1.10. The stock has a 50 day moving average of $22.75 and a 200-day moving average of $22.40.
Opus Bank (NASDAQ:OPB) last announced 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. The firm had revenue of $79.83 million for the quarter, compared to analyst estimates of $71.47 million. Opus Bank had a net margin of 1.15% and a return on equity of 2.76%. The business’s revenue for the quarter was down 49.3% compared to the same quarter last year. On average, equities analysts forecast that Opus Bank will post $1.42 earnings per share for the current year.
OPB has been the topic of a number of recent research reports. BidaskClub downgraded shares of Opus Bank from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th. TheStreet upgraded shares of Opus Bank from a “c” rating to a “b-” rating in a research report on Thursday, July 13th. Piper Jaffray Companies restated a “buy” rating and issued a $27.00 price target on shares of Opus Bank in a research report on Wednesday, July 12th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $24.00 price target on shares of Opus Bank in a research report on Tuesday, August 29th. Finally, ValuEngine upgraded shares of Opus Bank from a “sell” rating to a “hold” rating in a research report on Tuesday, July 25th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company. Opus Bank presently has an average rating of “Hold” and an average price target of $27.33.
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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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