Brokerages Set Opus Bank (OPB) PT at $27.33
Shares of Opus Bank (NASDAQ:OPB) have been given an average rating of “Hold” by the ten brokerages that are currently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and one has given a buy recommendation to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $27.33.
OPB has been the subject of several analyst reports. Keefe, Bruyette & Woods reissued a “hold” rating and set a $24.00 price target on shares of Opus Bank in a report on Tuesday, August 29th. TheStreet downgraded shares of Opus Bank from a “b-” rating to a “c+” rating in a report on Wednesday, August 23rd. BidaskClub downgraded shares of Opus Bank from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. ValuEngine raised shares of Opus Bank from a “sell” rating to a “hold” rating in a report on Tuesday, July 25th. Finally, Piper Jaffray Companies reissued a “buy” rating and set a $27.00 price target on shares of Opus Bank in a report on Friday, October 6th.
Institutional investors and hedge funds have recently bought and sold shares of the business. UBS Group AG increased its position in Opus Bank by 23.4% in the 1st quarter. UBS Group AG now owns 4,969 shares of the financial services provider’s stock valued at $100,000 after acquiring an additional 941 shares in the last quarter. BNP Paribas Arbitrage SA increased its position in Opus Bank by 66.9% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 5,508 shares of the financial services provider’s stock valued at $133,000 after acquiring an additional 2,208 shares in the last quarter. New York State Teachers Retirement System increased its position in Opus Bank by 6.3% in the 1st quarter. New York State Teachers Retirement System now owns 8,459 shares of the financial services provider’s stock valued at $170,000 after acquiring an additional 500 shares in the last quarter. Voya Investment Management LLC acquired a new stake in Opus Bank in the 2nd quarter valued at about $209,000. Finally, Arizona State Retirement System acquired a new stake in Opus Bank in the 2nd quarter valued at about $230,000.
Shares of Opus Bank (NASDAQ OPB) traded up 0.939% during midday trading on Wednesday, hitting $24.175. 24,488 shares of the company were exchanged. The stock’s 50-day moving average is $23.08 and its 200-day moving average is $22.67. Opus Bank has a one year low of $18.21 and a one year high of $35.04. The stock has a market cap of $903.88 million, a PE ratio of 225.935 and a beta of 1.09.
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 consensus estimate of $0.29 by $0.22. Opus Bank had a net margin of 1.15% and a return on equity of 2.76%. The firm had revenue of $79.83 million during the quarter, compared to the consensus estimate of $71.47 million. The firm’s quarterly revenue was down 49.3% compared to the same quarter last year. Equities research analysts anticipate that Opus Bank will post $1.42 EPS for the current year.
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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