Piper Jaffray Companies reissued their buy rating on shares of Opus Bank (NASDAQ:OPB) in a research note published on Tuesday morning. They currently have a $30.00 target price on the financial services provider’s stock.

Several other research firms also recently commented on OPB. BidaskClub downgraded Opus Bank from a hold rating to a sell rating in a report on Friday, December 29th. TheStreet upgraded Opus Bank from a c+ rating to a b- rating in a report on Wednesday, October 25th. FIG Partners assumed coverage on Opus Bank in a report on Thursday, November 9th. They set an outperform rating and a $32.00 price objective for the company. Finally, ValuEngine upgraded Opus Bank from a sell rating to a hold rating in a report on Wednesday, September 27th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company’s stock. Opus Bank has an average rating of Hold and a consensus price target of $29.60.

Opus Bank (NASDAQ:OPB) traded up $0.35 during midday trading on Tuesday, hitting $29.20. The stock had a trading volume of 104,576 shares, compared to its average volume of 178,447. The company has a market capitalization of $988.86, a P/E ratio of 42.94 and a beta of 1.15. Opus Bank has a 52-week low of $18.45 and a 52-week high of $29.35. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.90 and a current ratio of 0.90.

Opus Bank (NASDAQ:OPB) last released its quarterly earnings data on Monday, October 23rd. The financial services provider reported $0.54 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.34 by $0.20. The firm had revenue of $68.20 million during the quarter, compared to the consensus estimate of $70.45 million. Opus Bank had a return on equity of 3.11% and a net margin of 8.30%. The company’s quarterly revenue was down 3.7% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.09) earnings per share. equities analysts expect that Opus Bank will post 1.64 EPS for the current year.

Several large investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP boosted its position in shares of Opus Bank by 19.5% during the third quarter. Dimensional Fund Advisors LP now owns 1,327,792 shares of the financial services provider’s stock valued at $31,867,000 after buying an additional 216,891 shares during the last quarter. Royal Bank of Canada boosted its position in shares of Opus Bank by 0.5% during the second quarter. Royal Bank of Canada now owns 738,732 shares of the financial services provider’s stock valued at $17,877,000 after buying an additional 3,554 shares during the last quarter. Emerald Advisers Inc. PA boosted its position in shares of Opus Bank by 5.4% during the third quarter. Emerald Advisers Inc. PA now owns 642,671 shares of the financial services provider’s stock valued at $15,424,000 after buying an additional 32,939 shares during the last quarter. Emerald Mutual Fund Advisers Trust boosted its position in shares of Opus Bank by 14.6% during the third quarter. Emerald Mutual Fund Advisers Trust now owns 534,380 shares of the financial services provider’s stock valued at $12,825,000 after buying an additional 67,947 shares during the last quarter. Finally, Eagle Boston Investment Management Inc. boosted its position in shares of Opus Bank by 1.3% during the third quarter. Eagle Boston Investment Management Inc. now owns 363,581 shares of the financial services provider’s stock valued at $8,816,000 after buying an additional 4,702 shares during the last quarter. 98.45% of the stock is currently owned by institutional investors.

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About Opus Bank

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.

Analyst Recommendations for Opus Bank (NASDAQ:OPB)

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