Equities analysts predict that Opus Bank (NASDAQ:OPB) will post sales of $63.65 million for the current quarter, according to Zacks. Two analysts have made estimates for Opus Bank’s earnings, with the highest sales estimate coming in at $63.90 million and the lowest estimate coming in at $63.40 million. Opus Bank posted sales of $60.34 million in the same quarter last year, which suggests a positive year over year growth rate of 5.5%. The firm is expected to issue its next earnings report on Monday, October 28th.

On average, analysts expect that Opus Bank will report full year sales of $252.45 million for the current financial year, with estimates ranging from $249.90 million to $255.00 million. For the next year, analysts anticipate that the firm will post sales of $264.10 million, with estimates ranging from $258.50 million to $269.70 million. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that follow Opus Bank.

Opus Bank (NASDAQ:OPB) last released its quarterly earnings data on Monday, July 29th. The financial services provider reported $0.35 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.32 by $0.03. Opus Bank had a net margin of 7.32% and a return on equity of 4.47%. The business had revenue of $62.51 million during the quarter, compared to analyst estimates of $63.80 million. During the same quarter last year, the business earned $0.40 earnings per share.

Several brokerages have recently weighed in on OPB. BidaskClub raised shares of Opus Bank from a “sell” rating to a “hold” rating in a research note on Tuesday, July 30th. Zacks Investment Research downgraded shares of Opus Bank from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 7th. ValuEngine raised shares of Opus Bank from a “sell” rating to a “hold” rating in a research note on Monday, July 29th. Finally, Hovde Group raised shares of Opus Bank from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $21.50 to $24.00 in a research note on Friday, August 9th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $23.33.

Shares of OPB traded down $0.25 during midday trading on Friday, hitting $20.47. The stock had a trading volume of 304 shares, compared to its average volume of 98,367. Opus Bank has a 1 year low of $17.79 and a 1 year high of $29.50. The firm has a market cap of $705.83 million, a PE ratio of 15.99 and a beta of 1.27. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.98 and a quick ratio of 0.97. The stock’s 50 day moving average is $21.14 and its 200 day moving average is $21.18.

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 22nd. Investors of record on Thursday, August 8th will be paid a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 2.15%. The ex-dividend date is Wednesday, August 7th. Opus Bank’s dividend payout ratio is presently 34.38%.

A number of hedge funds have recently bought and sold shares of the stock. BlackRock Inc. increased its stake in Opus Bank by 2.3% in the 2nd quarter. BlackRock Inc. now owns 3,339,169 shares of the financial services provider’s stock worth $70,489,000 after buying an additional 76,150 shares during the period. Vanguard Group Inc. increased its position in Opus Bank by 2.7% during the 2nd quarter. Vanguard Group Inc. now owns 1,542,599 shares of the financial services provider’s stock valued at $32,564,000 after purchasing an additional 40,238 shares during the period. Castine Capital Management LLC increased its position in Opus Bank by 111.7% during the 2nd quarter. Castine Capital Management LLC now owns 609,221 shares of the financial services provider’s stock valued at $12,861,000 after purchasing an additional 321,445 shares during the period. Royal Bank of Canada increased its position in Opus Bank by 0.6% during the 2nd quarter. Royal Bank of Canada now owns 522,437 shares of the financial services provider’s stock valued at $11,029,000 after purchasing an additional 2,918 shares during the period. Finally, Northern Trust Corp increased its position in Opus Bank by 0.3% during the 4th quarter. Northern Trust Corp now owns 265,542 shares of the financial services provider’s stock valued at $5,201,000 after purchasing an additional 887 shares during the period. 92.68% of the stock is currently owned by institutional investors.

Opus Bank Company Profile

Opus Bank provides various banking products, services, and solutions for small and mid-sized companies, entrepreneurs, real estate investors, professionals, and high net worth individuals. The company accepts demand deposits, checking accounts, money market accounts, savings accounts, and certificates of deposit.

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Earnings History and Estimates for Opus Bank (NASDAQ:OPB)

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