Opus Bank (NASDAQ:OPB) has received an average rating of “Hold” from the nine analysts that are currently covering the stock. Seven investment analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $26.67.
A number of analysts have recently issued reports on OPB shares. TheStreet lowered shares of Opus Bank from a “c-” rating to a “d+” rating in a research note on Monday, February 6th. Zacks Investment Research lowered shares of Opus Bank from a “hold” rating to a “strong sell” rating in a research note on Saturday, January 7th. JPMorgan Chase & Co. lowered shares of Opus Bank from an “overweight” rating to a “neutral” rating in a research note on Monday, January 30th. Hovde Group lowered shares of Opus Bank from an “outperform” rating to a “market perform” rating and set a $31.00 price objective on the stock. in a research note on Monday, January 30th. Finally, Piper Jaffray Companies reissued an “overweight” rating and set a $24.00 price target (down previously from $25.00) on shares of Opus Bank in a research report on Monday.
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A number of institutional investors have recently added to or reduced their stakes in the company. Municipal Employees Retirement System of Michigan increased its position in Opus Bank by 2.2% in the third quarter. Municipal Employees Retirement System of Michigan now owns 4,180 shares of the financial services provider’s stock worth $148,000 after buying an additional 90 shares in the last quarter. Bank of Montreal Can increased its position in Opus Bank by 262.1% in the first quarter. Bank of Montreal Can now owns 8,340 shares of the financial services provider’s stock worth $168,000 after buying an additional 6,037 shares in the last quarter. Bbva Compass Bancshares Inc. acquired a new position in Opus Bank during the third quarter worth approximately $293,000. Thrivent Financial for Lutherans increased its position in Opus Bank by 6.1% in the fourth quarter. Thrivent Financial for Lutherans now owns 9,840 shares of the financial services provider’s stock worth $296,000 after buying an additional 570 shares in the last quarter. Finally, Creative Planning increased its position in Opus Bank by 52.1% in the third quarter. Creative Planning now owns 8,973 shares of the financial services provider’s stock worth $317,000 after buying an additional 3,075 shares in the last quarter. 93.61% of the stock is owned by hedge funds and other institutional investors.
Opus Bank (NASDAQ:OPB) traded up 2.104% during mid-day trading on Wednesday, reaching $20.625. 368,636 shares of the company were exchanged. The company has a 50 day moving average of $19.81 and a 200-day moving average of $24.29. Opus Bank has a 1-year low of $18.21 and a 1-year high of $38.19. The company has a market capitalization of $767.62 million, a price-to-earnings ratio of 63.267 and a beta of 1.05.
Opus Bank (NASDAQ:OPB) last posted its quarterly earnings data on Monday, January 30th. The financial services provider reported ($0.55) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by $0.97. The firm had revenue of $87.24 million for the quarter, compared to analysts’ expectations of $79.72 million. Opus Bank had a net margin of 3.40% and a return on equity of 3.42%. During the same quarter in the prior year, the business earned ($0.09) EPS. On average, equities research analysts forecast 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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