BidaskClub downgraded shares of Opus Bank (NASDAQ:OPB) from a hold rating to a sell rating in a research report released on Wednesday, July 19th.
Other analysts also recently issued research reports about the stock. Zacks Investment Research downgraded shares of Opus Bank from a hold rating to a sell rating in a research report on Saturday, July 8th. TheStreet raised shares of Opus Bank from a d+ rating to a c rating in a research report on Monday, April 24th. ValuEngine downgraded shares of Opus Bank from a hold rating to a sell rating in a research report on Friday, June 2nd. Finally, Piper Jaffray Companies reissued an overweight rating and set a $24.00 target price (down previously from $25.00) on shares of Opus Bank in a research report on Monday, April 17th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus price target of $27.67.
Shares of Opus Bank (NASDAQ:OPB) traded down 0.42% during midday trading on Wednesday, hitting $23.80. 246,076 shares of the company’s stock were exchanged. Opus Bank has a one year low of $18.20 and a one year high of $35.90. The firm has a market cap of $889.67 million, a PE ratio of 238.00 and a beta of 1.07. The stock’s 50-day moving average price is $23.69 and its 200 day moving average price is $22.39.
Opus Bank (NASDAQ:OPB) last posted its earnings results on Monday, July 24th. The financial services provider reported $0.51 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.29 by $0.22. The firm had revenue of $79.83 million during the quarter, compared to the consensus estimate of $71.47 million. Opus Bank had a net margin of 1.15% and a return on equity of 2.76%. The company’s revenue for the quarter was down 49.3% on a year-over-year basis. Equities research analysts forecast that Opus Bank will post $1.37 EPS for the current year.
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A number of hedge funds have recently modified their holdings of the stock. UBS Group AG raised its stake in shares of Opus Bank by 23.4% in the first quarter. UBS Group AG now owns 4,969 shares of the financial services provider’s stock valued at $100,000 after buying an additional 941 shares during the period. Bank of Montreal Can raised its stake in shares of 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 valued at $168,000 after buying an additional 6,037 shares during the period. New York State Teachers Retirement System raised its stake in shares of Opus Bank by 6.3% in the first quarter. New York State Teachers Retirement System now owns 8,459 shares of the financial services provider’s stock valued at $170,000 after buying an additional 500 shares during the period. Thrivent Financial for Lutherans raised its stake in shares of 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 valued at $296,000 after buying an additional 570 shares during the period. Finally, Karp Capital Management Corp bought a new stake in shares of Opus Bank during the first quarter valued at approximately $224,000. 91.73% of the stock is owned by institutional investors.
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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