News headlines about Opus Bank (NASDAQ:OPB) have trended somewhat positive recently, according to Accern Sentiment. Accern rates the sentiment of press coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Opus Bank earned a daily sentiment score of 0.18 on Accern’s scale. Accern also assigned media stories about the financial services provider an impact score of 47.5277459706762 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Several research firms recently issued reports on OPB. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $24.00 price objective on shares of Opus Bank in a report on Tuesday, August 29th. TheStreet lowered shares of Opus Bank from a “b-” rating to a “c+” rating in a research note on Wednesday, August 23rd. BidaskClub lowered shares of Opus Bank from a “hold” rating to a “sell” rating in a research note on Wednesday, July 19th. ValuEngine raised shares of Opus Bank from a “sell” rating to a “hold” rating in a research note on Tuesday, July 25th. Finally, Piper Jaffray Companies reaffirmed a “buy” rating and set a $27.00 price target on shares of Opus Bank in a research report on Friday, October 6th. One analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $27.33.
Shares of Opus Bank (OPB) traded down $0.20 during midday trading on Friday, reaching $25.90. The company’s stock had a trading volume of 80,176 shares, compared to its average volume of 188,708. The company has a quick ratio of 0.92, a current ratio of 0.90 and a debt-to-equity ratio of 0.14. The company has a market cap of $887.75, a PE ratio of 34.53 and a beta of 1.12.
Opus Bank (NASDAQ:OPB) last issued its quarterly earnings data on Monday, October 23rd. The financial services provider reported $0.54 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.34 by $0.20. Opus Bank had a return on equity of 3.11% and a net margin of 8.30%. The company had revenue of $68.20 million during the quarter, compared to analyst estimates of $70.45 million. During the same quarter in the previous year, the company posted ($0.09) earnings per share. Opus Bank’s revenue was down 3.7% compared to the same quarter last year. equities research analysts predict that Opus Bank will post 1.5 EPS for the current fiscal year.
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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.
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