Opus Bank (OPB) Receiving Somewhat Favorable News Coverage, Study Shows

Media headlines about Opus Bank (NASDAQ:OPB) have trended somewhat positive this week, according to Accern Sentiment Analysis. Accern scores the sentiment of press coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Opus Bank earned a media sentiment score of 0.20 on Accern’s scale. Accern also assigned media stories about the financial services provider an impact score of 46.7692086000477 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

Several research analysts have issued reports on the company. TheStreet raised Opus Bank from a “c+” rating to a “b-” rating in a research report on Wednesday, October 25th. BidaskClub raised Opus Bank from a “strong sell” rating to a “sell” rating in a research note on Thursday, October 26th. FIG Partners began coverage on Opus Bank in a research note on Thursday, November 9th. They set an “outperform” rating and a $32.00 target price on the stock. Piper Jaffray Companies reissued a “buy” rating and set a $27.00 target price on shares of Opus Bank in a research note on Friday, October 6th. Finally, ValuEngine raised Opus Bank from a “sell” rating to a “hold” rating in a research note on Wednesday, September 27th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company. Opus Bank presently has a consensus rating of “Hold” and a consensus price target of $28.50.

Shares of Opus Bank (NASDAQ:OPB) opened at $27.45 on Thursday. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.14. Opus Bank has a 12 month low of $18.45 and a 12 month high of $30.60. The stock has a market capitalization of $887.65, a P/E ratio of 39.78 and a beta of 1.15.

Opus Bank (NASDAQ:OPB) last announced its earnings results on Monday, October 23rd. The financial services provider reported $0.54 EPS for the quarter, topping the Zacks’ consensus estimate of $0.34 by $0.20. The firm had revenue of $68.20 million during the quarter, compared to analysts’ expectations 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 business earned ($0.09) EPS. sell-side analysts expect that Opus Bank will post 1.57 earnings per share for the current 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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