Opus Bank (OPB) Getting Somewhat Favorable Media Coverage, Analysis Finds

Media coverage about Opus Bank (NASDAQ:OPB) has trended somewhat positive this week, according to Accern. The research group identifies positive and negative media coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Opus Bank earned a news impact score of 0.23 on Accern’s scale. Accern also gave news headlines about the financial services provider an impact score of 46.3140542388519 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

Shares of Opus Bank (NASDAQ OPB) traded up $0.45 during trading hours on Friday, reaching $27.80. The company’s stock had a trading volume of 209,180 shares, compared to its average volume of 194,941. The stock has a market capitalization of $937.45, a PE ratio of 40.88 and a beta of 1.15. Opus Bank has a 1-year low of $18.45 and a 1-year high of $29.85. 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 (NASDAQ:OPB) last announced its quarterly earnings data on Monday, October 23rd. The financial services provider reported $0.54 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.34 by $0.20. The business 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 firm’s quarterly revenue was down 3.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.09) earnings per share. sell-side analysts predict that Opus Bank will post 1.57 EPS for the current fiscal year.

A number of research analysts have issued reports on the company. TheStreet upgraded Opus Bank from a “c+” rating to a “b-” rating in a research note on Wednesday, October 25th. ValuEngine upgraded Opus Bank from a “sell” rating to a “hold” rating in a research note on Wednesday, September 27th. BidaskClub cut Opus Bank from a “hold” rating to a “sell” rating in a research note on Friday, December 29th. Piper Jaffray Companies reiterated a “buy” rating and set a $27.00 price objective on shares of Opus Bank in a research note on Friday, October 6th. Finally, FIG Partners assumed coverage on Opus Bank in a research note on Thursday, November 9th. They set an “outperform” rating and a $32.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $28.50.

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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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