Opus Bank (OPB) Receives $27.00 Average PT from Analysts

Opus Bank (NASDAQ:OPB) has been assigned an average recommendation of “Hold” from the nine ratings firms that are currently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and one has issued a buy recommendation on the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $27.00.

Several brokerages have recently issued reports on OPB. ValuEngine cut Opus Bank from a “hold” rating to a “sell” rating in a report on Monday, October 22nd. BidaskClub cut Opus Bank from a “hold” rating to a “sell” rating in a report on Tuesday, October 2nd. Zacks Investment Research raised Opus Bank from a “strong sell” rating to a “hold” rating in a report on Wednesday, December 26th. Sandler O’Neill set a $20.00 price objective on Opus Bank and gave the stock a “hold” rating in a report on Tuesday, October 23rd. Finally, TheStreet cut Opus Bank from a “b-” rating to a “c” rating in a report on Monday, October 29th.

NASDAQ OPB traded down $0.46 during trading hours on Friday, reaching $20.04. The company’s stock had a trading volume of 222,964 shares, compared to its average volume of 165,462. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.13. Opus Bank has a 1 year low of $17.79 and a 1 year high of $30.95. The stock has a market cap of $699.23 million, a PE ratio of 13.45 and a beta of 1.28.

Opus Bank (NASDAQ:OPB) last posted its quarterly earnings results on Monday, October 22nd. The financial services provider reported $0.25 EPS for the quarter, missing the Zacks’ consensus estimate of $0.36 by ($0.11). Opus Bank had a return on equity of 4.80% and a net margin of 13.28%. The business had revenue of $60.34 million during the quarter, compared to analysts’ expectations of $67.23 million. During the same period in the prior year, the firm posted $0.54 earnings per share. On average, analysts forecast that Opus Bank will post 1.26 EPS for the current fiscal year.

Institutional investors and hedge funds have recently modified their holdings of the company. BlackRock Inc. increased its position in shares of Opus Bank by 19.4% during the 3rd quarter. BlackRock Inc. now owns 3,107,763 shares of the financial services provider’s stock valued at $85,153,000 after purchasing an additional 504,052 shares during the last quarter. Matarin Capital Management LLC bought a new position in shares of Opus Bank during the 3rd quarter valued at approximately $7,975,000. Dimensional Fund Advisors LP increased its position in shares of Opus Bank by 11.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,141,112 shares of the financial services provider’s stock valued at $61,450,000 after purchasing an additional 218,882 shares during the last quarter. Vanguard Group Inc increased its position in shares of Opus Bank by 6.9% during the 3rd quarter. Vanguard Group Inc now owns 1,260,395 shares of the financial services provider’s stock valued at $34,535,000 after purchasing an additional 81,568 shares during the last quarter. Finally, Vanguard Group Inc. increased its position in shares of Opus Bank by 6.9% during the 3rd quarter. Vanguard Group Inc. now owns 1,260,395 shares of the financial services provider’s stock valued at $34,535,000 after purchasing an additional 81,568 shares during the last quarter. 99.31% of the stock is currently owned by institutional investors and hedge funds.

About Opus Bank

Opus Bank provides various banking products, services, and solutions for small to mid-sized companies, entrepreneurs, real estate investors, professionals, and high net worth individuals. It offers demand deposits, checking accounts, money market accounts, savings accounts, and certificates of deposit.

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