$0.28 EPS Expected for Opus Bank (OPB) This Quarter
Equities research analysts expect Opus Bank (NASDAQ:OPB) to post earnings per share (EPS) of $0.28 for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Opus Bank’s earnings. The lowest EPS estimate is $0.26 and the highest is $0.30. Opus Bank posted earnings of $0.26 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 7.7%. The business is expected to report its next quarterly earnings results on Monday, January 28th.
On average, analysts expect that Opus Bank will report full-year earnings of $1.27 per share for the current fiscal year, with EPS estimates ranging from $1.25 to $1.28. For the next fiscal year, analysts forecast that the firm will post earnings of $1.47 per share, with EPS estimates ranging from $1.45 to $1.49. Zacks’ EPS calculations are a mean average based on a survey of sell-side research analysts that cover Opus Bank.
Opus Bank (NASDAQ:OPB) last posted its earnings results on Monday, October 22nd. The financial services provider reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.11). The business had revenue of $60.34 million for the quarter, compared to analyst estimates of $67.23 million. Opus Bank had a net margin of 13.28% and a return on equity of 4.80%. During the same quarter in the prior year, the firm earned $0.54 earnings per share.
NASDAQ OPB opened at $20.37 on Thursday. The firm has a market cap of $698.20 million, a P/E ratio of 13.67 and a beta of 1.34. Opus Bank has a 1 year low of $18.49 and a 1 year high of $30.95. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.92 and a quick ratio of 0.92.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 15th. Shareholders of record on Thursday, November 1st were given a $0.11 dividend. The ex-dividend date of this dividend was Wednesday, October 31st. This represents a $0.44 dividend on an annualized basis and a dividend yield of 2.16%. Opus Bank’s dividend payout ratio (DPR) is currently 29.53%.
Several institutional investors have recently modified their holdings of the business. Vanguard Group Inc. raised its position in shares of Opus Bank by 6.9% in the third quarter. Vanguard Group Inc. now owns 1,260,395 shares of the financial services provider’s stock worth $34,535,000 after acquiring an additional 81,568 shares during the period. Legal & General Group Plc raised its position in shares of Opus Bank by 34.2% in the third quarter. Legal & General Group Plc now owns 46,124 shares of the financial services provider’s stock worth $1,265,000 after acquiring an additional 11,765 shares during the period. Teachers Advisors LLC raised its position in shares of Opus Bank by 5.2% in the third quarter. Teachers Advisors LLC now owns 55,167 shares of the financial services provider’s stock worth $1,512,000 after acquiring an additional 2,749 shares during the period. IndexIQ Advisors LLC raised its position in shares of Opus Bank by 3.9% in the third quarter. IndexIQ Advisors LLC now owns 81,187 shares of the financial services provider’s stock worth $2,225,000 after acquiring an additional 3,067 shares during the period. Finally, Summit Global Investments raised its position in shares of Opus Bank by 12.8% in the third quarter. Summit Global Investments now owns 25,500 shares of the financial services provider’s stock worth $699,000 after acquiring an additional 2,900 shares during the period. Institutional investors and hedge funds own 99.33% of the company’s stock.
Opus Bank Company Profile
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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