Equities research analysts expect Opus Bank (NASDAQ:OPB) to announce $62.95 million in sales for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Opus Bank’s earnings, with the highest sales estimate coming in at $63.20 million and the lowest estimate coming in at $62.70 million. Opus Bank posted sales of $64.61 million during the same quarter last year, which would indicate a negative year-over-year growth rate of 2.6%. The company is scheduled to report its next earnings report on Monday, January 28th.

According to Zacks, analysts expect that Opus Bank will report full year sales of $251.00 million for the current financial year, with estimates ranging from $250.30 million to $251.70 million. For the next fiscal year, analysts expect that the company will report sales of $270.25 million, with estimates ranging from $267.80 million to $272.70 million. Zacks’ sales averages are an average based on a survey of sell-side analysts that follow Opus Bank.

Opus Bank (NASDAQ:OPB) last posted its quarterly earnings data on Monday, October 22nd. The financial services provider reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.11). The company had revenue of $60.34 million for the quarter, compared to analysts’ expectations of $67.23 million. Opus Bank had a return on equity of 4.80% and a net margin of 13.28%. During the same quarter in the prior year, the business posted $0.54 EPS.

Several research firms have commented on OPB. BidaskClub upgraded Opus Bank from a “hold” rating to a “buy” rating in a report on Wednesday, August 15th. ValuEngine upgraded Opus Bank from a “hold” rating to a “buy” rating in a report on Friday, September 7th. Sandler O’Neill set a $20.00 price target on Opus Bank and gave the company a “hold” rating in a report on Tuesday, October 23rd. Zacks Investment Research cut Opus Bank from a “hold” rating to a “strong sell” rating in a report on Friday, October 26th. Finally, TheStreet cut Opus Bank from a “b-” rating to a “c” rating in a report on Monday, October 29th. Two investment analysts have rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. Opus Bank presently has a consensus rating of “Hold” and a consensus price target of $28.40.

Opus Bank stock opened at $19.68 on Friday. The stock has a market cap of $698.20 million, a P/E ratio of 13.21 and a beta of 1.34. Opus Bank has a 52 week low of $18.49 and a 52 week 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 firm also recently declared a quarterly dividend, which was paid on Thursday, November 15th. Shareholders of record on Thursday, November 1st were issued a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 2.24%. The ex-dividend date of this dividend was Wednesday, October 31st. Opus Bank’s dividend payout ratio (DPR) is 29.53%.

Institutional investors and hedge funds have recently bought and sold shares of the business. Lawson Kroeker Investment Management Inc. NE lifted its stake in shares of Opus Bank by 7.0% in the 3rd quarter. Lawson Kroeker Investment Management Inc. NE now owns 172,205 shares of the financial services provider’s stock valued at $4,718,000 after purchasing an additional 11,230 shares in the last quarter. OppenheimerFunds Inc. lifted its stake in shares of Opus Bank by 18.0% in the 2nd quarter. OppenheimerFunds Inc. now owns 25,640 shares of the financial services provider’s stock valued at $736,000 after purchasing an additional 3,919 shares in the last quarter. Bbva Compass Bancshares Inc. lifted its stake in shares of Opus Bank by 25.3% in the 3rd quarter. Bbva Compass Bancshares Inc. now owns 16,707 shares of the financial services provider’s stock valued at $458,000 after purchasing an additional 3,371 shares in the last quarter. Northern Trust Corp lifted its stake in shares of Opus Bank by 2.2% in the 2nd quarter. Northern Trust Corp now owns 248,681 shares of the financial services provider’s stock valued at $7,136,000 after purchasing an additional 5,294 shares in the last quarter. Finally, Emerald Mutual Fund Advisers Trust lifted its stake in shares of Opus Bank by 7.7% in the 3rd quarter. Emerald Mutual Fund Advisers Trust now owns 866,965 shares of the financial services provider’s stock valued at $23,755,000 after purchasing an additional 62,316 shares in the last quarter. Institutional investors own 99.33% of the company’s stock.

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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Earnings History and Estimates for Opus Bank (NASDAQ:OPB)

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