Opus Bank (OPB) Expected to Post Earnings of $0.33 Per Share
Analysts forecast that Opus Bank (NASDAQ:OPB) will report earnings of $0.33 per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Opus Bank’s earnings, with estimates ranging from $0.31 to $0.34. Opus Bank posted earnings of $0.40 per share in the same quarter last year, which would suggest a negative year over year growth rate of 17.5%. The business is scheduled to issue its next earnings report on Monday, July 22nd.
On average, analysts expect that Opus Bank will report full-year earnings of $1.34 per share for the current financial year, with EPS estimates ranging from $1.28 to $1.40. For the next fiscal year, analysts forecast that the business will report earnings of $1.73 per share, with EPS estimates ranging from $1.66 to $1.80. Zacks’ EPS calculations are a mean average based on a survey of research firms that follow Opus Bank.
Opus Bank (NASDAQ:OPB) last issued its quarterly earnings data on Monday, April 29th. The financial services provider reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.01). Opus Bank had a return on equity of 4.71% and a net margin of 9.89%. The company had revenue of $61.90 million for the quarter, compared to analysts’ expectations of $62.55 million. During the same quarter in the prior year, the firm posted $0.34 EPS.
Large investors have recently added to or reduced their stakes in the business. First Trust Advisors LP lifted its holdings in shares of Opus Bank by 36.9% during the 4th quarter. First Trust Advisors LP now owns 116,490 shares of the financial services provider’s stock worth $2,282,000 after acquiring an additional 31,408 shares during the period. Acadian Asset Management LLC purchased a new position in Opus Bank in the fourth quarter valued at approximately $205,000. WINTON GROUP Ltd purchased a new position in Opus Bank in the fourth quarter valued at approximately $3,022,000. BlackRock Inc. raised its holdings in Opus Bank by 4.6% in the fourth quarter. BlackRock Inc. now owns 3,251,017 shares of the financial services provider’s stock valued at $63,688,000 after buying an additional 143,254 shares during the period. Finally, M3F Inc. purchased a new position in Opus Bank in the fourth quarter valued at approximately $1,122,000. Institutional investors own 95.72% of the company’s stock.
OPB stock traded down $0.01 on Thursday, hitting $21.21. The company’s stock had a trading volume of 60,891 shares, compared to its average volume of 153,643. Opus Bank has a 1 year low of $17.79 and a 1 year high of $30.70. The company has a market cap of $726.99 million, a price-to-earnings ratio of 16.57 and a beta of 1.28. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.96 and a quick ratio of 0.96.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 23rd. Investors of record on Thursday, May 9th will be paid a $0.11 dividend. The ex-dividend date is Wednesday, May 8th. This represents a $0.44 dividend on an annualized basis and a yield of 2.07%. Opus Bank’s payout ratio is 34.38%.
About Opus Bank
Opus Bank provides various banking products, services, and solutions for small and mid-sized companies, entrepreneurs, real estate investors, professionals, and high net worth individuals. The company accepts demand deposits, checking accounts, money market accounts, savings accounts, and certificates of deposit.
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