Opus Bank (OPB) Given Daily Coverage Optimism Rating of 0.14
News coverage about Opus Bank (NASDAQ:OPB) has been trending somewhat positive this week, Accern reports. Accern identifies positive and negative news coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Opus Bank earned a coverage optimism score of 0.14 on Accern’s scale. Accern also assigned news coverage about the financial services provider an impact score of 45.1516617674838 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
OPB has been the topic of a number of recent analyst reports. ValuEngine downgraded Opus Bank from a “hold” rating to a “sell” rating in a research report on Friday, June 2nd. Zacks Investment Research upgraded Opus Bank from a “strong sell” rating to a “hold” rating in a research report on Wednesday, June 28th. BidaskClub downgraded Opus Bank from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th. Piper Jaffray Companies reiterated a “buy” rating and set a $27.00 price target on shares of Opus Bank in a research report on Wednesday, July 12th. Finally, TheStreet upgraded Opus Bank from a “c” rating to a “b-” rating in a research report on Thursday, July 13th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $27.33.
Opus Bank (NASDAQ OPB) opened at 22.30 on Thursday. Opus Bank has a one year low of $18.20 and a one year high of $35.90. The firm has a market cap of $833.77 million, a PE ratio of 208.41 and a beta of 1.07. The firm’s 50 day moving average price is $23.42 and its 200-day moving average price is $22.07.
Opus Bank (NASDAQ:OPB) last released its quarterly earnings data on Monday, July 24th. The financial services provider reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.22. The company had revenue of $79.83 million during the quarter, compared to analyst estimates of $71.47 million. Opus Bank had a net margin of 1.15% and a return on equity of 2.76%. The company’s quarterly revenue was down 49.3% compared to the same quarter last year. Equities analysts predict that Opus Bank will post $1.41 EPS for the current fiscal year.
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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