Opus Bank (OPB) Issues Quarterly Earnings Results, Misses Estimates By $0.11 EPS
Opus Bank (NASDAQ:OPB) issued its quarterly earnings results on Monday. The financial services provider reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.11), MarketWatch Earnings reports. Opus Bank had a net margin of 16.83% and a return on equity of 5.96%. During the same period in the prior year, the business earned $0.54 EPS.
OPB stock opened at $19.50 on Tuesday. The firm has a market capitalization of $851.76 million, a P/E ratio of 13.09 and a beta of 0.92. 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 12-month low of $19.28 and a 12-month high of $30.95.
Several equities research analysts have recently weighed in on OPB shares. ValuEngine upgraded Opus Bank from a “hold” rating to a “buy” rating in a research note on Friday, September 7th. BidaskClub lowered Opus Bank from a “hold” rating to a “sell” rating in a research note on Tuesday, October 2nd. Zacks Investment Research upgraded Opus Bank from a “sell” rating to a “hold” rating in a research note on Thursday, July 26th. Finally, FIG Partners lowered Opus Bank from an “outperform” rating to a “market-perform” rating in a research note on Monday, July 23rd. One equities research analyst has rated the stock with a sell rating and five have given a hold rating to the company’s stock. Opus Bank presently has a consensus rating of “Hold” and a consensus price target of $30.80.
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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