Opus Bank (NASDAQ:OPB) was upgraded by equities research analysts at BidaskClub from a “sell” rating to a “hold” rating in a report released on Monday.

Several other equities research analysts have also weighed in on OPB. TheStreet upgraded Opus Bank from a “c+” rating to a “b-” rating in a research report on Wednesday, October 25th. FIG Partners initiated coverage on Opus Bank in a research report on Thursday, November 9th. They set an “outperform” rating and a $32.00 price target on the stock. Piper Jaffray Companies restated a “buy” rating and set a $30.00 price target on shares of Opus Bank in a research report on Tuesday, January 9th. Zacks Investment Research upgraded Opus Bank from a “hold” rating to a “buy” rating and set a $31.00 price target on the stock in a research report on Wednesday, January 10th. Finally, ValuEngine upgraded Opus Bank from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Opus Bank presently has a consensus rating of “Buy” and a consensus price target of $29.25.

Shares of Opus Bank (NASDAQ:OPB) opened at $27.10 on Monday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.90 and a current ratio of 0.94. Opus Bank has a 1 year low of $18.45 and a 1 year high of $29.90. The firm has a market capitalization of $874.73, a P/E ratio of 21.51 and a beta of 1.07.

Opus Bank (NASDAQ:OPB) last released its quarterly earnings results on Monday, January 22nd. The financial services provider reported $0.26 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.40 by ($0.14). Opus Bank had a net margin of 15.45% and a return on equity of 5.98%. The firm had revenue of $64.60 million for the quarter, compared to the consensus estimate of $67.30 million. During the same quarter in the prior year, the firm earned ($0.55) earnings per share. The company’s revenue for the quarter was down 25.8% compared to the same quarter last year. research analysts predict that Opus Bank will post 1.92 EPS for the current fiscal year.

A number of institutional investors have recently added to or reduced their stakes in OPB. Schwab Charles Investment Management Inc. boosted its holdings in Opus Bank by 15.5% in the second quarter. Schwab Charles Investment Management Inc. now owns 72,500 shares of the financial services provider’s stock worth $1,755,000 after acquiring an additional 9,718 shares in the last quarter. Alliancebernstein L.P. boosted its holdings in Opus Bank by 75.7% in the second quarter. Alliancebernstein L.P. now owns 38,487 shares of the financial services provider’s stock worth $931,000 after acquiring an additional 16,587 shares in the last quarter. Teachers Advisors LLC boosted its holdings in Opus Bank by 12.4% in the second quarter. Teachers Advisors LLC now owns 71,027 shares of the financial services provider’s stock worth $1,719,000 after acquiring an additional 7,808 shares in the last quarter. Nationwide Fund Advisors boosted its holdings in Opus Bank by 21.9% in the second quarter. Nationwide Fund Advisors now owns 17,093 shares of the financial services provider’s stock worth $414,000 after acquiring an additional 3,075 shares in the last quarter. Finally, New York State Common Retirement Fund boosted its holdings in Opus Bank by 1.1% in the second quarter. New York State Common Retirement Fund now owns 22,200 shares of the financial services provider’s stock worth $537,000 after acquiring an additional 252 shares in the last quarter. 98.51% of the stock is currently owned by institutional investors and hedge funds.

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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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