Shares of Opus Bank (NASDAQ:OPB) have been given an average recommendation of “Hold” by the nine brokerages that are presently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $29.60.

Several brokerages have commented on OPB. Zacks Investment Research upgraded Opus Bank from a “hold” rating to a “buy” rating and set a $31.00 target price on the stock in a research note on Wednesday, January 10th. Piper Jaffray Companies restated a “buy” rating and issued a $30.00 price target on shares of Opus Bank in a research note on Tuesday, January 9th. BidaskClub downgraded Opus Bank from a “hold” rating to a “sell” rating in a research note on Friday, December 29th. FIG Partners initiated coverage on Opus Bank in a research note on Thursday, November 9th. They issued an “outperform” rating and a $32.00 price target on the stock. Finally, TheStreet upgraded Opus Bank from a “c+” rating to a “b-” rating in a research note on Wednesday, October 25th.

Several hedge funds have recently added to or reduced their stakes in OPB. Castine Capital Management LLC purchased a new position in shares of Opus Bank in the 2nd quarter worth $7,898,000. Dimensional Fund Advisors LP raised its holdings in Opus Bank by 40.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,110,901 shares of the financial services provider’s stock worth $26,884,000 after purchasing an additional 321,314 shares during the period. BlueCrest Capital Management Ltd bought a new position in Opus Bank in the 2nd quarter worth $3,025,000. Continental Advisors LLC raised its holdings in Opus Bank by 70.7% in the 3rd quarter. Continental Advisors LLC now owns 184,641 shares of the financial services provider’s stock worth $4,431,000 after purchasing an additional 76,451 shares during the period. Finally, Emerald Mutual Fund Advisers Trust raised its holdings in Opus Bank by 14.6% in the 3rd quarter. Emerald Mutual Fund Advisers Trust now owns 534,380 shares of the financial services provider’s stock worth $12,825,000 after purchasing an additional 67,947 shares during the period. Hedge funds and other institutional investors own 98.60% of the company’s stock.

Shares of Opus Bank (NASDAQ OPB) traded up $0.05 on Friday, reaching $28.70. The company’s stock had a trading volume of 320,100 shares, compared to its average volume of 170,685. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.14. Opus Bank has a 1-year low of $18.45 and a 1-year high of $29.90. The stock has a market cap of $905.40, a P/E ratio of 41.59 and a beta of 1.15.

Opus Bank (NASDAQ:OPB) last issued its earnings results on Monday, January 22nd. The financial services provider reported $0.26 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.14). Opus Bank had a net margin of 8.30% and a return on equity of 3.11%. The business had revenue of $64.60 million for the quarter, compared to analysts’ expectations of $67.30 million. During the same quarter in the prior year, the business posted ($0.55) earnings per share. The business’s revenue for the quarter was down 25.8% on a year-over-year basis. equities analysts expect that Opus Bank will post 1.64 earnings per share for the current fiscal year.

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Opus Bank Company Profile

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.

Analyst Recommendations for Opus Bank (NASDAQ:OPB)

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