Brokerages Set Opus Bank (OPB) Target Price at $27.00

Shares of Opus Bank (NASDAQ:OPB) have been assigned an average rating of “Hold” from the nine ratings firms that are covering the firm, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation and five have assigned a hold recommendation to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $27.00.

A number of research analysts recently issued reports on the company. ValuEngine cut Opus Bank from a “hold” rating to a “sell” rating in a report on Monday, October 22nd. BidaskClub cut Opus Bank from a “hold” rating to a “sell” rating in a report on Tuesday, October 2nd. Sandler O’Neill set a $20.00 price target on Opus Bank and gave the company a “hold” rating in a report on Tuesday, October 23rd. TheStreet cut Opus Bank from a “b-” rating to a “c” rating in a report on Monday, October 29th. Finally, Zacks Investment Research cut Opus Bank from a “hold” rating to a “strong sell” rating in a report on Friday, October 26th.

Opus Bank stock opened at $19.14 on Tuesday. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.92 and a quick ratio of 0.92. Opus Bank has a 12-month low of $18.49 and a 12-month high of $30.95. The stock has a market capitalization of $656.04 million, a P/E ratio of 15.31 and a beta of 1.34.



Opus Bank (NASDAQ:OPB) last released its quarterly earnings results on Monday, October 22nd. The financial services provider reported $0.25 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.36 by ($0.11). Opus Bank had a net margin of 13.28% and a return on equity of 4.80%. The business had revenue of $60.34 million during the quarter, compared to the consensus estimate of $67.23 million. During the same period in the prior year, the firm earned $0.54 earnings per share. As a group, sell-side analysts predict that Opus Bank will post 1.26 EPS for the current fiscal year.

A number of large investors have recently made changes to their positions in the business. Piedmont Investment Advisors LLC bought a new stake in shares of Opus Bank in the 2nd quarter valued at about $117,000. UBS Group AG increased its stake in shares of Opus Bank by 186.0% in the 1st quarter. UBS Group AG now owns 5,832 shares of the financial services provider’s stock valued at $163,000 after acquiring an additional 3,793 shares during the last quarter. Panagora Asset Management Inc. bought a new stake in shares of Opus Bank in the 3rd quarter valued at about $175,000. Teton Advisors Inc. bought a new stake in shares of Opus Bank in the 2nd quarter valued at about $215,000. Finally, FDx Advisors Inc. bought a new stake in shares of Opus Bank in the 2nd quarter valued at about $222,000. 99.33% of the stock is owned by hedge funds and other institutional investors.

About Opus Bank

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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