Brokerages predict that Opus Bank (NASDAQ:OPB) will post sales of $64.30 million for the current quarter, Zacks reports. Two analysts have provided estimates for Opus Bank’s earnings, with the highest sales estimate coming in at $64.40 million and the lowest estimate coming in at $64.20 million. Opus Bank posted sales of $62.45 million during the same quarter last year, which suggests a positive year over year growth rate of 3%. The business is scheduled to issue its next quarterly earnings results on Monday, July 22nd.
According to Zacks, analysts expect that Opus Bank will report full-year sales of $257.95 million for the current year, with estimates ranging from $257.40 million to $258.50 million. For the next year, analysts forecast that the firm will post sales of $274.60 million, with estimates ranging from $273.80 million to $275.40 million. Zacks’ sales calculations are an average based on a survey of research analysts that that provide coverage for Opus Bank.
Opus Bank (NASDAQ:OPB) last posted its quarterly earnings data on Monday, April 29th. The financial services provider reported $0.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.01). The company had revenue of $61.90 million for the quarter, compared to analysts’ expectations of $62.55 million. Opus Bank had a return on equity of 4.71% and a net margin of 9.89%. During the same quarter last year, the business posted $0.34 EPS.
Several institutional investors and hedge funds have recently made changes to their positions in OPB. Premia Global Advisors LLC purchased a new position in Opus Bank during the 1st quarter valued at $25,000. Versant Capital Management Inc lifted its position in Opus Bank by 163.1% during the 1st quarter. Versant Capital Management Inc now owns 1,334 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 827 shares during the period. BNP Paribas Arbitrage SA lifted its position in Opus Bank by 11,397.2% during the 1st quarter. BNP Paribas Arbitrage SA now owns 4,139 shares of the financial services provider’s stock worth $82,000 after acquiring an additional 4,103 shares during the period. State of Alaska Department of Revenue lifted its position in Opus Bank by 13.1% during the 4th quarter. State of Alaska Department of Revenue now owns 7,204 shares of the financial services provider’s stock worth $141,000 after acquiring an additional 835 shares during the period. Finally, Oregon Public Employees Retirement Fund acquired a new stake in Opus Bank during the 4th quarter worth approximately $161,000. Hedge funds and other institutional investors own 95.72% of the company’s stock.
Shares of OPB traded up $0.12 during trading hours on Friday, hitting $21.28. The company’s stock had a trading volume of 173,434 shares, compared to its average volume of 143,445. The company has a market capitalization of $725.28 million, a price-to-earnings ratio of 16.61 and a beta of 1.28. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.45. Opus Bank has a 52-week low of $17.79 and a 52-week high of $30.70.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 23rd. Stockholders of record on Thursday, May 9th will be issued a $0.11 dividend. The ex-dividend date of this dividend is Wednesday, May 8th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 2.07%. Opus Bank’s payout ratio is 34.38%.
Opus Bank Company Profile
Opus Bank provides various banking products, services, and solutions for small and mid-sized companies, entrepreneurs, real estate investors, professionals, and high net worth individuals. The company accepts demand deposits, checking accounts, money market accounts, savings accounts, and certificates of deposit.
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