Opus Bank (OPB) Receives $31.50 Consensus Target Price from Analysts

Shares of Opus Bank (NASDAQ:OPB) have received an average rating of “Hold” from the eight ratings firms that are currently covering the company, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $31.00.

Several equities research analysts recently commented on the company. BidaskClub upgraded Opus Bank from a “hold” rating to a “buy” rating in a report on Tuesday, March 20th. Piper Jaffray downgraded Opus Bank from an “overweight” rating to a “neutral” rating in a report on Tuesday, January 23rd. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $31.00 target price on shares of Opus Bank in a report on Tuesday, February 27th. Zacks Investment Research downgraded Opus Bank from a “buy” rating to a “sell” rating in a report on Wednesday, February 28th. Finally, Hovde Group set a $30.00 price objective on Opus Bank and gave the stock a “hold” rating in a report on Friday, April 6th.

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A number of hedge funds have recently bought and sold shares of the business. Hilton Capital Management LLC increased its holdings in shares of Opus Bank by 32.4% in the 4th quarter. Hilton Capital Management LLC now owns 19,295 shares of the financial services provider’s stock valued at $527,000 after acquiring an additional 4,720 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of Opus Bank by 47.3% in the 4th quarter. Goldman Sachs Group Inc. now owns 83,652 shares of the financial services provider’s stock valued at $2,284,000 after acquiring an additional 26,850 shares during the last quarter. Deutsche Bank AG increased its holdings in shares of Opus Bank by 53.0% in the 4th quarter. Deutsche Bank AG now owns 56,474 shares of the financial services provider’s stock valued at $1,539,000 after acquiring an additional 19,559 shares during the last quarter. Brandywine Global Investment Management LLC bought a new stake in shares of Opus Bank in the 4th quarter valued at approximately $2,943,000. Finally, Alliancebernstein L.P. increased its holdings in shares of Opus Bank by 21.6% in the 4th quarter. Alliancebernstein L.P. now owns 29,790 shares of the financial services provider’s stock valued at $813,000 after acquiring an additional 5,290 shares during the last quarter. Institutional investors own 98.10% of the company’s stock.

Shares of NASDAQ:OPB traded down $0.05 during mid-day trading on Wednesday, hitting $27.95. 123,167 shares of the company traded hands, compared to its average volume of 201,955. The company has a market cap of $939.16, a P/E ratio of 18.76 and a beta of 0.94. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.94 and a current ratio of 0.94. Opus Bank has a 52-week low of $19.15 and a 52-week high of $30.95.

Opus Bank (NASDAQ:OPB) last announced 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). The company had revenue of $64.60 million for the quarter, compared to analysts’ expectations of $67.30 million. Opus Bank had a net margin of 15.45% and a return on equity of 5.98%. The business’s quarterly revenue was down 25.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.55) earnings per share. analysts predict that Opus Bank will post 1.92 earnings per share for the current year.

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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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