Wall Street brokerages expect Opus Bank (NASDAQ:OPB) to announce earnings per share (EPS) of $0.36 for the current quarter, Zacks reports. Two analysts have provided estimates for Opus Bank’s earnings, with the lowest EPS estimate coming in at $0.32 and the highest estimate coming in at $0.39. Opus Bank posted earnings of $0.55 per share during the same quarter last year, which would indicate a negative year over year growth rate of 34.5%. The firm is expected to announce its next quarterly earnings results before the market opens on Monday, October 22nd.
On average, analysts expect that Opus Bank will report full year earnings of $1.47 per share for the current financial year, with EPS estimates ranging from $1.39 to $1.55. For the next year, analysts forecast that the company will post earnings of $1.98 per share, with EPS estimates ranging from $1.85 to $2.11. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research firms that follow Opus Bank.
Opus Bank (NASDAQ:OPB) last announced its quarterly earnings data on Monday, July 23rd. The financial services provider reported $0.40 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.34 by $0.06. Opus Bank had a net margin of 16.83% and a return on equity of 5.96%. The firm had revenue of $62.45 million during the quarter, compared to analyst estimates of $68.65 million. During the same quarter in the prior year, the firm posted $0.21 earnings per share.
A number of brokerages recently issued reports on OPB. BidaskClub lowered shares of Opus Bank from a “buy” rating to a “hold” rating in a report on Wednesday, July 25th. ValuEngine lowered shares of Opus Bank from a “buy” rating to a “hold” rating in a report on Wednesday, June 13th. Zacks Investment Research raised shares of Opus Bank from a “sell” rating to a “hold” rating in a report on Thursday, July 26th. Finally, FIG Partners lowered shares of Opus Bank from an “outperform” rating to a “market-perform” rating in a report on Monday, July 23rd. One analyst has rated the stock with a sell rating and five have issued a hold rating to the stock. The company has a consensus rating of “Hold” and an average target price of $30.80.
Shares of OPB traded down $0.22 during mid-day trading on Tuesday, reaching $26.90. The stock had a trading volume of 110,802 shares, compared to its average volume of 161,666. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.13. Opus Bank has a 52-week low of $23.80 and a 52-week high of $30.95. The firm has a market capitalization of $939.16 million, a P/E ratio of 18.05 and a beta of 0.92.
A number of hedge funds have recently made changes to their positions in OPB. Dimensional Fund Advisors LP boosted its stake in Opus Bank by 20.1% during the first quarter. Dimensional Fund Advisors LP now owns 1,922,230 shares of the financial services provider’s stock worth $53,822,000 after buying an additional 321,256 shares during the period. BlackRock Inc. boosted its stake in Opus Bank by 6.7% during the second quarter. BlackRock Inc. now owns 2,603,711 shares of the financial services provider’s stock worth $74,726,000 after buying an additional 162,415 shares during the period. Sei Investments Co. boosted its stake in Opus Bank by 85.3% during the first quarter. Sei Investments Co. now owns 166,793 shares of the financial services provider’s stock worth $4,670,000 after buying an additional 76,757 shares during the period. Creative Planning purchased a new position in Opus Bank during the second quarter worth about $1,776,000. Finally, Summit Global Investments purchased a new position in Opus Bank during the second quarter worth about $649,000. 98.04% of the stock is owned by institutional investors.
Opus Bank Company Profile
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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