According to Zacks, “Opus Bank is a state-charted commercial bank. The Bank accepts deposits, loans, and provides other services for the public. It provides relationship-based banking products, services and loan products for small to mid-sized commercial businesses, entrepreneurs, real estate investors, professionals and consumers. Opus Bank is headquartered in Irvine, California. “
Several other research analysts have also commented on OPB. BidaskClub raised Opus Bank from a hold rating to a buy rating in a research report on Friday, March 1st. ValuEngine lowered Opus Bank from a hold rating to a sell rating in a research report on Wednesday, March 20th. One investment analyst has rated the stock with a sell rating and three have issued a hold rating to the company’s stock. The stock presently has an average rating of Hold and an average target price of $20.00.
Shares of NASDAQ OPB opened at $20.98 on Friday. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.96 and a quick ratio of 0.96. The firm has a market cap of $719.11 million, a price-to-earnings ratio of 16.39 and a beta of 1.27. Opus Bank has a twelve month low of $17.79 and a twelve month high of $30.70.
Opus Bank (NASDAQ:OPB) last issued its earnings results on Monday, April 29th. The financial services provider reported $0.28 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.29 by ($0.01). The firm had revenue of $61.90 million for the quarter, compared to the consensus estimate of $62.55 million. Opus Bank had a net margin of 9.89% and a return on equity of 4.71%. During the same period last year, the firm earned $0.34 earnings per share. Research analysts expect that Opus Bank will post 1.34 earnings per share for the current fiscal year.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. grew its stake in Opus Bank by 4.6% during the 4th quarter. BlackRock Inc. now owns 3,251,017 shares of the financial services provider’s stock worth $63,688,000 after buying an additional 143,254 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Opus Bank by 7.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,500,420 shares of the financial services provider’s stock worth $48,983,000 after buying an additional 172,485 shares during the last quarter. Shoals Capital Management LP purchased a new position in Opus Bank during the 4th quarter worth $11,754,000. Bank of New York Mellon Corp grew its stake in Opus Bank by 28.4% during the 4th quarter. Bank of New York Mellon Corp now owns 327,216 shares of the financial services provider’s stock worth $6,410,000 after buying an additional 72,473 shares during the last quarter. Finally, Castine Capital Management LLC purchased a new position in Opus Bank during the 1st quarter worth $5,698,000. 97.02% 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 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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