Opus Bank (OPB) Upgraded to “Hold” at BidaskClub

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Opus Bank (NASDAQ:OPB) was upgraded by research analysts at BidaskClub from a “sell” rating to a “hold” rating in a research note issued on Thursday.

Several other brokerages have also recently issued reports on OPB. ValuEngine upgraded shares of Opus Bank from a “hold” rating to a “buy” rating in a research report on Tuesday, July 10th. Zacks Investment Research cut shares of Opus Bank from a “hold” rating to a “strong sell” rating in a research report on Friday, June 15th. Finally, FIG Partners cut shares of Opus Bank from an “outperform” rating to a “market-perform” rating in a research report on Monday, July 23rd. Six equities research analysts have rated the stock with a hold rating, Opus Bank has a consensus rating of “Hold” and a consensus target price of $30.80.

OPB stock opened at $25.61 on Thursday. Opus Bank has a 12-month low of $23.80 and a 12-month high of $30.95. The stock has a market capitalization of $939.16 million, a price-to-earnings ratio of 17.19 and a beta of 0.92. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.92 and a current ratio of 0.92.

Opus Bank (NASDAQ:OPB) last announced its quarterly earnings results on Monday, July 23rd. The financial services provider reported $0.40 earnings per share (EPS) for the quarter, beating the 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 company had revenue of $62.45 million for the quarter, compared to analysts’ expectations of $68.65 million. During the same quarter in the previous year, the company earned $0.21 earnings per share. As a group, equities analysts predict that Opus Bank will post 1.47 EPS for the current year.

A number of large investors have recently bought and sold shares of OPB. Piedmont Investment Advisors LLC bought a new stake in Opus Bank during the second quarter worth about $117,000. UBS Group AG boosted its stake in Opus Bank by 186.0% during the first quarter. UBS Group AG now owns 5,832 shares of the financial services provider’s stock worth $163,000 after acquiring an additional 3,793 shares in the last quarter. Teton Advisors Inc. bought a new stake in Opus Bank during the second quarter worth about $215,000. FDx Advisors Inc. bought a new stake in Opus Bank during the second quarter worth about $222,000. Finally, United Services Automobile Association bought a new stake in Opus Bank during the second quarter worth about $227,000. 98.04% of the stock is currently owned by institutional investors and hedge funds.

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.

Further Reading: Stock Symbols and CUSIP Explained

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