JMP Securities began coverage on shares of Opus Bank (NASDAQ:OPB) in a report published on Friday. The firm issued a market perform rating on the stock.

Analyst Recommendations for Opus Bank (NASDAQ:OPB)

A number of other analysts also recently commented on the company. TheStreet raised Opus Bank from a hold rating to a buy rating in a research report on Friday, July 15th. Credit Suisse Group AG reaffirmed a buy rating on shares of Opus Bank in a research report on Tuesday, July 12th. JPMorgan Chase & Co. reaffirmed a buy rating on shares of Opus Bank in a research report on Sunday, July 10th. Keefe, Bruyette & Woods reaffirmed a buy rating and set a $42.00 price target (down from $44.00) on shares of Opus Bank in a research report on Thursday, May 19th. Finally, Hovde Group initiated coverage on Opus Bank in a research report on Friday, June 3rd. They set an outperform rating and a $44.00 price target for the company. One investment analyst has rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating to the company. The company has a consensus rating of Buy and a consensus price target of $41.80.

Shares of Opus Bank (NASDAQ:OPB) opened at 34.70 on Friday. The company has a market capitalization of $1.19 billion, a P/E ratio of 18.29 and a beta of 0.51. The company has a 50-day moving average price of $33.91 and a 200 day moving average price of $34.72. Opus Bank has a 1-year low of $28.84 and a 1-year high of $41.49.

Opus Bank (NASDAQ:OPB) last announced its quarterly earnings results on Monday, July 25th. The company reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.64 by $0.18. Opus Bank had a return on equity of 7.45% and a net margin of 22.45%. Equities research analysts anticipate that Opus Bank will post $2.29 EPS for the current year.

A number of large investors have recently bought and sold shares of OPB. State Street Corp raised its stake in Opus Bank by 13.5% in the first quarter. State Street Corp now owns 301,071 shares of the company’s stock valued at $10,233,000 after buying an additional 35,774 shares in the last quarter. JPMorgan Chase & Co. raised its stake in Opus Bank by 5.5% in the first quarter. JPMorgan Chase & Co. now owns 23,476 shares of the company’s stock valued at $798,000 after buying an additional 1,229 shares in the last quarter. Teachers Retirement System of The State of Kentucky acquired a new stake in Opus Bank during the second quarter valued at about $223,000. Aristotle Capital Boston LLC raised its stake in Opus Bank by 14.5% in the second quarter. Aristotle Capital Boston LLC now owns 140,032 shares of the company’s stock valued at $4,733,000 after buying an additional 17,712 shares in the last quarter. Finally, TIAA CREF Investment Management LLC raised its stake in Opus Bank by 40.0% in the first quarter. TIAA CREF Investment Management LLC now owns 192,678 shares of the company’s stock valued at $6,551,000 after buying an additional 55,089 shares in the last quarter. 93.91% of the stock is owned by institutional investors.

About Opus Bank

Opus Bank is a California-chartered commercial bank. The Company provides relationship-based banking products, services and solutions to small and mid-sized companies, entrepreneurs, real estate investors, professionals and individuals. It is organized into four lines of business: commercial banking operations, which is referred to as Commercial Bank; retail banking operations, which is referred to as Retail Bank; merchant banking operations, which is referred to as Merchant Bank and correspondent banking operations, which is referred to as Correspondent Bank.

5 Day Chart for NASDAQ:OPB

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