Keefe, Bruyette & Woods reiterated their hold rating on shares of Opus Bank (NASDAQ:OPB) in a report released on Tuesday. The brokerage currently has a $24.00 target price on the financial services provider’s stock.

Several other analysts have also recently commented on OPB. Zacks Investment Research raised Opus Bank from a sell rating to a hold rating in a research report on Wednesday, August 9th. TheStreet cut Opus Bank from a b- rating to a c+ rating in a research report on Wednesday, August 23rd. BidaskClub cut Opus Bank from a sell rating to a strong sell rating in a research report on Saturday, August 12th. ValuEngine raised Opus Bank from a sell rating to a hold rating in a research report on Tuesday, July 25th. Finally, Piper Jaffray Companies reaffirmed a buy rating and issued a $27.00 target price on shares of Opus Bank in a research report on Wednesday, July 12th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and one has assigned a buy rating to the stock. The company has a consensus rating of Hold and a consensus price target of $27.33.

Opus Bank (OPB) opened at 22.35 on Tuesday. The company has a 50-day moving average price of $23.42 and a 200 day moving average price of $22.07. The firm has a market capitalization of $835.64 million, a P/E ratio of 208.88 and a beta of 1.07. Opus Bank has a 1-year low of $18.20 and a 1-year high of $35.90.

Opus Bank (NASDAQ:OPB) last issued its earnings results on Monday, July 24th. The financial services provider reported $0.51 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.29 by $0.22. The business had revenue of $79.83 million during the quarter, compared to analysts’ expectations of $71.47 million. Opus Bank had a return on equity of 2.76% and a net margin of 1.15%. The company’s revenue for the quarter was down 49.3% on a year-over-year basis. Analysts expect that Opus Bank will post $1.41 earnings per share for the current fiscal year.

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Hedge funds have recently added to or reduced their stakes in the stock. UBS Group AG boosted its stake in Opus Bank by 23.4% in the first quarter. UBS Group AG now owns 4,969 shares of the financial services provider’s stock worth $100,000 after buying an additional 941 shares during the last quarter. BNP Paribas Arbitrage SA boosted its stake in Opus Bank by 66.9% in the second quarter. BNP Paribas Arbitrage SA now owns 5,508 shares of the financial services provider’s stock worth $133,000 after buying an additional 2,208 shares during the last quarter. Bank of Montreal Can boosted its stake in Opus Bank by 262.1% in the first quarter. Bank of Montreal Can now owns 8,340 shares of the financial services provider’s stock worth $168,000 after buying an additional 6,037 shares during the last quarter. New York State Teachers Retirement System boosted its stake in Opus Bank by 6.3% in the first quarter. New York State Teachers Retirement System now owns 8,459 shares of the financial services provider’s stock worth $170,000 after buying an additional 500 shares during the last quarter. Finally, Voya Investment Management LLC purchased a new stake in Opus Bank during the second quarter worth about $209,000. 91.73% of the stock is owned by hedge funds and other institutional investors.

Opus Bank Company Profile

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.

Analyst Recommendations for Opus Bank (NASDAQ:OPB)

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