Opus Bank (NASDAQ:OPB) Set to Announce Earnings on Monday

Opus Bank (NASDAQ:OPB) will be posting its quarterly earnings results before the market opens on Monday, July 24th. Analysts expect Opus Bank to post earnings of $0.29 per share for the quarter.

Opus Bank (NASDAQ:OPB) last posted its quarterly earnings data on Monday, April 24th. The financial services provider reported $0.24 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.30 by $0.06. The firm had revenue of $68.59 million for the quarter, compared to the consensus estimate of $72.14 million. Opus Bank had a net margin of 0.53% and a return on equity of 2.46%. On average, analysts expect Opus Bank to post $1.23 EPS for the current fiscal year and $1.83 EPS for the next fiscal year.

Shares of Opus Bank (NASDAQ:OPB) opened at 23.50 on Friday. The firm’s 50-day moving average price is $23.38 and its 200 day moving average price is $22.57. The company has a market capitalization of $874.79 million, a PE ratio of 460.78 and a beta of 1.08. Opus Bank has a 52-week low of $18.20 and a 52-week high of $36.75.

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OPB has been the topic of a number of research reports. Zacks Investment Research raised shares of Opus Bank from a “strong sell” rating to a “hold” rating in a research report on Wednesday, April 5th. BidaskClub lowered shares of Opus Bank from a “hold” rating to a “sell” rating in a research report on Wednesday. TheStreet raised shares of Opus Bank from a “c” rating to a “b-” rating in a research report on Thursday, July 13th. Piper Jaffray Companies reaffirmed an “overweight” rating and set a $24.00 target price (down from $25.00) on shares of Opus Bank in a research report on Monday, April 17th. Finally, ValuEngine lowered shares of Opus Bank from a “hold” rating to a “sell” rating in a research report on Friday, June 2nd. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $27.67.

About Opus Bank

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.

Earnings History for Opus Bank (NASDAQ:OPB)

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