Opus Bank (NASDAQ:OPB) Expected to Post Earnings of $0.37 Per Share

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Equities research analysts expect Opus Bank (NASDAQ:OPB) to announce earnings per share of $0.37 for the current quarter, Zacks reports. Two analysts have made estimates for Opus Bank’s earnings, with the highest EPS estimate coming in at $0.38 and the lowest estimate coming in at $0.35. Opus Bank reported earnings per share of $0.27 in the same quarter last year, which would indicate a positive year-over-year growth rate of 37%. The business is expected to announce its next earnings results on Monday, January 27th.

On average, analysts expect that Opus Bank will report full year earnings of $1.45 per share for the current fiscal year, with EPS estimates ranging from $1.43 to $1.47. For the next financial year, analysts forecast that the business will report earnings of $1.63 per share, with EPS estimates ranging from $1.57 to $1.68. Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that that provide coverage for Opus Bank.

Opus Bank (NASDAQ:OPB) last announced its earnings results on Monday, October 28th. The financial services provider reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.23. The company had revenue of $62.63 million for the quarter, compared to analyst estimates of $63.70 million. Opus Bank had a return on equity of 5.67% and a net margin of 11.12%. During the same quarter in the previous year, the company earned $0.25 earnings per share.

A number of analysts have issued reports on the company. Stephens assumed coverage on Opus Bank in a research report on Wednesday. They issued an “overweight” rating and a $30.00 target price on the stock. BidaskClub lowered Opus Bank from a “buy” rating to a “hold” rating in a research report on Tuesday, December 3rd. TheStreet raised Opus Bank from a “c” rating to a “b-” rating in a research report on Monday, October 28th. Zacks Investment Research lowered Opus Bank from a “hold” rating to a “sell” rating in a research report on Tuesday, October 15th. Finally, ValuEngine lowered Opus Bank from a “hold” rating to a “sell” rating in a research report on Monday, October 21st. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the company’s stock. Opus Bank has a consensus rating of “Hold” and an average price target of $26.67.

Several institutional investors have recently bought and sold shares of OPB. California State Teachers Retirement System grew its stake in shares of Opus Bank by 1.2% during the third quarter. California State Teachers Retirement System now owns 34,111 shares of the financial services provider’s stock worth $743,000 after purchasing an additional 407 shares in the last quarter. United Services Automobile Association boosted its stake in Opus Bank by 5.8% in the second quarter. United Services Automobile Association now owns 13,655 shares of the financial services provider’s stock valued at $288,000 after acquiring an additional 747 shares in the last quarter. State of Tennessee Treasury Department boosted its stake in Opus Bank by 8.5% in the third quarter. State of Tennessee Treasury Department now owns 9,628 shares of the financial services provider’s stock valued at $210,000 after acquiring an additional 757 shares in the last quarter. Teton Advisors Inc. boosted its stake in Opus Bank by 7.7% in the third quarter. Teton Advisors Inc. now owns 14,000 shares of the financial services provider’s stock valued at $305,000 after acquiring an additional 1,000 shares in the last quarter. Finally, Summit Global Investments raised its holdings in shares of Opus Bank by 3.8% in the second quarter. Summit Global Investments now owns 33,100 shares of the financial services provider’s stock valued at $699,000 after buying an additional 1,200 shares during the last quarter. 96.80% of the stock is currently owned by institutional investors and hedge funds.

NASDAQ OPB traded up $0.97 on Friday, reaching $26.35. The stock had a trading volume of 363,244 shares, compared to its average volume of 280,367. The firm has a market capitalization of $865.13 million, a price-to-earnings ratio of 20.59 and a beta of 1.33. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.32. Opus Bank has a 12-month low of $17.79 and a 12-month high of $26.26. The stock has a fifty day moving average price of $25.29 and a two-hundred day moving average price of $22.24.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 21st. Stockholders of record on Thursday, November 7th were given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.67%. The ex-dividend date was Wednesday, November 6th. Opus Bank’s dividend payout ratio is currently 34.38%.

Opus Bank Company Profile

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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Earnings History and Estimates for Opus Bank (NASDAQ:OPB)

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