Press coverage about Opus Bank (NASDAQ:OPB) has been trending somewhat positive recently, according to Accern Sentiment. The research firm scores the sentiment of press coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Opus Bank earned a daily sentiment score of 0.08 on Accern’s scale. Accern also gave news articles about the financial services provider an impact score of 47.6031411385141 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
These are some of the headlines that may have impacted Accern’s scoring:
NASDAQ:OPB traded down $1.00 during midday trading on Friday, hitting $27.85. 188,694 shares of the stock were exchanged, compared to its average volume of 194,586. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.94 and a quick ratio of 0.94. The stock has a market cap of $954.59, a price-to-earnings ratio of 17.85 and a beta of 0.94. Opus Bank has a one year low of $18.75 and a one year high of $30.95.
Opus Bank (NASDAQ:OPB) last posted its quarterly earnings results on Monday, January 22nd. The financial services provider reported $0.26 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.40 by ($0.14). Opus Bank had a return on equity of 5.98% and a net margin of 15.45%. The business had revenue of $64.60 million during the quarter, compared to analyst estimates of $67.30 million. During the same quarter last year, the firm posted ($0.55) EPS. The company’s quarterly revenue was down 25.8% compared to the same quarter last year. sell-side analysts expect that Opus Bank will post 1.92 EPS for the current year.
Several analysts have recently weighed in on OPB shares. BidaskClub downgraded Opus Bank from a “hold” rating to a “sell” rating in a research note on Friday, December 29th. Piper Jaffray reiterated a “buy” rating and issued a $30.00 price target on shares of Opus Bank in a research note on Tuesday, January 9th. Zacks Investment Research upgraded Opus Bank from a “hold” rating to a “buy” rating and set a $31.00 price target for the company in a research note on Wednesday, January 10th. ValuEngine upgraded Opus Bank from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Finally, Keefe, Bruyette & Woods restated a “hold” rating and issued a $31.00 target price on shares of Opus Bank in a research note on Tuesday, February 27th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Opus Bank currently has a consensus rating of “Hold” and an average price target of $30.80.
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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.
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