Wall Street brokerages expect Opus Bank (NASDAQ:OPB) to report earnings per share of $0.33 for the current quarter, Zacks reports. Two analysts have provided estimates for Opus Bank’s earnings, with the lowest EPS estimate coming in at $0.31 and the highest estimate coming in at $0.34. Opus Bank reported earnings per share of $0.40 in the same quarter last year, which suggests a negative year-over-year growth rate of 17.5%. The firm is expected to issue its next quarterly earnings report on Monday, July 22nd.
According to Zacks, analysts expect that Opus Bank will report full-year earnings of $1.34 per share for the current fiscal year, with EPS estimates ranging from $1.28 to $1.40. For the next year, analysts forecast that the business will post earnings of $1.73 per share, with EPS estimates ranging from $1.66 to $1.80. Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that that provide coverage for Opus Bank.
Opus Bank (NASDAQ:OPB) last announced its quarterly earnings results on Monday, April 29th. The financial services provider reported $0.28 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.29 by ($0.01). The firm had revenue of $61.90 million during the quarter, compared to the consensus estimate of $62.55 million. Opus Bank had a return on equity of 4.71% and a net margin of 9.89%. During the same quarter in the previous year, the firm earned $0.34 EPS.
Several research firms have issued reports on OPB. ValuEngine upgraded shares of Opus Bank from a “sell” rating to a “hold” rating in a research note on Wednesday, May 1st. Zacks Investment Research cut shares of Opus Bank from a “hold” rating to a “sell” rating in a research note on Wednesday, May 1st. Finally, BidaskClub upgraded shares of Opus Bank from a “sell” rating to a “hold” rating in a research note on Friday, April 5th. One investment analyst has rated the stock with a sell rating and three have given a hold rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $20.00.
A number of institutional investors and hedge funds have recently bought and sold shares of OPB. Shoals Capital Management LP bought a new position in Opus Bank during the 4th quarter valued at about $11,754,000. Castine Capital Management LLC purchased a new stake in shares of Opus Bank during the 1st quarter valued at about $5,698,000. Dimensional Fund Advisors LP increased its position in shares of Opus Bank by 7.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,500,420 shares of the financial services provider’s stock valued at $48,983,000 after purchasing an additional 172,485 shares during the last quarter. WINTON GROUP Ltd purchased a new stake in shares of Opus Bank during the 4th quarter valued at about $3,022,000. Finally, BlackRock Inc. increased its position in shares of Opus Bank by 4.6% during the 4th quarter. BlackRock Inc. now owns 3,251,017 shares of the financial services provider’s stock valued at $63,688,000 after purchasing an additional 143,254 shares during the last quarter. Institutional investors and hedge funds own 95.72% of the company’s stock.
Opus Bank stock traded up $0.12 during mid-day trading on Thursday, reaching $21.28. The stock had a trading volume of 173,434 shares, compared to its average volume of 143,445. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.96 and a quick ratio of 0.96. The stock has a market cap of $725.28 million, a price-to-earnings ratio of 16.61 and a beta of 1.28. Opus Bank has a one year low of $17.79 and a one year high of $30.70.
The business also recently announced a quarterly dividend, which will be paid on Thursday, May 23rd. Shareholders of record on Thursday, May 9th will be paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 2.07%. The ex-dividend date of this dividend is Wednesday, May 8th. 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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