Opus Bank (OPB) Earning Favorable Media Coverage, Report Shows
News articles about Opus Bank (NASDAQ:OPB) have trended positive on Friday, Alpha One Sentiment reports. Alpha One, a service of Accern, ranks the sentiment of press coverage by analyzing more than twenty million news and blog sources in real time. Alpha One ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Opus Bank earned a daily sentiment score of 0.31 on Alpha One’s scale. Alpha One also gave media coverage about the financial services provider an impact score of 100 out of 100, meaning that recent press coverage is extremely likely to have an impact on the stock’s share price in the immediate future.
These are some of the news headlines that may have effected AlphaOne Sentiment Analysis’s analysis:
- Opus Bank (OPB) Given Media Impact Score of 0.31 (americanbankingnews.com)
- Opus Bank (OPB) Receives Average Rating of “Hold” from Analysts (americanbankingnews.com)
- Opus Bank’s (OPB) Overweight Rating Reiterated at Piper Jaffray Companies (americanbankingnews.com)
- Somewhat Positive Press Coverage Extremely Likely to Effect Opus Bank (OPB) Share Price (americanbankingnews.com)
Opus Bank (NASDAQ:OPB) traded up 2.104% during midday trading on Friday, hitting $20.625. 368,336 shares of the company were exchanged. The stock has a market capitalization of $767.62 million, a PE ratio of 63.267 and a beta of 1.05. Opus Bank has a one year low of $18.21 and a one year high of $38.19. The firm’s 50-day moving average price is $19.81 and its 200-day moving average price is $24.29.
Opus Bank (NASDAQ:OPB) last released its quarterly earnings data on Monday, January 30th. The financial services provider reported ($0.55) earnings per share for the quarter, missing the consensus estimate of $0.42 by $0.97. The company earned $87.24 million during the quarter, compared to the consensus estimate of $79.72 million. Opus Bank had a net margin of 3.40% and a return on equity of 3.42%. During the same quarter in the prior year, the firm earned ($0.09) EPS. Equities research analysts anticipate that Opus Bank will post $1.42 earnings per share for the current year.
OPB has been the subject of a number of recent research reports. TheStreet downgraded shares of Opus Bank from a “c-” rating to a “d+” rating in a research note on Monday, February 6th. Zacks Investment Research raised shares of Opus Bank from a “strong sell” rating to a “hold” rating in a research note on Wednesday, April 5th. Hovde Group downgraded shares of Opus Bank from an “outperform” rating to a “market perform” rating and set a $31.00 price target for the company. in a research note on Monday, January 30th. JPMorgan Chase & Co. downgraded shares of Opus Bank from an “overweight” rating to a “neutral” rating in a research note on Monday, January 30th. Finally, Piper Jaffray Companies reissued an “overweight” rating and set a $24.00 price target (down from $25.00) on shares of Opus Bank in a research note on Monday. Seven investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $32.40.
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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.
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