Opus Bank (OPB) Receiving Somewhat Critical Press Coverage, Study Shows
Media stories about Opus Bank (NASDAQ:OPB) have trended somewhat negative this week, according to AlphaOne Sentiment. AlphaOne, a service of Accern, identifies negative and positive media coverage by analyzing more than twenty million blog and news sources in real time. AlphaOne ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Opus Bank earned a coverage optimism score of -0.06 on AlphaOne’s scale. AlphaOne also assigned headlines about the financial services provider an impact score of 51 out of 100, meaning that recent media coverage is somewhat likely to have an impact on the company’s share price in the near term.
Opus Bank (NASDAQ:OPB) traded down 0.85% during midday trading on Friday, reaching $23.20. 466,859 shares of the company’s stock were exchanged. The firm has a 50-day moving average price of $22.45 and a 200 day moving average price of $23.37. Opus Bank has a 12-month low of $18.20 and a 12-month high of $37.34. The company has a market cap of $863.62 million, a price-to-earnings ratio of 454.90 and a beta of 1.09.
Opus Bank (NASDAQ:OPB) last released its earnings results on Monday, April 24th. The financial services provider reported $0.24 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.30 by $0.06. The business had revenue of $68.59 million during the quarter, compared to analysts’ expectations of $72.14 million. Opus Bank had a return on equity of 2.46% and a net margin of 0.53%. On average, analysts expect that Opus Bank will post $1.25 EPS for the current fiscal year.
A number of equities research analysts have commented on OPB shares. Zacks Investment Research upgraded shares of Opus Bank from a “strong sell” rating to a “hold” rating in a report on Wednesday, April 5th. Piper Jaffray Companies restated an “overweight” rating and issued a $24.00 price target (down from $25.00) on shares of Opus Bank in a report on Monday, April 17th. ValuEngine cut shares of Opus Bank from a “hold” rating to a “sell” rating in a report on Friday, June 2nd. Finally, TheStreet upgraded shares of Opus Bank from a “d+” rating to a “c” rating in a report on Monday, April 24th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $32.40.
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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