Wall Street brokerages forecast that Opus Bank (NASDAQ:OPB) will announce earnings per share (EPS) of $0.23 for the current quarter, Zacks reports. Two analysts have made estimates for Opus Bank’s earnings. The lowest EPS estimate is $0.05 and the highest is $0.41. Opus Bank reported earnings of $0.35 per share during the same quarter last year, which would indicate a negative year over year growth rate of 34.3%. The firm is expected to announce its next earnings results on Monday, August 3rd.
According to Zacks, analysts expect that Opus Bank will report full-year earnings of $1.32 per share for the current year, with EPS estimates ranging from $0.80 to $1.68. For the next fiscal year, analysts anticipate that the company will post earnings of $1.48 per share, with EPS estimates ranging from $1.20 to $1.80. Zacks Investment Research’s earnings per share averages are an average based on a survey of analysts that follow Opus Bank.
Opus Bank (NASDAQ:OPB) last issued its quarterly earnings data on Tuesday, April 28th. The financial services provider reported $0.35 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.34 by $0.01. The firm had revenue of $64.98 million for the quarter, compared to analysts’ expectations of $61.85 million. Opus Bank had a negative net margin of 10.21% and a positive return on equity of 6.63%.
Shares of OPB stock traded up $0.11 during trading hours on Friday, reaching $17.60. 100,358 shares of the company were exchanged, compared to its average volume of 216,684. Opus Bank has a fifty-two week low of $13.07 and a fifty-two week high of $28.37. The stock’s fifty day moving average is $16.72 and its two-hundred day moving average is $22.51. The company has a market cap of $636.20 million, a price-to-earnings ratio of -17.43 and a beta of 1.37. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.01 and a quick ratio of 0.96.
The business also recently disclosed a quarterly dividend, which was paid on Friday, May 22nd. Stockholders of record on Friday, May 8th were given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 2.50%. The ex-dividend date of this dividend was Thursday, May 7th. Opus Bank’s dividend payout ratio is 25.00%.
Several hedge funds have recently modified their holdings of OPB. Voya Investment Management LLC bought a new stake in shares of Opus Bank during the third quarter worth $200,000. Virginia Retirement Systems ET AL bought a new stake in shares of Opus Bank during the fourth quarter worth $378,000. California Public Employees Retirement System increased its position in shares of Opus Bank by 114.1% during the fourth quarter. California Public Employees Retirement System now owns 35,434 shares of the financial services provider’s stock worth $917,000 after acquiring an additional 18,883 shares in the last quarter. Rice Hall James & Associates LLC bought a new position in Opus Bank in the fourth quarter valued at $1,584,000. Finally, State of New Jersey Common Pension Fund D bought a new position in Opus Bank in the fourth quarter valued at $3,362,000. 98.76% of the stock is owned by institutional investors.
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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