Opus Bank (OPB) Declines Again; Strong Momentum for Sellers

August 11, 2017 - By Winifred Garcia

The stock of Opus Bank (NASDAQ:OPB) is a huge mover today! About 117,181 shares traded. Opus Bank (NASDAQ:OPB) has declined 39.11% since August 11, 2016 and is downtrending. It has underperformed by 55.81% the S&P500.
The move comes after 8 months negative chart setup for the $729.48M company. It was reported on Aug, 11 by Barchart.com. We have $21.02 PT which if reached, will make NASDAQ:OPB worth $51.06M less.

Opus Bank (NASDAQ:OPB) Ratings Coverage

Among 8 analysts covering Opus Bank (NASDAQ:OPB), 3 have Buy rating, 0 Sell and 5 Hold. Therefore 38% are positive. Opus Bank had 13 analyst reports since July 29, 2015 according to SRatingsIntel. On Monday, December 19 the stock rating was maintained by Hovde Group with “Outperform”. The firm has “Outperform” rating given on Friday, June 3 by Hovde Group. The stock has “Neutral” rating by JP Morgan on Monday, January 30. Sandler O’Neill downgraded the shares of OPB in report on Thursday, October 20 to “Hold” rating. The firm earned “Outperform” rating on Wednesday, June 29 by Credit Suisse. Piper Jaffray maintained Opus Bank (NASDAQ:OPB) rating on Monday, July 10. Piper Jaffray has “Buy” rating and $2700 target. Keefe Bruyette & Woods downgraded the shares of OPB in report on Tuesday, October 25 to “Mkt Perform” rating. Hovde Group downgraded Opus Bank (NASDAQ:OPB) on Monday, January 30 to “Market Perform” rating. On Friday, May 26 the stock rating was maintained by Keefe Bruyette & Woods with “Hold”. The company was initiated on Friday, September 16 by JMP Securities.

More notable recent Opus Bank (NASDAQ:OPB) news were published by: Seekingalpha.com which released: “Opus Bank’s (OPB) CEO Stephen Gordon on Q2 2017 Results – Earnings Call Transcript” on July 24, 2017, also Prnewswire.com with their article: “Ryan & Maniskas, LLP Announces Class Action Lawsuit Against Opus Bank” published on November 02, 2016, Seekingalpha.com published: “Opus Bank’s (OPB) CEO Stephen Gordon on Q3 2016 Results – Earnings Call Transcript” on October 25, 2016. More interesting news about Opus Bank (NASDAQ:OPB) were released by: Seekingalpha.com and their article: “Opus Bank’s (OPB) CEO Stephen Gordon on Q4 2016 Results – Earnings Call Transcript” published on January 31, 2017 as well as Fool.com‘s news article titled: “Why LendingClub, DHI Group, and Opus Bank Slumped Today” with publication date: October 17, 2016.

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 has market cap of $729.48 million. The Company’s Commercial Bank consists Commercial Banking, Business Banking, Healthcare Banking, Technology Banking, Fiduciary Banking, Institutional Syndications and Commercial Real Estate Banking , which includes Income Property Banking, its Structured Finance Group and Capital Markets Group. It has a 452 P/E ratio. Through its Merchant Bank, the Company offers transaction support, and debt and equity capital to entrepreneurs, small and mid-sized business and middle-market companies.

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