Opus Bank Receives a Hold from KBW

By Austin Angelo

KBW analyst Melissa Roberts reiterated a Hold rating on Opus Bank (NASDAQ: OPB) on August 27 and set a price target of $24. The company’s shares opened today at $22.45.

According to TipRanks.com, Roberts is a 2-star analyst with an average return of 0.8% and a 41.7% success rate. Roberts covers the Financial sector, focusing on stocks such as Argo Group International Holdings Ltd, Fidelity National Financial Ventures, and First Financial Corporation Indiana.

Opus Bank has an analyst consensus of Moderate Buy, with a price target consensus of $25.50.

Based on Opus Bank’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $79.91 million and quarterly net profit of $18.22 million. In comparison, last year the company earned revenue of $83.78 million and had a net profit of $16.14 million.

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Opus Bank engages in the provision of banking and financial services. It offers checking and savings accounts, deposits, loans, mortgages, treasury, cash and wealth management, and real estate loans. The company was founded by Stephen H. Gordon on September 30, 2010 and is headquartered in Irvine, CA.