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Credit Suisse Group AG downgraded Opus Bank (NASDAQ:OPB) to Neutral in a report released today.

Yesterday Opus Bank (NASDAQ:OPB) traded -21.04% lower at $27.20. The company’s 50-day moving average is $34.65 and its 200-day moving average is $34.75. The last closing price is down -21.73% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time period. 1,494,659 shares of the stock traded hands, up from an average trading volume of 152,118

Credit Suisse Group AG has downgraded Opus Bank (NASDAQ:OPB) to Neutral in a report released on 10/17/2016.

See Chart Below

Opus Bank (NASDAQ:OPB)

Opus Bank has a 52 week low of $27.19 and a 52 week high of $41.49 with a P/E ratio of 14.34 The company’s market cap is currently $0.

In addition to Credit Suisse Group AG reporting its stock price target, a total of 5 brokers have issued a report on the company. The average stock price target is $41.40 with 0 brokers rating the stock a strong buy, 5 brokers rating the stock a buy, 0 brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.

General Information About Opus Bank (NASDAQ:OPB)

Opus Bank is a California-chartered commercial bank. The Company provides relationship-based banking products, services and solutions to small and mid-sized companies, entrepreneurs, real estate investors, professionals and individuals. It is organized into four lines of business: commercial banking operations, which is referred to as Commercial Bank; retail banking operations, which is referred to as Retail Bank; merchant banking operations, which is referred to as Merchant Bank and correspondent banking operations, which is referred to as Correspondent Bank. Through these four lines of businesses, it offers a range of conventional and specialized financial products and services to its clients through divisions, such as commercial real estate banking; commercial banking; healthcare banking; technology banking; institutional syndications; fiduciary banking; business banking; corporate finance; private equity group; corporate advisory and correspondent banking.

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