Opus Bank (NASDAQ:OPB) has been downgraded from Outperform to Neutral in a statement by Credit Suisse earlier today.
- Updated: October 18, 2016
Credit Suisse has downgraded Opus Bank (NASDAQ:OPB) from Outperform to Neutral in a statement released on 10/18/2016.
Having a price of $27.20, Opus Bank (NASDAQ:OPB) traded -21.04% lower on the day. With the last stock price down -21.73% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the same period. OPB has recorded a 50-day average of $34.65 and a two hundred day average of $34.75. Trade Volume was up over the average, with 1,494,659 shares of OPB changing hands over the typical 152,118
Recent Performance Chart
Opus Bank has PE ratio of 14.34 with a one year low of $27.19 and a one year high of $41.49 and has a market capitalization of $0.
A total of 5 brokerages have issued a ratings update on Opus Bank. zero brokerages rating the company a strong buy, five brokerages rating the company a buy, zero brokerages rating the company a hold, zero brokerages rating the company a underperform, and finally zero brokerages rating the company a sell with a 12-month price target of $41.40.
General Company Details For 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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