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Zacks Investment Research downgraded Opus Bank (NASDAQ:OPB) to Sell in a report released today.

Zacks Investment Research has downgraded Opus Bank (NASDAQ:OPB) to Sell in a report released on 7/8/2017.

Yesterday Opus Bank (NASDAQ:OPB) traded 0.22% higher at $23.75. The company’s 50-day moving average is $23.77 and its 200-day moving average is $22.11. The last closing price is up 4.24% from the 200-day moving average, compared to the S&P 500 which has increased 0.05% over the same time. 336,260 shares of the stock were exchanged, up from an average trading volume of 265,595

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Opus Bank (NASDAQ:OPB)

Opus Bank has a 52 week low of $18.20 and a 52 week high of $35.90 with a P/E ratio of 215.42 The company’s market cap is currently $0.

In addition to Zacks Investment Research reporting its target price, a total of 5 brokers have issued a report on the stock. The consensus target price 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 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's Commercial Bank consists Commercial Banking, Business Banking, Healthcare Banking, Technology Banking, Fiduciary Banking, Institutional Syndications and Commercial Real Estate Banking (CREB), which includes Income Property Banking, its Structured Finance Group and Capital Markets Group. 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. Through its Retail Bank, the Company provides banking solutions for small and mid-sized companies, entrepreneurs, real estate investors, professional and high net worth individuals. Through its Correspondent Bank, the Company offers loan and depository services to other financial institutions.

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