Stock to Watch: Opus Bank (NASDAQ:OPB)

We are currently watching Opus Bank (NASDAQ:OPB) for a potential breakout.  Opus Bank provides various banking products, services, and solutions for small and mid-sized companies, entrepreneurs, real estate investors, professionals, and high net worth individuals. The company accepts demand deposits, checking accounts, money market accounts, savings accounts, and certificates of deposit. Its loan products include multifamily residential loans, commercial real estate loans, commercial business loans, small business administration loans, and construction loans; and loans and lines for working capital, expansion, acquisitions, consolidation, and transition.

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Snapshot

Average Recommendation:HoldAverage Target Price:23.00
Number of Ratings:5Current Quarters Estimate:0.35
FY Report Date:12 / 2019Current Year’s Estimate:1.22
Last Quarter’s Earnings:0.23Median PE on CY Estimate:16.84
Year Ago Earnings:1.28Next Fiscal Year Estimate:1.60
Median PE on Next FY Estimate:13.25

Earnings Per Share

This QuarterNext QuarterThis FiscalNext Fiscal
# of Estimates5.005.005.005.00
Mean Estimate0.350.361.221.60
High Estimates0.370.371.251.85
Low Estimates0.340.331.191.46
Coefficient Variance3.885.001.899.21

Analysts Recommendations

current1 Month Ago3 Months Ago
BUY1
OVERWEIGHT
HOLD466
UNDERWEIGHT
SELL
MEANHoldHoldHold

 

The company also offers financial and advisory services related to raising equity capital, targeted acquisition and divestiture strategies, general mergers and acquisitions, debt and equity financing, balance sheet restructuring, valuation, strategy, and performance improvement. In addition, it provides commercial escrow services and facilitates tax-deferred commercial exchanges; and treasury, cash management, and depository solutions. As of January 28, 2019, it operated 47 banking offices, including 28 in California, 16 in the Seattle/Puget Sound region in Washington, 2 in the Phoenix metropolitan area of Arizona, and 1 in Portland, Oregon. The company was formerly known as Bay Cities National Bank. Opus Bank was founded in 1982 and is headquartered in Irvine, California.

OPB’s optimistic future growth appears to have been factored into the current share price, with shares trading above its fair value. However, this brings up another question – is now the right time to sell? If you believe OPB should trade below its current price, selling high and buying it back up again when its price falls towards its real value can be profitable. But before you make this decision, take a look at whether its fundamentals have changed.

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 If you’ve been keeping an eye on OPB for a while, now may not be the best time to enter into the stock. The price has surpassed its industry peers, which means it is likely that there is no more upside from mispricing. However, the optimistic prospect is encouraging for OPB, which means it’s worth diving deeper into other factors in order to take advantage of the next price drop.

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