Opus Bank (OPB) was Initiated by Credit Suisse to “Outperform” and the brokerage firm has set the Price Target at $44. Credit Suisse advised their investors in a research report released on Jun 29, 2016.
Many Wall Street Analysts have commented on Opus Bank. Hovde Group Initiated Opus Bank on Jun 3, 2016 to “Outperform”, Price Target of the shares are set at $44.
Opus Bank closed down -1.99 points or -5.90% at $31.72 with 3,42,311 shares getting traded on Monday. Post opening the session at $33.42, the shares hit an intraday low of $31.5 and an intraday high of $33.62 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
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.