Opus Bank (OPB) was Downgraded by Credit Suisse to ” Neutral”. Earlier the firm had a rating of “Outperform ” on the company shares. Credit Suisse advised their investors in a research report released on Oct 18, 2016.
Many Wall Street Analysts have commented on Opus Bank. Opus Bank was Initiated by JMP Securities to “Mkt Perform” on Sep 16, 2016.
Opus Bank opened for trading at $34.56 and hit $35.04 on the upside on Friday, eventually ending the session at $34.45, with a gain of 0.58% or 0.2 points. The heightened volatility saw the trading volume jump to 74,218 shares. Company has a market cap of $1,181 M.
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.