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Last $37.58 USD
Change Today +0.55 / 1.49%
Volume 63.5K
As of 8:10 PM 08/27/15 All times are local (Market data is delayed by at least 15 minutes).

opus bank (OPB) Snapshot

Open
$37.48
Previous Close
$37.03
Day High
$37.70
Day Low
$37.10
52 Week High
07/31/15 - $40.00
52 Week Low
01/16/15 - $23.86
Market Cap
1.1B
Average Volume 10 Days
51.5K
EPS TTM
$1.50
Shares Outstanding
28.6M
EX-Date
08/4/15
P/E TM
25.1x
Dividend
$0.40
Dividend Yield
0.59%
Current Stock Chart for OPUS BANK (OPB)

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opus bank (OPB) Details

Opus Bank, a commercial bank, provides banking products, services, and solutions for small to mid-sized companies, entrepreneurs, real estate investors, professionals, and high net worth individuals. The company offers demand deposits, checking accounts, money market accounts, savings accounts, retirement accounts, and certificates of deposit, as well as specialty accounts, such as attorney client trust and business check cards. It also provides multifamily residential loans, commercial real estate loans, commercial business loans, small business administration loans, construction loans, and revolving lines of credit; single-family residential and consumer loans; loans and lines for working capital, expansion, acquisitions, consolidation, and transition; apartment, lender, and single-family residential aggregation financing services; structured finance services; and bridge/rehabilitation loans, as well as assistance with healthcare mergers and acquisitions. In addition, the company offers treasury management services, such as managing receivables and payables, cash management solutions, business credit cards, merchant card services, foreign exchange services, and business online banking services; and fiduciary banking services. Further, it provides advisory services relating to debt and capital adequacy and structure, operational efficiency, strategic planning, business initiatives, marketing strategies and treasury, and cash management solutions. Additionally, the company offers banking products, services, and solutions to technology companies, including to clients in the software, hardware, information technology services, and semiconductor sectors. As of July 27, 2015, it operated 57 centers, including 2 centers in the Phoenix metropolitan area of Arizona, 33 centers in California, and 22 centers in the Seattle/Puget Sound region in Washington. The company, formerly known as Bay Cities National Bank, was founded in 1982 and is headquartered in Irvine, California.

585 Employees
Last Reported Date: 02/27/15
Founded in 1982

opus bank (OPB) Top Compensated Officers

Founding Chairman, Chief Executive Officer, P...
Total Annual Compensation: $1.3M
Co-President and President of The Commercial ...
Total Annual Compensation: $711.8K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $475.0K
Senior Executive Vice President and General C...
Total Annual Compensation: $575.0K
Compensation as of Fiscal Year 2014.

opus bank (OPB) Key Developments

Opus Bank Announces Quarterly Cash Dividend, Payable on August 20, 2015; Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015

Opus Bank announced that its Board of Directors approved increasing its quarterly cash dividend by 43% to $0.10 per share payable on August 20, 2015 to common and preferred shareholders of record as of August 6, 2015. The company reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported total interest income of $61,062,000 compared to $42,172,000 a year ago. Net interest income was $54,978,000 compared to $37,498,000 a year ago. Income before income tax was $28,678,000 compared to $16,372,000 a year ago. Net income was $17,484,000 or $0.52 per diluted share compared to $10,276,000 or $0.32 per diluted share a year ago. Return on average assets was 1.23% compared to 0.97% a year ago. Return on average stockholders' equity was 8.42% compared to 5.47% a year ago. Return on average tangible equity was 12.54% compared to 8.23% a year ago. Tangible book value per as-converted share at June 30, 2015 increased to $17.48 from $17.08 at March 31, 2015 and $16.49 at June 30, 2014. For the six months, the company reported total interest income of $112,297,000 compared to $86,042,000 a year ago. Net interest income was $100,169,000 compared to $77,239,000 a year ago. Income before income tax was $46,847,000 compared to $36,703,000 a year ago. Net income was $28,561,000 or $0.86 per diluted share compared to $23,523,000 or $0.77 per diluted share a year ago. Return on average assets was 1.05% compared to 1.18% a year ago. Return on average stockholders' equity was 7.02% compared to 6.63% a year ago. Return on average tangible equity was 10.32% compared to 10.25% a year ago.

Opus Bank to Report Q2, 2015 Results on Jul 27, 2015

Opus Bank announced that they will report Q2, 2015 results at 9:00 AM, Eastern Standard Time on Jul 27, 2015

Opus Bank, Q2 2015 Earnings Call, Jul 27, 2015

Opus Bank, Q2 2015 Earnings Call, Jul 27, 2015

 

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OPB:US $37.58 USD +0.55

OPB Competitors

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Company Last Change
Banner Corp $43.56 USD -0.14
Cardinal Financial Corp $21.85 USD -0.02
Eagle Bancorp Inc $41.94 USD +0.46
Independent Bank Group Inc $40.63 USD +0.59
Westamerica Bancorporation $44.58 USD +0.41
View Industry Companies
 

Industry Analysis

OPB

Industry Average

Valuation OPB Industry Range
Price/Earnings 28.5x
Price/Sales 5.8x
Price/Book 1.4x
Price/Cash Flow 21.8x
TEV/Sales 3.3x
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