Opus Bank (NASDAQ:OPB) is set to announce second quarter earning results on Monday 27th July 2020, before market open.
Analysts surveyed by Thomson Reuters are predicting, OPB to report 2Q20 income of $ 0.40 per share.
For the full year, analysts anticipate top line of $ 257.16 million, while looking forward to income of $ 1.64 per share bottom line.
Previous Quarter Performance
Opus Bank unfold income for the first quarter of $ 0.35 per share, from the revenue of $ 64.98 million. The quarterly earnings contracted 35.29 percent while revenues compared with the same quarter last year.
According to street consensus, OPB was expected to report 1Q20 income of $ 0.34 per share from revenue of $ 62.11 million. The bottom line results beat street analysts by $ 0.01 or 2.94 percent, at the same time, top line results outshined analysts by $ 2.87 million or 4.62 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of OPB was $ 19.49, representing a 49.12 % increase from the 52 week low of $ 13.07 and a 31.3 % decrease over the 52 week high of $ 28.37.
The company has a market capital of $ 709.91 million and is part of the Financial Services sector and Banks – Regional – US industry.
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Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.11 per share on April 28, 2020. The dividend were payable on May 22, 2020 to holders of record as of the close of business on May 8, 2020 and ex-dividend date on May 7, 2020.
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.
