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Opus Bank

Nasdaq:OPB
Snowflake Description

Flawless balance sheet with reasonable growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
OPB
Nasdaq
$764M
Market Cap
  1. Home
  2. US
  3. Banks
Company description

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 last earnings update was 55 days ago. More info.


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OPB Share Price and Events
7 Day Returns
-0.3%
NasdaqGS:OPB
-1.7%
US Banks
-0.4%
US Market
1 Year Returns
-27.3%
NasdaqGS:OPB
-6.9%
US Banks
4.3%
US Market
OPB Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Opus Bank (OPB) -0.3% 2.8% 6.6% -27.3% -37.5% -28.4%
US Banks -1.7% -0.7% 3.3% -6.9% 50.7% 38.5%
US Market -0.4% 2.8% 2.7% 4.3% 40.9% 38.2%
1 Year Return vs Industry and Market
  • OPB underperformed the Banks industry which returned -6.9% over the past year.
  • OPB underperformed the Market in United States of America which returned 4.3% over the past year.
Price Volatility
OPB
Industry
5yr Volatility vs Market

OPB Value

 Is Opus Bank undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Opus Bank to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Opus Bank.

NasdaqGS:OPB Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Weighted future Return on Equity estimates from 5 analysts.
= Stable Book Value * Return on Equity
= $29.12 * 5.3%
$1.53
Book Value of Equity per Share Weighted future Book Value estimates from 4 analysts. $29.12
Discount Rate (Cost of Equity) See below 8.3%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NasdaqGS:OPB
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Banks Unlevered Beta Simply Wall St/ S&P Global 0.59
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.589 (1 + (1- 21%) (66.16%))
0.93
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.93
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.93 * 5.96%)
8.28%

Discounted Cash Flow Calculation for NasdaqGS:OPB using Excess Returns Model Model

The calculations below outline how an intrinsic value for Opus Bank is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

NasdaqGS:OPB Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (5.3% – 8.28%) * $29.12)
$-0.88
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= $-0.88 / (8.28% - 2.73%)
$-15.83
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= $29.12 + $-15.83
$13.3
NasdaqGS:OPB Discount to Share Price
Calculation Result
Value per share (USD) From above. $13.30
Current discount Discount to share price of $21.11
= -1 x ($21.11 - $13.30) / $13.30
-58.8%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Opus Bank is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Opus Bank's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Opus Bank's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqGS:OPB PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $0.77
NasdaqGS:OPB Share Price ** NasdaqGS (2019-06-26) in USD $21.11
United States of America Banks Industry PE Ratio Median Figure of 600 Publicly-Listed Banks Companies 12.61x
United States of America Market PE Ratio Median Figure of 3,094 Publicly-Listed Companies 17.77x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Opus Bank.

NasdaqGS:OPB PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:OPB Share Price ÷ EPS (both in USD)

= 21.11 ÷ 0.77

27.52x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Opus Bank is overvalued based on earnings compared to the US Banks industry average.
  • Opus Bank is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does Opus Bank's expected growth come at a high price?
Raw Data
NasdaqGS:OPB PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 27.52x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts
32.8%per year
United States of America Banks Industry PEG Ratio Median Figure of 271 Publicly-Listed Banks Companies 1.3x
United States of America Market PEG Ratio Median Figure of 2,133 Publicly-Listed Companies 1.51x

*Line of best fit is calculated by linear regression .

NasdaqGS:OPB PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 27.52x ÷ 32.8%

0.84x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Opus Bank is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Opus Bank's assets?
Raw Data
NasdaqGS:OPB PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $28.17
NasdaqGS:OPB Share Price * NasdaqGS (2019-06-26) in USD $21.11
United States of America Banks Industry PB Ratio Median Figure of 603 Publicly-Listed Banks Companies 1.18x
United States of America Market PB Ratio Median Figure of 5,255 Publicly-Listed Companies 1.78x
NasdaqGS:OPB PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:OPB Share Price ÷ Book Value per Share (both in USD)

= 21.11 ÷ 28.17

0.75x

* Primary Listing of Opus Bank.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Opus Bank is good value based on assets compared to the US Banks industry average.
X
Value checks
We assess Opus Bank's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Banks industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Banks industry average (and greater than 0)? (1 check)
  5. Opus Bank has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

OPB Future Performance

 How is Opus Bank expected to perform in the next 1 to 3 years based on estimates from 5 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
32.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Opus Bank expected to grow at an attractive rate?
  • Opus Bank's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Opus Bank's earnings growth is expected to exceed the United States of America market average.
  • Opus Bank's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NasdaqGS:OPB Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqGS:OPB Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts 32.8%
NasdaqGS:OPB Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 5 Analysts 9.7%
United States of America Banks Industry Earnings Growth Rate Market Cap Weighted Average 3.8%
United States of America Banks Industry Revenue Growth Rate Market Cap Weighted Average 3.8%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.9%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.4%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NasdaqGS:OPB Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqGS:OPB Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 275 62 5
2019-12-31 258 51 5
NasdaqGS:OPB Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 221 64 28
2018-12-31 222 71 30
2018-09-30 238 115 37
2018-06-30 264 84 48
2018-03-31 279 110 52
2017-12-31 281 90 47
2017-09-30 237 87 27
2017-06-30 195 88 4
2017-03-31 182 87 2
2016-12-31 179 95 11
2016-09-30 216 94 46
2016-06-30 230 107 62

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Opus Bank's earnings are expected to grow significantly at over 20% yearly.
  • Opus Bank's revenue is expected to grow by 9.7% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqGS:OPB Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below

All data from Opus Bank Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:OPB Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31 1.62 1.80 1.52 6.00
2019-12-31 1.32 1.37 1.24 6.00
NasdaqGS:OPB Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 0.77
2018-12-31 0.82
2018-09-30 1.03
2018-06-30 1.33
2018-03-31 1.41
2017-12-31 1.29
2017-09-30 0.75
2017-06-30 0.11
2017-03-31 0.05
2016-12-31 0.34
2016-09-30 1.40
2016-06-30 1.97

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Opus Bank will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Opus Bank's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Opus Bank has a total score of 4/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

OPB Past Performance

  How has Opus Bank performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Opus Bank's growth in the last year to its industry (Banks).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Opus Bank's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Opus Bank's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Opus Bank's 1-year earnings growth is negative, it can't be compared to the US Banks industry average.
Earnings and Revenue History
Opus Bank's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Opus Bank Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:OPB Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 221.12 27.68 154.98
2018-12-31 222.01 29.64 157.34
2018-09-30 237.51 37.00 159.27
2018-06-30 264.28 48.21 160.85
2018-03-31 279.47 51.61 166.31
2017-12-31 281.01 46.90 169.38
2017-09-30 237.14 27.17 169.76
2017-06-30 194.77 3.92 166.09
2017-03-31 181.73 1.83 156.86
2016-12-31 178.59 11.44 141.64
2016-09-30 215.52 45.81 121.46
2016-06-30 230.15 61.89 108.92
2016-03-31 222.59 61.27 100.08
2015-12-31 208.03 53.83 97.23
2015-09-30 197.22 49.43 97.07
2015-06-30 183.68 43.32 95.49
2015-03-31 168.01 36.85 91.71
2014-12-31 164.99 37.68 87.82
2014-09-30 157.29 32.41 90.50
2014-06-30 152.05 113.37 88.76
2014-03-31 153.81 119.34 89.56
2013-12-31 144.74 115.01 89.90
2012-12-31 128.87 18.35 92.79

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Opus Bank has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Opus Bank used its assets less efficiently than the US Banks industry average last year based on Return on Assets.
  • Unable to establish if Opus Bank improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess Opus Bank's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Banks industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Opus Bank has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

OPB Health

 How is Opus Bank's financial position? (This company is analysed differently as a bank or financial institution)

This company is a bank or financial institution.

Fundamentally a bank's business is based upon borrowing and lending money, for this reason they typically have high levels of debt and we analyse them differently.
Net Worth
Balance sheet
This treemap shows a more detailed breakdown of Opus Bank's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Opus Bank Company Filings, last reported 2 months ago.

NasdaqGS:OPB Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 1,048.11 463.08 421.53
2018-12-31 1,040.81 133.01 254.64
2018-09-30 1,037.05 132.94 533.26
2018-06-30 1,033.06 132.88 401.00
2018-03-31 1,022.38 142.81 292.23
2017-12-31 1,023.46 422.75 500.77
2017-09-30 1,023.00 142.68 470.21
2017-06-30 1,001.77 142.61 655.34
2017-03-31 985.63 142.55 1,026.16
2016-12-31 925.94 197.48 935.12
2016-09-30 943.86 197.39 618.47
2016-06-30 951.19 267.33 573.11
2016-03-31 881.66 750.00 501.42
2015-12-31 867.04 420.00 484.88
2015-09-30 851.87 340.00 431.42
2015-06-30 838.94 365.00 455.79
2015-03-31 824.51 365.00 415.28
2014-12-31 799.58 470.00 314.88
2014-09-30 784.59 410.00 318.96
2014-06-30 775.45 397.50 249.38
2014-03-31 683.11 355.00 183.37
2013-12-31 668.83 300.00 186.30
2012-12-31 527.32 315.00 158.02
BANK ANALYSIS

This company is a bank or financial institution, which is analysed accordingly below.

Below we check the amount of loans the bank has, how many of those are bad, and its ability to cover any bad loans.
  • Opus Bank has an acceptable proportion of non-loan assets held.
  • Opus Bank's liabilities are made up of primarily low risk sources of funding.
  • Loans at Opus Bank are broadly funded by customer deposits.
  • Opus Bank's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).
  • Opus Bank has a sufficient allowance for bad loans.
  • Opus Bank has an acceptable level of bad loans (less than 2%).
X
Financial health checks
We assess Opus Bank's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Opus Bank has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

OPB Dividends

 What is Opus Bank's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
2.08%
Current annual income from Opus Bank dividends. Estimated to be 2.24% next year.
If you bought $2,000 of Opus Bank shares you are expected to receive $42 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Opus Bank's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.44%).
  • Opus Bank's dividend is below the markets top 25% of dividend payers in United States of America (3.73%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NasdaqGS:OPB Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
United States of America Banks Industry Average Dividend Yield Market Cap Weighted Average of 479 Stocks 2.9%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2012 Stocks 2.4%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NasdaqGS:OPB Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2020-12-31 0.50 6.00
2019-12-31 0.45 6.00
NasdaqGS:OPB Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-05-03 0.440 2.100
2019-04-29 0.440 2.001
2019-02-28 0.440 2.088
2019-01-28 0.440 2.016
2018-10-22 0.440 2.207
2018-08-03 0.440 1.595
2018-07-23 0.440 1.562
2018-04-23 0.440 1.509
2018-03-14 0.400 1.411
2018-01-22 0.400 1.420
2017-11-09 0.000 0.000
2017-10-23 0.000 0.000
2017-08-07 0.000 0.000
2017-07-24 0.000 0.000
2017-05-05 0.000 0.000
2017-04-24 0.000 0.000
2017-03-13 0.000 0.000
2017-01-30 0.000 0.000
2016-11-09 0.000 0.000
2016-10-24 0.000 0.000
2016-08-05 0.800 2.431
2016-07-25 0.800 2.466
2016-05-06 0.720 2.016
2016-04-25 0.720 2.042
2016-02-29 0.600 1.769
2016-01-25 0.600 1.915
2015-11-06 0.480 1.317
2015-10-26 0.480 1.291
2015-08-07 0.400 1.072
2015-07-27 0.400 1.031
2015-05-08 0.280 0.816
2015-04-27 0.280 0.889
2015-02-27 0.200 0.651
2015-01-26 0.200 0.725

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Opus Bank has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Dividend payments have increased, but Opus Bank only paid a dividend in the past 4 years.
Current Payout to shareholders
What portion of Opus Bank's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.7x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Opus Bank's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Opus Bank afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Opus Bank has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

OPB Management

 What is the CEO of Opus Bank's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Paul Taylor
AGE 57
TENURE AS CEO 0.1 years
CEO Bio

Mr. Paul W. Taylor serves as Chief Executive Officer, President and Director of Opus Bank since May 01, 2019. He was a Director of Pacific Mercantile Bancorp and Pacific Mercantile Bank since March 04, 2019 until April 25, 2019. He was the Chief Executive Officer of Guaranty Bank and Trust Company from June 2011 to 2019. Mr. Taylor serves as Principal Accounting Officer of Centennial Bank Holdings, Inc. Mr. Taylor served as the Chief Executive Officer and President of Guaranty Bancorp since May 3, 2011. Mr. Taylor served as an Executive Vice President of Guaranty Bancorp since 2004. He served as Chief Financial Officer and Chief Operating Officer of Guaranty Bank & Trust Company since 2009 and served as its Executive Vice President and Secretary. He served as Chief Operating & Financial Officer at Guaranty Bancorp since 2004 and again since February 10, 2009 and served as its Principal Accounting Officer and Secretary. He served as President of Guaranty Bank and Trust Company from June 2011 to July 20, 2011. He served as Chief Financial Officer and Executive Vice President of Centennial Bank of the West. From April 2000 to July 2004, he served as the Chief Financial Officer of Centennial Bank Holdings, Inc. predecessor company. Further investment banking experience was with Century Capital Group, where he performed M&A and financing for small businesses. Mr. Taylor began his banking career in 1985 at KeyCorp, where he held various executive management positions in the New York and the Rocky Mountain regions. Mr. Taylor served as a Director of Guaranty Bancorp since July 20, 2011. Mr. Taylor has been Chairman of Guaranty Bank and Trust since May 2011. He serves as a Director of Centennial Bank of the West. He served as a Director of Independent Bank Group, Inc. and Independent Bank from January 1, 2019 till May 13, 2019. From 1998 to 2000, Mr. Taylor served as Director of Mergers and Acquisitions for Alex Sheshunoff Investment Banking. Mr. Taylor serves on the Board of Directors for Boys and Girls Club Metro Denver, and the Board of Governors for the Metro Denver Economic Development Corporation. Mr. Taylor earned a Bachelor of Science degree in Business Economics from the State University of New York and is a graduate of the Pacific Coast Banking School at the University of Washington.

CEO Compensation
  • Insufficient data for Paul to compare compensation growth.
  • Insufficient data for Paul to establish whether their remuneration is reasonable compared to companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Opus Bank management team in years:

1.6
Average Tenure
49
Average Age
  • The average tenure for the Opus Bank management team is less than 2 years, this suggests a new team.
Management Team

Kevin Thompson

TITLE
Executive VP & CFO
COMPENSATION
$662K
AGE
45
TENURE
1.6 yrs

Ed Padilla

TITLE
Vice Chairman
COMPENSATION
$2M
AGE
49

Brian Fitzmaurice

TITLE
Vice Chairman & Senior Chief Credit Officer
COMPENSATION
$2M
AGE
57

Paul Taylor

TITLE
President
AGE
57
TENURE
0.1 yrs

Jenny Simmons

TITLE
Executive VP & COO
AGE
44
TENURE
3.7 yrs

Will Han

TITLE
Deputy CFO

Brett Villaume

TITLE
Senior Vice President and Director of Investor Relations

Jeff Leonard

TITLE
Senior VP & Director of Corporate Strategy/Communications

Balaji Krishna

TITLE
Executive VP
AGE
42
TENURE
2.5 yrs

Greg von der Linden

TITLE
Executive VP & Chief Human Resources Officer
AGE
50
TENURE
0.4 yrs
Board of Directors Tenure

Average tenure and age of the Opus Bank board of directors in years:

1.4
Average Tenure
62.5
Average Age
  • The average tenure for the Opus Bank board of directors is less than 3 years, this suggests a new board.
Board of Directors

Paul Greig

TITLE
Chairman of the Board
COMPENSATION
$13M
AGE
62
TENURE
1.4 yrs

Paul Taylor

TITLE
President
AGE
57
TENURE
0.1 yrs

Mark Schaffer

TITLE
Director
COMPENSATION
$248K
AGE
76
TENURE
8.8 yrs

Rich Thomas

TITLE
Director
COMPENSATION
$255K
AGE
69
TENURE
1.8 yrs

Marsha Cameron

TITLE
Director
COMPENSATION
$188K
AGE
63
TENURE
1.2 yrs

Mike Meyer

TITLE
Director
COMPENSATION
$250K
AGE
79
TENURE
8.8 yrs

David King

TITLE
Director
AGE
59
TENURE
2.7 yrs

Mark Deason

TITLE
Director
AGE
40
TENURE
1.3 yrs

Mal Durkee

TITLE
Director
TENURE
0.1 yrs
Who owns this company?
Recent Insider Trading
  • Opus Bank individual insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
30. Apr 19 Sell Joseph Simpson Individual 26. Apr 19 26. Apr 19 -1,936 $21.81 $-42,224
29. Apr 19 Sell Paul Greig Individual 26. Apr 19 26. Apr 19 -416 $21.81 $-9,073
09. Apr 19 Sell Balaji Krishna Individual 28. Feb 19 28. Feb 19 -679 $22.77 $-15,461
22. Feb 19 Sell Jennifer Simmons Individual 02. Mar 18 20. Feb 19 -4,142 $28.35 $-92,931
19. Feb 19 Sell Jennifer Simmons Individual 17. Feb 19 17. Feb 19 -1,664 $22.03 $-36,658
29. Jan 19 Sell Paul Greig Individual 25. Jan 19 25. Jan 19 -247 $20.90 $-5,162
22. Jan 19 Sell Paul Greig Individual 18. Jan 19 18. Jan 19 -1,208 $21.62 $-26,117
06. Nov 18 Sell Jennifer Simmons Individual 04. Nov 18 04. Nov 18 -474 $19.77 $-9,371
X
Management checks
We assess Opus Bank's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Opus Bank has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

OPB News

Simply Wall St News

Should You Be Tempted To Sell Opus Bank (NASDAQ:OPB) Because Of Its P/E Ratio?

View our latest analysis for Opus Bank How Do I Calculate A Price To Earnings Ratio? … The formula for P/E is: Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS) Or for Opus Bank: P/E of 27.57 = $21.15 ÷ $0.77 (Based on the year to March 2019.) Is A High Price-to-Earnings Ratio Good? … Opus Bank saw earnings per share decrease by 46% last year.

Simply Wall St -

Should You Buy Opus Bank (NASDAQ:OPB) For Its Dividend?

Could Opus Bank (NASDAQ:OPB) be an attractive dividend share to own for the long haul? … Looking at the data, we can see that Opus Bank has been paying a dividend for the past four years. … Earnings per share are down, and Opus Bank's dividend has been cut at least once in the past, which is disappointing.

Simply Wall St -

What You Must Know About Opus Bank's (NASDAQ:OPB) Beta Value

If you're interested in Opus Bank (NASDAQ:OPB), then you might want to consider its beta (a measure of share price volatility) in order to understand how the stock could impact your portfolio. … Beta is worth considering, but it's also important to consider whether Opus Bank is growing earnings and revenue. … What this means for you: Since Opus Bank has a reasonably high beta, it's worth considering why it is so heavily influenced by broader market sentiment.

Simply Wall St -

When Should You Buy Opus Bank (NASDAQ:OPB)?

Opus Bank (NASDAQ:OPB), operating in the financial services industry based in United States,. … As a stock with high coverage by analysts, you could assume any recent changes in the company’s outlook is already priced into the stock? … Today I will analyse the most recent data on Opus Bank’s outlook and valuation to see if the opportunity still exists

Simply Wall St -

How Many Insiders Sold Opus Bank (NASDAQ:OPB) Shares?

So shareholders might well want to know whether insiders have been buying or selling shares in Opus Bank (NASDAQ:OPB). … In the last twelve months, the biggest single sale by an insider was when Richard Sanchez sold US$850k worth of shares at a price of US$28.81 per share. … Although we don't gain confidence from insider selling, we note that this large sale was at well above current price of US$20.94.

Simply Wall St -

Should You Be Tempted To Sell Opus Bank (NASDAQ:OPB) Because Of Its P/E Ratio?

This article is for investors who would like to improve their understanding of price to earnings ratios (P/E ratios). … Opus Bank has a price to earnings ratio of 26.59, based on the last twelve months. … How Do I Calculate A Price To Earnings Ratio

Simply Wall St -

Is Opus Bank (NASDAQ:OPB) An Attractive Dividend Stock?

In the last few years Opus Bank (NASDAQ:OPB) has paid a dividend to shareholders. … Let's dig deeper into whether Opus Bank should have a place in your portfolio. … Check out our latest analysis for Opus Bank

Simply Wall St -

What Makes Opus Bank (NASDAQ:OPB) A Hard Investment?

As a small-cap bank stock with a market capitalisation of US$763m, Opus Bank’s (NASDAQ:OPB) risk and profitability are largely determined by the underlying economic growth of the US regions in which it operates. … The Basel III reforms are aimed at banking regulations to improve financial institutions’ ability to absorb shocks caused by economic stress which could expose banks like Opus Bank to vulnerabilities. … Since its financial standing can unexpectedly decline in the case of an adverse macro event such as political instability, it is important to understand how prudent the bank is at managing its risk levels.

Simply Wall St -

One Thing To Remember About The Opus Bank (NASDAQ:OPB) Share Price

Some investors use beta as a measure of how much a certain stock is impacted by market risk (volatility). … To make good use of it you must first know that the beta of the overall market is one. … Any stock with a beta of greater than one is considered more volatile than the market, while those with a beta below one are either less volatile or poorly correlated with the market.

Simply Wall St -

Why Opus Bank’s (NASDAQ:OPB) Risk Control Makes It Attractive

As a small-cap bank with a market capitalisation of US$730m, Opus Bank’s (NASDAQ:OPB) profit and value are directly affected by economic growth. … Risk associated with repayment is measured by bad debt which is written off as an expense, impacting Opus Bank’s bottom line. … Looking through a risk-lens is a useful way to assess the attractiveness of Opus Bank's a stock investment.

Simply Wall St -

OPB Company Info

Description

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. 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.

Details
Name: Opus Bank
OPB
Exchange: NasdaqGS
Founded: 1982
$763,849,137
36,184,232
Website: http://www.opusbank.com
Address: Opus Bank
19900 MacArthur Boulevard,
12th Floor,
Irvine,
California, 92612,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS OPB Common Stock Nasdaq Global Select US USD 16. Apr 2014
Number of employees
Current staff
Staff numbers
820
Opus Bank employees.
Industry
Regional Banks
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/27 00:30
End of day share price update: 2019/06/26 00:00
Last estimates confirmation: 2019/05/09
Last earnings filing: 2019/05/03
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.