Opus Bank Releases Its Quarterly Performance Update

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Piper Jaffray Raises Price Target on Opus Bank (OPB) Following Investor Meetings

May 18, 2016 9:12 AM EDT

Piper Jaffray reiterated an Overweight rating on Opus Bank (NASDAQ: OPB), and raised the price target to $45.00 (from $44.00), following investor meetings with management. Piper expects PENSCO to contribute 25-30 bps on $10.9B of AUC to OPB's annualized fee revenue.

Analyst Matthew Clark... More