Opus Bank (NASDAQ:OPB) has been assigned a consensus rating of “Hold” from the seven analysts that are currently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating on the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $31.50.
Several equities research analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of Opus Bank from a “hold” rating to a “buy” rating and set a $31.00 price objective for the company in a research report on Wednesday, January 10th. Keefe, Bruyette & Woods restated a “hold” rating and set a $31.00 price objective on shares of Opus Bank in a research report on Tuesday, February 27th. Piper Jaffray Companies reiterated a “buy” rating and set a $30.00 price target on shares of Opus Bank in a research report on Tuesday, January 9th. BidaskClub cut shares of Opus Bank from a “hold” rating to a “sell” rating in a research report on Friday, December 29th. Finally, ValuEngine upgraded shares of Opus Bank from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd.
Shares of Opus Bank (NASDAQ OPB) opened at $29.35 on Friday. The company has a market cap of $1,002.57, a PE ratio of 18.75 and a beta of 0.96. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.94 and a quick ratio of 0.90. Opus Bank has a 12-month low of $18.45 and a 12-month high of $29.90.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Stockholders of record on Thursday, February 1st were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.36%. The ex-dividend date of this dividend was Wednesday, January 31st. Opus Bank’s payout ratio is 31.75%.
Hedge funds and other institutional investors have recently bought and sold shares of the company. JPMorgan Chase & Co. lifted its stake in Opus Bank by 416.9% in the third quarter. JPMorgan Chase & Co. now owns 44,455 shares of the financial services provider’s stock worth $1,067,000 after acquiring an additional 35,855 shares during the last quarter. Stevens Capital Management LP purchased a new stake in shares of Opus Bank during the 3rd quarter worth approximately $585,000. Sei Investments Co. lifted its position in shares of Opus Bank by 10.3% during the 3rd quarter. Sei Investments Co. now owns 42,615 shares of the financial services provider’s stock worth $1,023,000 after buying an additional 3,980 shares during the last quarter. Convergence Investment Partners LLC purchased a new stake in shares of Opus Bank during the 4th quarter worth approximately $1,192,000. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in shares of Opus Bank during the 3rd quarter worth approximately $900,000. 98.18% of the stock is owned by institutional investors and hedge funds.
About Opus Bank
Opus Bank is a commercial bank. The Company provides banking products, services and solutions to its clients through its Retail Bank, Commercial Bank, Merchant Bank, and Correspondent Bank. The Company’s Commercial Bank consists Commercial Banking, Business Banking, Healthcare Banking, Technology Banking, Fiduciary Banking, Institutional Syndications and Commercial Real Estate Banking (CREB), which includes Income Property Banking, its Structured Finance Group and Capital Markets Group.
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