ValuEngine lowered shares of Opus Bank (NASDAQ:OPB) from a hold rating to a sell rating in a report released on Wednesday morning.
Several other research firms have also weighed in on OPB. BidaskClub upgraded shares of Opus Bank from a hold rating to a buy rating in a report on Friday, March 1st. Zacks Investment Research upgraded shares of Opus Bank from a strong sell rating to a hold rating in a report on Wednesday, December 26th. One equities research analyst has rated the stock with a sell rating and four have issued a hold rating to the company. Opus Bank has an average rating of Hold and a consensus target price of $25.00.
OPB stock traded down $0.04 during midday trading on Wednesday, reaching $20.64. The company’s stock had a trading volume of 3,823 shares, compared to its average volume of 98,324. Opus Bank has a 52 week low of $17.79 and a 52 week high of $30.70. The stock has a market cap of $730.08 million, a PE ratio of 16.13 and a beta of 1.27. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.92 and a current ratio of 0.90.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 21st. Investors of record on Thursday, February 7th were issued a dividend of $0.11 per share. The ex-dividend date of this dividend was Wednesday, February 6th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 2.13%. Opus Bank’s payout ratio is 34.38%.
Large investors have recently modified their holdings of the stock. State of Alaska Department of Revenue raised its holdings in shares of Opus Bank by 13.1% during the fourth quarter. State of Alaska Department of Revenue now owns 7,204 shares of the financial services provider’s stock worth $141,000 after acquiring an additional 835 shares during the period. Oregon Public Employees Retirement Fund acquired a new stake in shares of Opus Bank during the fourth quarter worth $161,000. Panagora Asset Management Inc. acquired a new stake in shares of Opus Bank during the third quarter worth $175,000. Municipal Employees Retirement System of Michigan acquired a new stake in shares of Opus Bank during the fourth quarter worth $188,000. Finally, O Shaughnessy Asset Management LLC acquired a new stake in shares of Opus Bank during the fourth quarter worth $195,000. Institutional investors and hedge funds own 97.67% of the company’s stock.
Opus Bank Company Profile
Opus Bank provides various banking products, services, and solutions for small to mid-sized companies, entrepreneurs, real estate investors, professionals, and high net worth individuals. It offers demand deposits, checking accounts, money market accounts, savings accounts, and certificates of deposit.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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