Opus Bank (OPB) Downgraded to “Sell” at ValuEngine

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.

Opus Bank (NASDAQ:OPB) last posted its earnings results on Monday, January 28th. The financial services provider reported $0.27 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.28 by ($0.01). The firm had revenue of $53.81 million during the quarter, compared to analyst estimates of $62.95 million. Opus Bank had a return on equity of 4.79% and a net margin of 10.74%. During the same quarter last year, the business posted $0.26 earnings per share. As a group, sell-side analysts predict that Opus Bank will post 1.34 earnings per share for the current fiscal year.

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.

Read More: How are institutional investors different from individual investors?

To view ValuEngine’s full report, visit ValuEngine’s official website.

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