Opus Bank (NASDAQ:OPB) Rating Lowered to Sell at BidaskClub

WINTON GROUP Ltd acquired a new stake in shares of Opus Bank during the fourth quarter worth about $3,022,000. Finally, Oregon Public …

Opus Bank logoBidaskClub cut shares of Opus Bank (NASDAQ:OPB) from a hold rating to a sell rating in a research note issued to investors on Tuesday, June 11th, BidAskClub reports.

OPB has been the subject of several other reports. Zacks Investment Research upgraded Opus Bank from a sell rating to a hold rating in a research note on Tuesday, June 11th. ValuEngine upgraded Opus Bank from a sell rating to a hold rating in a research note on Wednesday, May 1st. One analyst has rated the stock with a sell rating and three have given a hold rating to the company. Opus Bank has an average rating of Hold and an average price target of $20.00.

Shares of Opus Bank stock opened at $21.27 on Tuesday. Opus Bank has a 12-month low of $17.79 and a 12-month high of $30.70. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.96 and a quick ratio of 0.96. The company has a market cap of $724.94 million, a price-to-earnings ratio of 17.06 and a beta of 1.27.

Opus Bank (NASDAQ:OPB) last posted its quarterly earnings data on Monday, April 29th. The financial services provider reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.01). The business had revenue of $61.90 million during the quarter, compared to the consensus estimate of $62.55 million. Opus Bank had a net margin of 9.89% and a return on equity of 4.71%. During the same period in the prior year, the company posted $0.34 earnings per share. As a group, equities analysts predict that Opus Bank will post 1.34 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Thursday, May 23rd. Shareholders of record on Thursday, May 9th were issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 2.07%. The ex-dividend date of this dividend was Wednesday, May 8th. Opus Bank’s dividend payout ratio (DPR) is currently 34.38%.

A number of institutional investors and hedge funds have recently modified their holdings of OPB. Vanguard Group Inc. boosted its holdings in Opus Bank by 6.9% during the third quarter. Vanguard Group Inc. now owns 1,260,395 shares of the financial services provider’s stock worth $34,535,000 after buying an additional 81,568 shares during the last quarter. Arizona State Retirement System raised its position in shares of Opus Bank by 6.3% during the fourth quarter. Arizona State Retirement System now owns 33,318 shares of the financial services provider’s stock worth $653,000 after purchasing an additional 1,979 shares during the period. SG Americas Securities LLC raised its position in shares of Opus Bank by 8.2% during the fourth quarter. SG Americas Securities LLC now owns 22,980 shares of the financial services provider’s stock worth $450,000 after purchasing an additional 1,733 shares during the period. WINTON GROUP Ltd acquired a new stake in shares of Opus Bank during the fourth quarter worth about $3,022,000. Finally, Oregon Public Employees Retirement Fund acquired a new stake in shares of Opus Bank during the fourth quarter worth about $161,000. Hedge funds and other institutional investors own 97.02% of the company’s stock.

About Opus Bank

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.

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