Opus Bank (NASDAQ:OPB) has earned a consensus rating of “Hold” from the eight ratings firms that are covering the company, Marketbeat.com reports. Six analysts have rated the stock with a hold recommendation. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $30.50.
A number of brokerages have recently issued reports on OPB. ValuEngine upgraded Opus Bank from a “hold” rating to a “buy” rating in a report on Tuesday, July 10th. BidaskClub upgraded Opus Bank from a “hold” rating to a “buy” rating in a report on Friday, June 22nd. Zacks Investment Research downgraded Opus Bank from a “hold” rating to a “strong sell” rating in a report on Friday, June 15th. Finally, FIG Partners downgraded Opus Bank from an “outperform” rating to a “market-perform” rating in a report on Monday, July 23rd.
A number of hedge funds have recently made changes to their positions in OPB. Matarin Capital Management LLC acquired a new stake in Opus Bank during the 1st quarter worth about $9,428,000. Dimensional Fund Advisors LP lifted its position in Opus Bank by 20.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,922,230 shares of the financial services provider’s stock worth $53,822,000 after acquiring an additional 321,256 shares during the period. BlackRock Inc. lifted its position in Opus Bank by 6.7% during the 2nd quarter. BlackRock Inc. now owns 2,603,711 shares of the financial services provider’s stock worth $74,726,000 after acquiring an additional 162,415 shares during the period. Sei Investments Co. lifted its position in Opus Bank by 85.3% during the 1st quarter. Sei Investments Co. now owns 166,793 shares of the financial services provider’s stock worth $4,670,000 after acquiring an additional 76,757 shares during the period. Finally, Creative Planning acquired a new stake in Opus Bank during the 2nd quarter worth about $1,776,000. Hedge funds and other institutional investors own 98.04% of the company’s stock.
NASDAQ OPB traded down $0.10 on Friday, reaching $28.40. 503 shares of the stock traded hands, compared to its average volume of 122,073. Opus Bank has a 12 month low of $21.06 and a 12 month high of $30.95. The firm has a market cap of $971.72 million, a PE ratio of 19.03 and a beta of 0.91. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.13.
Opus Bank (NASDAQ:OPB) last announced its quarterly earnings results on Monday, July 23rd. The financial services provider reported $0.40 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.34 by $0.06. Opus Bank had a return on equity of 5.96% and a net margin of 16.83%. The business had revenue of $62.45 million for the quarter, compared to the consensus estimate of $68.65 million. During the same period last year, the business posted $0.21 EPS. research analysts expect that Opus Bank will post 1.47 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, August 16th. Investors of record on Thursday, August 2nd were paid a dividend of $0.11 per share. The ex-dividend date of this dividend was Wednesday, August 1st. This represents a $0.44 annualized dividend and a yield of 1.55%. Opus Bank’s dividend payout ratio (DPR) is 29.53%.
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.
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