ValuEngine Lowers Opus Bank (OPB) to Sell

Share on StockTwits

Opus Bank (NASDAQ:OPB) was downgraded by investment analysts at ValuEngine from a “hold” rating to a “sell” rating in a report issued on Monday.

Several other equities research analysts also recently weighed in on OPB. FIG Partners downgraded shares of Opus Bank from an “outperform” rating to a “market-perform” rating in a research note on Monday, July 23rd. BidaskClub downgraded shares of Opus Bank from a “buy” rating to a “hold” rating in a research note on Saturday, August 25th. Finally, Zacks Investment Research raised shares of Opus Bank from a “sell” rating to a “hold” rating in a research note on Thursday, July 26th. One analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. Opus Bank presently has a consensus rating of “Hold” and a consensus price target of $30.80.

Shares of OPB stock traded down $5.35 during trading hours on Monday, hitting $19.50. The company had a trading volume of 1,247,273 shares, compared to its average volume of 164,857. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.92 and a current ratio of 0.92. Opus Bank has a fifty-two week low of $19.28 and a fifty-two week high of $30.95. The firm has a market cap of $851.76 million, a P/E ratio of 13.09 and a beta of 0.92.

Opus Bank (NASDAQ:OPB) last issued its quarterly earnings data on Monday, October 22nd. The financial services provider reported $0.25 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.11). Opus Bank had a return on equity of 5.96% and a net margin of 16.83%. During the same quarter last year, the business earned $0.54 earnings per share. As a group, research analysts predict that Opus Bank will post 1.47 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Lawson Kroeker Investment Management Inc. NE increased its holdings in Opus Bank by 7.0% during the 3rd quarter. Lawson Kroeker Investment Management Inc. NE now owns 172,205 shares of the financial services provider’s stock valued at $4,718,000 after acquiring an additional 11,230 shares in the last quarter. United Services Automobile Association purchased a new position in Opus Bank during the 2nd quarter valued at about $227,000. Northern Trust Corp increased its holdings in Opus Bank by 2.2% during the 2nd quarter. Northern Trust Corp now owns 248,681 shares of the financial services provider’s stock valued at $7,136,000 after acquiring an additional 5,294 shares in the last quarter. Capital Fund Management S.A. purchased a new position in Opus Bank during the 2nd quarter valued at about $362,000. Finally, Laurion Capital Management LP purchased a new position in Opus Bank during the 2nd quarter valued at about $416,000. 97.69% of the stock is currently owned by hedge funds and other institutional investors.

About Opus Bank

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.

Recommended Story: Treasury Bonds

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

Receive News & Ratings for Opus Bank Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Opus Bank and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply