BidaskClub cut shares of Opus Bank (NASDAQ:OPB) from a buy rating to a hold rating in a research report report published on Tuesday morning.
Separately, Zacks Investment Research raised Opus Bank from a strong sell rating to a hold rating in a report on Wednesday, December 26th. One research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. Opus Bank has an average rating of Hold and a consensus target price of $25.00.
OPB stock opened at $21.36 on Tuesday. The company has a quick ratio of 0.92, a current ratio of 0.90 and a debt-to-equity ratio of 0.13. The stock has a market cap of $719.45 million, a price-to-earnings ratio of 16.69 and a beta of 1.27. Opus Bank has a twelve month low of $17.79 and a twelve month high of $30.95.
The company also recently announced a quarterly dividend, which was paid on Thursday, February 21st. Shareholders of record on Thursday, February 7th were paid a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 2.06%. The ex-dividend date was Wednesday, February 6th. Opus Bank’s dividend payout ratio is currently 34.38%.
A number of institutional investors and hedge funds have recently modified their holdings of the business. Shoals Capital Management LP bought a new stake in Opus Bank in the fourth quarter valued at approximately $11,754,000. BlackRock Inc. lifted its position in Opus Bank by 19.4% in the third quarter. BlackRock Inc. now owns 3,107,763 shares of the financial services provider’s stock valued at $85,153,000 after purchasing an additional 504,052 shares during the last quarter. Matarin Capital Management LLC bought a new stake in Opus Bank in the third quarter valued at approximately $7,975,000. Dimensional Fund Advisors LP lifted its position in Opus Bank by 8.7% in the third quarter. Dimensional Fund Advisors LP now owns 2,327,935 shares of the financial services provider’s stock valued at $63,785,000 after purchasing an additional 186,823 shares during the last quarter. Finally, WINTON GROUP Ltd bought a new stake in Opus Bank in the fourth quarter valued at approximately $3,022,000. 98.99% of the stock is owned by institutional investors and hedge funds.
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: Cryptocurrencies
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.