Other equities analysts have also recently issued research reports about the stock. Hovde Group raised shares of Opus Bank from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $21.50 to $24.00 in a research note on Friday, August 9th. BidaskClub raised shares of Opus Bank from a “sell” rating to a “hold” rating in a research note on Thursday, September 12th. Finally, Zacks Investment Research cut shares of Opus Bank from a “hold” rating to a “sell” rating in a research note on Tuesday, October 15th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $23.33.
NASDAQ:OPB traded up $0.54 during mid-day trading on Monday, hitting $23.71. 147,900 shares of the stock traded hands, compared to its average volume of 135,058. The business’s 50-day moving average price is $21.85 and its 200 day moving average price is $21.26. The company has a market cap of $782.52 million, a PE ratio of 18.52 and a beta of 1.28. Opus Bank has a 12-month low of $17.79 and a 12-month high of $23.81. The company has a quick ratio of 0.97, a current ratio of 0.98 and a debt-to-equity ratio of 0.47.
A number of hedge funds have recently added to or reduced their stakes in OPB. Bank of Montreal Can grew its stake in Opus Bank by 122.3% in the 2nd quarter. Bank of Montreal Can now owns 3,373 shares of the financial services provider’s stock worth $71,000 after buying an additional 1,856 shares in the last quarter. Atria Investments LLC purchased a new position in Opus Bank in the 2nd quarter worth approximately $150,000. Envestnet Asset Management Inc. purchased a new position in Opus Bank in the 2nd quarter worth approximately $200,000. Magnus Financial Group LLC purchased a new position in Opus Bank in the 2nd quarter worth approximately $201,000. Finally, Unison Advisors LLC purchased a new position in Opus Bank in the 2nd quarter worth approximately $208,000. 96.04% 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 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.
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.