Opus Bank (NASDAQ:OPB) has earned a consensus rating of “Buy” from the seven research firms that are currently covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $29.00.
OPB has been the subject of several analyst reports. BidaskClub upgraded Opus Bank from a “strong sell” rating to a “sell” rating in a report on Thursday, October 26th. TheStreet upgraded Opus Bank from a “c+” rating to a “b-” rating in a report on Wednesday, October 25th. Piper Jaffray Companies restated a “buy” rating and issued a $30.00 target price on shares of Opus Bank in a report on Tuesday, January 9th. FIG Partners initiated coverage on Opus Bank in a report on Thursday, November 9th. They issued an “outperform” rating and a $32.00 target price for the company. Finally, ValuEngine upgraded Opus Bank from a “hold” rating to a “buy” rating in a report on Friday, February 2nd.
Shares of Opus Bank (OPB) traded up $0.15 during trading on Tuesday, hitting $27.60. The stock had a trading volume of 125,871 shares, compared to its average volume of 216,842. The firm has a market cap of $927.17, a price-to-earnings ratio of 21.79 and a beta of 1.07. The company has a current ratio of 0.94, a quick ratio of 0.90 and a debt-to-equity ratio of 0.43. Opus Bank has a fifty-two week low of $18.45 and a fifty-two week high of $29.90.
The business also recently announced a quarterly dividend, which will be paid on Thursday, February 15th. Investors of record on Thursday, February 1st will be issued a $0.10 dividend. The ex-dividend date is Wednesday, January 31st. This represents a $0.40 annualized dividend and a yield of 1.45%. Opus Bank’s dividend payout ratio (DPR) is currently 31.75%.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Municipal Employees Retirement System of Michigan lifted its holdings in Opus Bank by 59.0% in the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 6,820 shares of the financial services provider’s stock worth $164,000 after purchasing an additional 2,530 shares during the last quarter. Louisiana State Employees Retirement System bought a new position in Opus Bank in the 4th quarter worth approximately $202,000. Voya Investment Management LLC bought a new position in Opus Bank in the 2nd quarter worth approximately $209,000. Teacher Retirement System of Texas bought a new position in Opus Bank in the 4th quarter worth approximately $212,000. Finally, FDx Advisors Inc. bought a new position in Opus Bank in the 4th quarter worth approximately $213,000. Hedge funds and other institutional investors own 99.88% of the company’s stock.
Opus Bank Company Profile
Opus Bank is a commercial bank. The Company provides banking products, services and solutions to its clients through its Retail Bank, Commercial Bank, Merchant Bank, and Correspondent Bank. The Company’s Commercial Bank consists Commercial Banking, Business Banking, Healthcare Banking, Technology Banking, Fiduciary Banking, Institutional Syndications and Commercial Real Estate Banking (CREB), which includes Income Property Banking, its Structured Finance Group and Capital Markets Group.
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