Shares of Opus Bank (NASDAQ:OPB) have been assigned an average recommendation of “Buy” from the seven analysts that are currently covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $29.00.
Several equities analysts have commented on OPB shares. BidaskClub raised shares of Opus Bank from a “strong sell” rating to a “sell” rating in a report on Thursday, October 26th. TheStreet raised shares of Opus Bank from a “c+” rating to a “b-” rating in a report on Wednesday, October 25th. Piper Jaffray Companies lowered shares of Opus Bank from an “overweight” rating to a “neutral” rating in a report on Tuesday, January 23rd. FIG Partners started coverage on shares of Opus Bank in a report on Thursday, November 9th. They issued an “outperform” rating and a $32.00 target price on the stock. Finally, ValuEngine raised shares of Opus Bank from a “hold” rating to a “buy” rating in a report on Friday, February 2nd.
Opus Bank (OPB) traded up $0.30 during mid-day trading on Tuesday, reaching $28.55. 156,628 shares of the company’s stock traded hands, compared to its average volume of 246,879. 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 52-week low of $18.45 and a 52-week high of $29.90. The company has a market cap of $978.58, a price-to-earnings ratio of 18.30 and a beta of 1.07.
Opus Bank (NASDAQ:OPB) last released its earnings results on Monday, January 22nd. The financial services provider reported $0.26 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.14). Opus Bank had a net margin of 15.45% and a return on equity of 5.98%. The firm had revenue of $64.60 million during the quarter, compared to the consensus estimate of $67.30 million. During the same period in the prior year, the business earned ($0.55) earnings per share. Opus Bank’s quarterly revenue was down 25.8% compared to the same quarter last year. equities research analysts forecast that Opus Bank will post 1.92 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Thursday, February 15th. Investors of record on Thursday, February 1st were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.40%. The ex-dividend date of this dividend was Wednesday, January 31st. Opus Bank’s dividend payout ratio (DPR) is presently 31.75%.
Several institutional investors have recently made changes to their positions in the stock. BlackRock Inc. grew its holdings in shares of Opus Bank by 0.3% during the 4th quarter. BlackRock Inc. now owns 2,427,743 shares of the financial services provider’s stock valued at $66,278,000 after purchasing an additional 8,369 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Opus Bank by 19.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,327,792 shares of the financial services provider’s stock valued at $31,867,000 after purchasing an additional 216,891 shares during the last quarter. Emerald Advisers Inc. PA grew its holdings in shares of Opus Bank by 26.4% during the 4th quarter. Emerald Advisers Inc. PA now owns 812,574 shares of the financial services provider’s stock valued at $22,183,000 after purchasing an additional 169,903 shares during the last quarter. Emerald Mutual Fund Advisers Trust grew its holdings in shares of Opus Bank by 14.6% during the 3rd quarter. Emerald Mutual Fund Advisers Trust now owns 534,380 shares of the financial services provider’s stock valued at $12,825,000 after purchasing an additional 67,947 shares during the last quarter. Finally, Eagle Boston Investment Management Inc. grew its holdings in shares of Opus Bank by 17.1% during the 4th quarter. Eagle Boston Investment Management Inc. now owns 425,636 shares of the financial services provider’s stock valued at $11,619,000 after purchasing an additional 62,055 shares during the last quarter. 99.88% of the stock is currently owned by institutional investors.
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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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