BidaskClub Upgrades Opus Bank (OPB) to “Hold”
Opus Bank (NASDAQ:OPB) was upgraded by equities researchers at BidaskClub from a “sell” rating to a “hold” rating in a research note issued to investors on Thursday.
OPB has been the topic of a number of other research reports. ValuEngine cut shares of Opus Bank from a “buy” rating to a “hold” rating in a research report on Tuesday, October 2nd. Zacks Investment Research upgraded shares of Opus Bank from a “sell” rating to a “hold” rating in a research report on Thursday, July 26th. Finally, FIG Partners cut shares of Opus Bank from an “outperform” rating to a “market-perform” rating in a research report on Monday, July 23rd. Six research analysts have rated the stock with a hold rating, The stock has an average rating of “Hold” and a consensus price target of $30.80.
NASDAQ OPB opened at $25.61 on Thursday. Opus Bank has a 52-week low of $23.80 and a 52-week high of $30.95. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.13. The firm has a market cap of $939.16 million, a PE ratio of 17.19 and a beta of 0.92.
A number of large investors have recently modified their holdings of the stock. Lawson Kroeker Investment Management Inc. NE raised its position in Opus Bank by 7.0% in the 3rd quarter. Lawson Kroeker Investment Management Inc. NE now owns 172,205 shares of the financial services provider’s stock worth $4,718,000 after purchasing an additional 11,230 shares during the period. United Services Automobile Association purchased a new position in shares of Opus Bank in the second quarter valued at about $227,000. Northern Trust Corp increased its position in shares of Opus Bank by 2.2% in the second 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 during the period. Capital Fund Management S.A. purchased a new position in shares of Opus Bank in the second quarter valued at about $362,000. Finally, Laurion Capital Management LP purchased a new position in shares of Opus Bank in the second quarter valued at about $416,000. Institutional investors own 98.04% of the company’s stock.
Opus Bank Company Profile
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.
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