BidaskClub lowered shares of Opus Bank (NASDAQ:OPB) from a hold rating to a sell rating in a report issued on Wednesday, BidAskClub reports.

Several other brokerages have also recently weighed in on OPB. Hovde Group raised shares of Opus Bank from a market perform rating to an outperform rating and increased their price target for the company from $21.50 to $24.00 in a research report on Friday, August 9th. Zacks Investment Research cut shares of Opus Bank from a strong-buy rating to a hold rating in a research report on Wednesday, August 7th. Finally, ValuEngine raised shares of Opus Bank from a sell rating to a hold rating in a research report on Monday, July 29th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus price target of $23.33.

Shares of OPB opened at $20.29 on Wednesday. The stock has a market capitalization of $717.40 million, a P/E ratio of 17.59 and a beta of 1.27. The company has a quick ratio of 0.97, a current ratio of 0.98 and a debt-to-equity ratio of 0.47. The firm has a fifty day simple moving average of $21.09 and a two-hundred day simple moving average of $21.18. Opus Bank has a twelve month low of $17.79 and a twelve month high of $29.50.

Opus Bank (NASDAQ:OPB) last announced its quarterly earnings results on Monday, July 29th. The financial services provider reported $0.35 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.32 by $0.03. The business had revenue of $62.51 million during the quarter, compared to analysts’ expectations of $63.80 million. Opus Bank had a net margin of 7.32% and a return on equity of 4.47%. During the same quarter in the prior year, the company posted $0.40 EPS. Sell-side analysts expect that Opus Bank will post 1.39 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Thursday, August 22nd. Shareholders of record on Thursday, August 8th were given a dividend of $0.11 per share. The ex-dividend date of this dividend was Wednesday, August 7th. This represents a $0.44 annualized dividend and a yield of 2.17%. Opus Bank’s payout ratio is currently 34.38%.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. BlackRock Inc. lifted its position in shares of Opus Bank by 2.3% in the 2nd quarter. BlackRock Inc. now owns 3,339,169 shares of the financial services provider’s stock worth $70,489,000 after purchasing an additional 76,150 shares during the period. Vanguard Group Inc. lifted its position in shares of Opus Bank by 2.7% in the 2nd quarter. Vanguard Group Inc. now owns 1,542,599 shares of the financial services provider’s stock worth $32,564,000 after purchasing an additional 40,238 shares during the period. Castine Capital Management LLC lifted its position in shares of Opus Bank by 111.7% in the 2nd quarter. Castine Capital Management LLC now owns 609,221 shares of the financial services provider’s stock worth $12,861,000 after purchasing an additional 321,445 shares during the period. Royal Bank of Canada lifted its position in shares of Opus Bank by 0.6% in the 2nd quarter. Royal Bank of Canada now owns 522,437 shares of the financial services provider’s stock worth $11,029,000 after purchasing an additional 2,918 shares during the period. Finally, Northern Trust Corp lifted its position in shares of Opus Bank by 3.0% in the 2nd quarter. Northern Trust Corp now owns 262,205 shares of the financial services provider’s stock worth $5,535,000 after purchasing an additional 7,751 shares during the period. 92.68% of the stock is owned by institutional investors and hedge funds.

Opus Bank Company Profile

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.

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