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

A number of other brokerages have also weighed in on OPB. ValuEngine raised shares of Opus Bank from a sell rating to a hold rating in a report on Wednesday, May 1st. Zacks Investment Research lowered shares of Opus Bank from a hold rating to a sell rating in a report on Wednesday, May 1st. One research analyst has rated the stock with a sell rating and three have issued a hold rating to the stock. The stock has a consensus rating of Hold and an average price target of $20.00.

Shares of Opus Bank stock opened at $20.69 on Tuesday. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.96 and a quick ratio of 0.96. The company has a market capitalization of $709.25 million, a P/E ratio of 16.16 and a beta of 1.26. Opus Bank has a fifty-two week low of $17.79 and a fifty-two week high of $30.70.

Opus Bank (NASDAQ:OPB) last issued its quarterly earnings results on Monday, April 29th. The financial services provider reported $0.28 earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.01). The company had revenue of $61.90 million during the quarter, compared to analyst estimates of $62.55 million. Opus Bank had a net margin of 9.89% and a return on equity of 4.71%. During the same period in the prior year, the business earned $0.34 EPS. Equities analysts predict that Opus Bank will post 1.34 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 23rd. Shareholders of record on Thursday, May 9th were issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 2.13%. The ex-dividend date was Wednesday, May 8th. Opus Bank’s dividend payout ratio is presently 34.38%.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Marshall Wace LLP acquired a new stake in Opus Bank during the 1st quarter worth $405,000. Hotchkis & Wiley Capital Management LLC acquired a new stake in Opus Bank during the 1st quarter worth $2,532,000. Premia Global Advisors LLC acquired a new stake in Opus Bank during the 1st quarter worth $25,000. SEI Investments Co grew its holdings in Opus Bank by 27.8% during the 1st quarter. SEI Investments Co now owns 262,720 shares of the financial services provider’s stock worth $5,202,000 after acquiring an additional 57,091 shares during the period. Finally, Goldman Sachs Group Inc. grew its holdings in Opus Bank by 20.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 195,281 shares of the financial services provider’s stock worth $3,867,000 after acquiring an additional 32,566 shares during the period. 97.02% of the stock is owned by hedge funds and other institutional investors.

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.

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