BidaskClub cut shares of Opus Bank (NASDAQ:OPB) from a hold rating to a sell rating in a research note released on Friday.
Several other equities research analysts have also recently weighed in on OPB. ValuEngine upgraded shares of Opus Bank from a sell rating to a hold rating in a research report on Wednesday, September 27th. Piper Jaffray Companies restated a buy rating and issued a $27.00 price target on shares of Opus Bank in a research report on Friday, October 6th. TheStreet upgraded shares of Opus Bank from a c+ rating to a b- rating in a research report on Wednesday, October 25th. Finally, FIG Partners began coverage on shares of Opus Bank in a research report on Thursday, November 9th. They set an outperform rating and a $32.00 price objective on the stock. One research analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company. The stock has a consensus rating of Hold and an average price target of $28.50.
Shares of Opus Bank (OPB) opened at $27.30 on Friday. Opus Bank has a 1 year low of $18.45 and a 1 year high of $30.60. The firm has a market cap of $935.73, a price-to-earnings ratio of 40.15 and a beta of 1.15. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.90 and a quick ratio of 0.90.
A number of hedge funds have recently bought and sold shares of the business. BNP Paribas Arbitrage SA grew its holdings in shares of Opus Bank by 66.9% in the second quarter. BNP Paribas Arbitrage SA now owns 5,508 shares of the financial services provider’s stock worth $133,000 after purchasing an additional 2,208 shares during the last quarter. Municipal Employees Retirement System of Michigan grew its holdings in shares of Opus Bank by 59.0% in the third 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. Voya Investment Management LLC bought a new position in shares of Opus Bank in the second quarter worth about $209,000. Bbva Compass Bancshares Inc. bought a new position in shares of Opus Bank in the third quarter worth about $220,000. Finally, Arizona State Retirement System bought a new position in shares of Opus Bank in the second quarter worth about $230,000. Institutional investors and hedge funds own 98.45% of the company’s stock.
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About Opus Bank
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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