Opus Bank (OPB) Rating Lowered to C at TheStreet

TheStreet cut shares of Opus Bank (NASDAQ:OPB) from a b- rating to a c rating in a report published on Monday morning.

Other equities analysts have also recently issued reports about the company. Zacks Investment Research cut Opus Bank from a hold rating to a strong sell rating in a research note on Friday, October 26th. BidaskClub cut Opus Bank from a hold rating to a sell rating in a research note on Wednesday, October 24th. Sandler O’Neill set a $20.00 target price on Opus Bank and gave the company a hold rating in a research note on Tuesday, October 23rd. Finally, ValuEngine cut Opus Bank from a hold rating to a sell rating in a research note on Monday, October 22nd. Three equities research analysts have rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. The company has a consensus rating of Hold and an average target price of $29.00.

Shares of Opus Bank stock opened at $19.18 on Monday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.92 and a current ratio of 0.92. The company has a market capitalization of $651.59 million, a price-to-earnings ratio of 12.87 and a beta of 0.92. Opus Bank has a one year low of $18.49 and a one year high of $30.95.



Opus Bank (NASDAQ:OPB) last announced its quarterly earnings results on Monday, October 22nd. The financial services provider reported $0.25 EPS for the quarter, missing the Zacks’ consensus estimate of $0.36 by ($0.11). The company had revenue of $60.34 million during the quarter, compared to analysts’ expectations of $67.23 million. Opus Bank had a return on equity of 4.80% and a net margin of 13.28%. During the same period last year, the firm earned $0.54 earnings per share. As a group, equities analysts expect that Opus Bank will post 1.26 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 15th. Stockholders of record on Thursday, November 1st will be paid a dividend of $0.11 per share. The ex-dividend date is Wednesday, October 31st. This represents a $0.44 annualized dividend and a dividend yield of 2.29%. Opus Bank’s dividend payout ratio (DPR) is presently 29.53%.

Hedge funds have recently modified their holdings of the stock. Piedmont Investment Advisors LLC purchased a new stake in Opus Bank in the second quarter worth $117,000. UBS Group AG grew its stake in Opus Bank by 186.0% in the first quarter. UBS Group AG now owns 5,832 shares of the financial services provider’s stock worth $163,000 after purchasing an additional 3,793 shares during the period. Teton Advisors Inc. purchased a new stake in Opus Bank in the second quarter worth $215,000. FDx Advisors Inc. purchased a new stake in Opus Bank in the second quarter worth $222,000. Finally, United Services Automobile Association purchased a new stake in Opus Bank in the second quarter worth $227,000. 97.64% of the stock is currently owned by institutional investors.

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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