Other analysts also recently issued research reports about the stock. BidaskClub raised shares of Opus Bank from a “hold” rating to a “buy” rating in a report on Friday, March 1st. Zacks Investment Research raised shares of Opus Bank from a “sell” rating to a “hold” rating in a report on Wednesday, April 3rd. One analyst has rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $20.00.
Shares of OPB traded up $0.36 during midday trading on Wednesday, reaching $22.19. The stock had a trading volume of 2,777 shares, compared to its average volume of 141,362. Opus Bank has a one year low of $17.79 and a one year high of $30.70. The company has a market cap of $749.62 million, a PE ratio of 17.20 and a beta of 1.28. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.96 and a quick ratio of 0.90.
Several hedge funds have recently made changes to their positions in OPB. Versant Capital Management Inc boosted its holdings in shares of Opus Bank by 163.1% during the 1st quarter. Versant Capital Management Inc now owns 1,334 shares of the financial services provider’s stock worth $26,000 after buying an additional 827 shares during the period. BNP Paribas Arbitrage SA boosted its holdings in shares of Opus Bank by 11,397.2% during the 1st quarter. BNP Paribas Arbitrage SA now owns 4,139 shares of the financial services provider’s stock worth $82,000 after buying an additional 4,103 shares during the period. State of Alaska Department of Revenue boosted its holdings in shares of Opus Bank by 13.1% during the 4th quarter. State of Alaska Department of Revenue now owns 7,204 shares of the financial services provider’s stock worth $141,000 after buying an additional 835 shares during the period. Oregon Public Employees Retirement Fund bought a new stake in shares of Opus Bank during the 4th quarter worth about $161,000. Finally, Municipal Employees Retirement System of Michigan bought a new stake in shares of Opus Bank during the 4th quarter worth about $188,000. 96.48% of the stock is owned by institutional investors and hedge funds.
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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