OppFi Inc. (OPFI) To Go Ex-Dividend on April 18th

OppFi Inc. (NYSE:OPFI) declared a dividend on Tuesday, April 9th, NASDAQ reports. Stockholders of record on Friday, April 19th will be given a dividend of 0.12 per share on Wednesday, May 1st. The ex-dividend date of this dividend is Thursday, April 18th.

OppFi Stock Down 5.0 %

OppFi stock opened at $3.04 on Tuesday. The business has a 50 day moving average of $3.02 and a 200-day moving average of $3.28. OppFi has a 1 year low of $1.81 and a 1 year high of $5.34.

OppFi (NYSE:OPFI) last released its quarterly earnings data on Thursday, March 7th. The company reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.03. OppFi had a positive return on equity of 23.92% and a negative net margin of 0.20%. The company had revenue of $132.92 million during the quarter, compared to the consensus estimate of $133.49 million. During the same quarter in the prior year, the firm posted ($0.19) earnings per share. On average, sell-side analysts anticipate that OppFi will post 0.55 EPS for the current year.

Institutional Investors Weigh In On OppFi

Several large investors have recently added to or reduced their stakes in OPFI. Goldman Sachs Group Inc. acquired a new stake in OppFi during the second quarter worth approximately $26,000. JPMorgan Chase & Co. grew its stake in OppFi by 479.7% in the second quarter. JPMorgan Chase & Co. now owns 8,696 shares of the company’s stock valued at $29,000 after acquiring an additional 7,196 shares during the period. Mariner LLC acquired a new stake in OppFi in the fourth quarter valued at approximately $30,000. Virtu Financial LLC acquired a new stake in OppFi in the first quarter valued at approximately $43,000. Finally, Bank of America Corp DE grew its stake in OppFi by 107.7% in the fourth quarter. Bank of America Corp DE now owns 24,502 shares of the company’s stock valued at $50,000 after acquiring an additional 12,705 shares during the period. Institutional investors and hedge funds own 7.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, JMP Securities increased their price objective on shares of OppFi from $3.25 to $5.00 and gave the stock a “market outperform” rating in a research report on Friday, January 12th.

OppFi Company Profile

OppFi Inc operates a cialty finance platform that allows banks to offer credit access. Its platform facilitates the OppLoans, an installment loan product; SalaryTap, a payroll deduction secured installment loan product; and OppFi Card, a credit card product. OppFi Inc was founded in 2012 and is headquartered in Chicago, Illinois.