Keeley Teton Advisors LLC cut its position in Opus Bank (NASDAQ:OPB) by 3.7% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,366,877 shares of the financial services provider’s stock after selling 52,498 shares during the quarter. Opus Bank makes up approximately 1.8% of Keeley Teton Advisors LLC’s investment portfolio, making the stock its 7th largest holding. Keeley Teton Advisors LLC owned about 3.99% of Opus Bank worth $32,805,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in the business. Dimensional Fund Advisors LP increased its holdings in shares of Opus Bank by 19.5% during the third quarter. Dimensional Fund Advisors LP now owns 1,327,792 shares of the financial services provider’s stock valued at $31,867,000 after acquiring an additional 216,891 shares in the last quarter. State Street Corp increased its holdings in shares of Opus Bank by 83.8% during the first quarter. State Street Corp now owns 1,205,354 shares of the financial services provider’s stock valued at $24,289,000 after acquiring an additional 549,567 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Opus Bank by 2.8% during the first quarter. Vanguard Group Inc. now owns 904,898 shares of the financial services provider’s stock valued at $18,233,000 after acquiring an additional 24,348 shares in the last quarter. Royal Bank of Canada increased its holdings in shares of Opus Bank by 0.5% during the second quarter. Royal Bank of Canada now owns 738,732 shares of the financial services provider’s stock valued at $17,877,000 after acquiring an additional 3,554 shares in the last quarter. Finally, Emerald Advisers Inc. PA increased its holdings in shares of Opus Bank by 5.4% during the third quarter. Emerald Advisers Inc. PA now owns 642,671 shares of the financial services provider’s stock valued at $15,424,000 after acquiring an additional 32,939 shares in the last quarter. Institutional investors and hedge funds own 98.45% of the company’s stock.
Opus Bank (NASDAQ:OPB) opened at $27.15 on Wednesday. Opus Bank has a fifty-two week low of $18.45 and a fifty-two week high of $30.60. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.90 and a quick ratio of 0.92. The firm has a market cap of $949.45, a P/E ratio of 36.93 and a beta of 1.15.
Opus Bank (NASDAQ:OPB) last issued its quarterly earnings results on Monday, October 23rd. The financial services provider reported $0.54 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.34 by $0.20. Opus Bank had a net margin of 8.30% and a return on equity of 3.11%. The company had revenue of $68.20 million for the quarter, compared to the consensus estimate of $70.45 million. During the same quarter in the prior year, the company earned ($0.09) EPS. Opus Bank’s quarterly revenue was down 3.7% on a year-over-year basis. analysts expect that Opus Bank will post 1.57 earnings per share for the current year.
OPB has been the topic of several recent analyst reports. Zacks Investment Research upgraded shares of Opus Bank from a “sell” rating to a “hold” rating in a report on Wednesday, August 9th. BidaskClub downgraded shares of Opus Bank from a “sell” rating to a “strong sell” rating in a report on Saturday, August 12th. TheStreet downgraded shares of Opus Bank from a “b-” rating to a “c+” rating in a report on Wednesday, August 23rd. Keefe, Bruyette & Woods restated a “hold” rating and set a $24.00 price objective on shares of Opus Bank in a report on Tuesday, August 29th. Finally, ValuEngine upgraded shares of Opus Bank from a “sell” rating to a “hold” rating in a report on Wednesday, September 27th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $28.50.
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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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