Keeley Teton Advisors LLC trimmed its holdings in shares of Opus Bank (NASDAQ:OPB) by 3.7% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,366,877 shares of the financial services provider’s stock after selling 52,498 shares during the quarter. Opus Bank accounts for about 1.8% of Keeley Teton Advisors LLC’s investment portfolio, making the stock its 7th biggest position. Keeley Teton Advisors LLC owned approximately 3.99% of Opus Bank worth $32,805,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also made changes to their positions in OPB. UBS Group AG increased its holdings in Opus Bank by 23.4% in the first quarter. UBS Group AG now owns 4,969 shares of the financial services provider’s stock valued at $100,000 after buying an additional 941 shares during the last quarter. BNP Paribas Arbitrage SA increased its holdings in 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 valued at $133,000 after buying an additional 2,208 shares during the last quarter. Municipal Employees Retirement System of Michigan increased its holdings in 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 valued at $164,000 after buying an additional 2,530 shares during the last quarter. Voya Investment Management LLC bought a new stake in Opus Bank in the second quarter valued at about $209,000. Finally, Bbva Compass Bancshares Inc. bought a new stake in Opus Bank in the third quarter valued at about $220,000. 98.45% of the stock is currently owned by institutional investors and hedge funds.
A number of equities analysts have commented on the company. TheStreet upgraded Opus Bank from a “c+” rating to a “b-” rating in a research note on Wednesday, October 25th. ValuEngine upgraded Opus Bank from a “sell” rating to a “hold” rating in a research note on Wednesday, September 27th. BidaskClub upgraded Opus Bank from a “strong sell” rating to a “sell” rating in a research note on Thursday, October 26th. Piper Jaffray Companies restated a “buy” rating and issued a $27.00 target price on shares of Opus Bank in a research note on Friday, October 6th. Finally, FIG Partners started coverage on Opus Bank in a research report on Thursday, November 9th. They set an “outperform” rating and a $32.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $28.50.
Opus Bank (NASDAQ OPB) opened at $26.80 on Friday. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.14. The stock has a market capitalization of $939.16, a P/E ratio of 36.53 and a beta of 1.15. Opus Bank has a 52-week low of $18.45 and a 52-week high of $30.60.
Opus Bank (NASDAQ:OPB) last announced its earnings results on Monday, October 23rd. The financial services provider reported $0.54 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.34 by $0.20. Opus Bank had a return on equity of 3.11% and a net margin of 8.30%. The firm had revenue of $68.20 million for the quarter, compared to analysts’ expectations of $70.45 million. During the same quarter in the previous year, the company earned ($0.09) earnings per share. The firm’s quarterly revenue was down 3.7% compared to the same quarter last year. research analysts anticipate that Opus Bank will post 1.57 EPS for the current year.
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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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