Opus Bank (OPB) Shares Bought by JPMorgan Chase & Co.

JPMorgan Chase & Co. raised its holdings in Opus Bank (NASDAQ:OPB) by 416.9% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 44,455 shares of the financial services provider’s stock after purchasing an additional 35,855 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.13% of Opus Bank worth $1,067,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of OPB. New York State Common Retirement Fund raised its position in shares of Opus Bank by 1.1% during the second quarter. New York State Common Retirement Fund now owns 22,200 shares of the financial services provider’s stock worth $537,000 after acquiring an additional 252 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of Opus Bank by 0.5% during the second quarter. Bank of New York Mellon Corp now owns 217,983 shares of the financial services provider’s stock worth $5,275,000 after acquiring an additional 1,070 shares during the last quarter. The Manufacturers Life Insurance Company raised its position in shares of Opus Bank by 15.9% during the second quarter. The Manufacturers Life Insurance Company now owns 15,746 shares of the financial services provider’s stock worth $381,000 after acquiring an additional 2,160 shares during the last quarter. BNP Paribas Arbitrage SA raised its position in shares of Opus Bank by 66.9% during the second quarter. BNP Paribas Arbitrage SA now owns 5,508 shares of the financial services provider’s stock worth $133,000 after acquiring an additional 2,208 shares during the last quarter. Finally, Municipal Employees Retirement System of Michigan raised its position in shares of Opus Bank by 59.0% during the third quarter. Municipal Employees Retirement System of Michigan now owns 6,820 shares of the financial services provider’s stock worth $164,000 after acquiring an additional 2,530 shares during the last quarter. Hedge funds and other institutional investors own 98.45% of the company’s stock.

A number of equities research analysts have recently weighed in on the company. Zacks Investment Research upgraded Opus Bank from a “hold” rating to a “buy” rating and set a $31.00 target price for the company in a research report on Wednesday. Piper Jaffray Companies restated a “buy” rating and set a $30.00 target price on shares of Opus Bank in a research report on Tuesday. BidaskClub downgraded Opus Bank from a “hold” rating to a “sell” rating in a research report on Friday, December 29th. FIG Partners assumed coverage on Opus Bank in a research report on Thursday, November 9th. They set an “outperform” rating and a $32.00 target price for the company. Finally, TheStreet upgraded Opus Bank from a “c+” rating to a “b-” rating in a research report on Wednesday, October 25th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $29.60.

Shares of Opus Bank (NASDAQ OPB) opened at $29.20 on Friday. The company has a market capitalization of $926.38, a PE ratio of 42.32 and a beta of 1.15. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.14. Opus Bank has a fifty-two week low of $18.45 and a fifty-two week high of $29.35.

Opus Bank (NASDAQ:OPB) last released its quarterly earnings data on Monday, October 23rd. The financial services provider reported $0.54 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.20. The business had revenue of $68.20 million during the quarter, compared to the consensus estimate of $70.45 million. Opus Bank had a return on equity of 3.11% and a net margin of 8.30%. The firm’s revenue was down 3.7% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.09) earnings per share. equities analysts expect that Opus Bank will post 1.57 EPS for the current fiscal year.

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Opus Bank Company Profile

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.

Institutional Ownership by Quarter for Opus Bank (NASDAQ:OPB)

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