TD Asset Management Inc. decreased its stake in Opus Bank (NASDAQ:OPB) by 0.8% during the second quarter, Holdings Channel reports. The firm owned 5,951 shares of the company’s stock after selling 50 shares during the period. TD Asset Management Inc.’s holdings in Opus Bank were worth $201,000 as of its most recent filing with the SEC.

Other hedge funds also recently added to or reduced their stakes in the company. TIAA CREF Investment Management LLC increased its stake in shares of Opus Bank by 40.0% in the first quarter. TIAA CREF Investment Management LLC now owns 192,678 shares of the company’s stock valued at $6,551,000 after buying an additional 55,089 shares during the last quarter. RMB Capital Management LLC increased its stake in shares of Opus Bank by 4.5% in the first quarter. RMB Capital Management LLC now owns 138,010 shares of the company’s stock worth $4,692,000 after buying an additional 6,000 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of Opus Bank by 5.5% in the first quarter. JPMorgan Chase & Co. now owns 23,476 shares of the company’s stock worth $798,000 after buying an additional 1,229 shares in the last quarter. State Street Corp increased its stake in shares of Opus Bank by 13.5% in the first quarter. State Street Corp now owns 301,071 shares of the company’s stock worth $10,233,000 after buying an additional 35,774 shares in the last quarter. Finally, UBS Asset Management Americas Inc. increased its stake in shares of Opus Bank by 65.6% in the first quarter. UBS Asset Management Americas Inc. now owns 9,592 shares of the company’s stock worth $326,000 after buying an additional 3,800 shares in the last quarter. Institutional investors own 93.91% of the company’s stock.

Shares of Opus Bank (NASDAQ:OPB) traded up 1.34% during trading on Tuesday, hitting $34.70. The stock had a trading volume of 95,261 shares. Opus Bank has a 12-month low of $28.84 and a 12-month high of $41.49. The stock has a market capitalization of $1.19 billion, a P/E ratio of 18.29 and a beta of 0.51. The stock’s 50-day moving average is $33.85 and its 200-day moving average is $34.72.

Opus Bank (NASDAQ:OPB) last released its earnings results on Monday, July 25th. The company reported $0.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.64 by $0.18. Opus Bank had a net margin of 22.45% and a return on equity of 7.45%. Analysts predict that Opus Bank will post $2.29 EPS for the current fiscal year.

OPB has been the subject of a number of research reports. JMP Securities initiated coverage on Opus Bank in a research report on Friday. They issued a “market perform” rating for the company. Hovde Group initiated coverage on Opus Bank in a research report on Friday, June 3rd. They issued an “outperform” rating and a $44.00 price objective for the company. Credit Suisse Group AG initiated coverage on Opus Bank in a research report on Wednesday, June 29th. They issued an “outperform” rating and a $44.00 price objective for the company. JPMorgan Chase & Co. reiterated a “buy” rating on shares of Opus Bank in a research report on Sunday, July 10th. Finally, TheStreet upgraded Opus Bank from a “hold” rating to a “buy” rating in a research report on Friday, July 15th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the stock. Opus Bank presently has an average rating of “Buy” and a consensus target price of $41.80.

Opus Bank Company Profile

Opus Bank is a California-chartered commercial bank. The Company provides relationship-based banking products, services and solutions to small and mid-sized companies, entrepreneurs, real estate investors, professionals and individuals. It is organized into four lines of business: commercial banking operations, which is referred to as Commercial Bank; retail banking operations, which is referred to as Retail Bank; merchant banking operations, which is referred to as Merchant Bank and correspondent banking operations, which is referred to as Correspondent Bank.

5 Day Chart for NASDAQ:OPB

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