State Street Corp boosted its position in shares of Opus Bank (NASDAQ:OPB) by 83.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,205,354 shares of the financial services provider’s stock after buying an additional 549,567 shares during the period. State Street Corp owned about 3.24% of Opus Bank worth $24,289,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. First Trust Advisors LP raised its stake in Opus Bank by 26.2% in the first quarter. First Trust Advisors LP now owns 113,983 shares of the financial services provider’s stock worth $2,297,000 after buying an additional 23,698 shares in the last quarter. SignalPoint Asset Management LLC raised its stake in Opus Bank by 10.4% in the first quarter. SignalPoint Asset Management LLC now owns 16,984 shares of the financial services provider’s stock worth $342,000 after buying an additional 1,603 shares in the last quarter. LSV Asset Management raised its stake in Opus Bank by 101.5% in the first quarter. LSV Asset Management now owns 518,100 shares of the financial services provider’s stock worth $10,439,000 after buying an additional 261,027 shares in the last quarter. Wells Fargo & Company MN raised its stake in Opus Bank by 0.7% in the first quarter. Wells Fargo & Company MN now owns 102,544 shares of the financial services provider’s stock worth $2,067,000 after buying an additional 711 shares in the last quarter. Finally, Hennessy Advisors Inc. raised its stake in Opus Bank by 380.0% in the first quarter. Hennessy Advisors Inc. now owns 360,000 shares of the financial services provider’s stock worth $7,254,000 after buying an additional 285,000 shares in the last quarter. Institutional investors and hedge funds own 91.73% of the company’s stock.

Shares of Opus Bank (NASDAQ:OPB) traded up 0.42% on Tuesday, reaching $23.90. 23,676 shares of the company were exchanged. The stock has a market capitalization of $893.41 million, a P/E ratio of 239.00 and a beta of 1.07. The stock has a 50 day moving average price of $23.72 and a 200-day moving average price of $22.22. Opus Bank has a 12 month low of $18.20 and a 12 month high of $35.90.

Opus Bank (NASDAQ:OPB) last announced its earnings results on Monday, July 24th. The financial services provider reported $0.51 EPS for the quarter, topping the consensus estimate of $0.29 by $0.22. The firm had revenue of $79.83 million for the quarter, compared to the consensus estimate of $71.47 million. Opus Bank had a net margin of 1.15% and a return on equity of 2.76%. Opus Bank’s revenue for the quarter was down 49.3% compared to the same quarter last year. On average, equities analysts expect that Opus Bank will post $1.41 EPS for the current fiscal year.

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A number of equities research analysts have recently issued reports on the stock. ValuEngine upgraded shares of Opus Bank from a “sell” rating to a “hold” rating in a report on Tuesday, July 25th. TheStreet upgraded shares of Opus Bank from a “d+” rating to a “c” rating in a report on Monday, April 24th. BidaskClub lowered shares of Opus Bank from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th. Piper Jaffray Companies restated a “buy” rating and set a $27.00 price target on shares of Opus Bank in a report on Wednesday, July 12th. Finally, Zacks Investment Research lowered shares of Opus Bank from a “hold” rating to a “sell” rating in a report on Saturday, July 8th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $27.67.

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.

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

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