125,000 Shares in Opus Bank (OPB) Acquired by BlueCrest Capital Management Ltd
BlueCrest Capital Management Ltd purchased a new stake in shares of Opus Bank (NASDAQ:OPB) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 125,000 shares of the financial services provider’s stock, valued at approximately $3,025,000. BlueCrest Capital Management Ltd owned 0.33% of Opus Bank as of its most recent filing with the SEC.
A number of other large investors also recently added to or reduced their stakes in the stock. State of Tennessee Treasury Department grew its position in Opus Bank by 17.8% in the 1st quarter. State of Tennessee Treasury Department now owns 17,703 shares of the financial services provider’s stock valued at $357,000 after acquiring an additional 2,672 shares during the last quarter. JPMorgan Chase & Co. bought a new position in Opus Bank in the 1st quarter valued at $334,000. RMB Capital Management LLC grew its position in Opus Bank by 98.9% in the 1st quarter. RMB Capital Management LLC now owns 543,671 shares of the financial services provider’s stock valued at $10,955,000 after acquiring an additional 270,270 shares during the last quarter. Great Lakes Advisors LLC bought a new position in Opus Bank in the 2nd quarter valued at $1,864,000. Finally, Symons Capital Management Inc. bought a new position in Opus Bank in the 2nd quarter valued at $555,000.
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Several brokerages have commented on OPB. ValuEngine raised Opus Bank from a “sell” rating to a “hold” rating in a research report on Tuesday, July 25th. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $27.00 price objective on shares of Opus Bank in a research report on Friday. BidaskClub downgraded Opus Bank from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th. Zacks Investment Research downgraded Opus Bank from a “hold” rating to a “sell” rating in a research report on Saturday, July 8th. Finally, TheStreet raised Opus Bank from a “c” rating to a “b-” rating in a research report on Thursday, July 13th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the stock. Opus Bank presently has an average rating of “Hold” and a consensus price target of $27.33.
Opus Bank (OPB) traded up 0.62% during trading on Tuesday, hitting $24.30. The stock had a trading volume of 4,485 shares. Opus Bank has a one year low of $18.20 and a one year high of $35.50. The firm has a 50 day moving average of $22.87 and a 200-day moving average of $22.53. The company has a market cap of $908.55 million, a P/E ratio of 227.10 and a beta of 1.09.
Opus Bank (NASDAQ:OPB) last posted its quarterly earnings data on Monday, July 24th. The financial services provider reported $0.51 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 return on equity of 2.76% and a net margin of 1.15%. The business’s quarterly revenue was down 49.3% compared to the same quarter last year. Equities analysts anticipate that Opus Bank will post $1.42 earnings per share for the current fiscal year.
Opus Bank 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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