Ameriprise Financial Inc. decreased its position in Opus Bank (NASDAQ:OPB) by 0.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 804,216 shares of the financial services provider’s stock after selling 2,514 shares during the quarter. Ameriprise Financial Inc. owned 2.35% of Opus Bank worth $19,301,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Schwab Charles Investment Management Inc. increased its position in shares of Opus Bank by 15.5% in the second quarter. Schwab Charles Investment Management Inc. now owns 72,500 shares of the financial services provider’s stock valued at $1,755,000 after acquiring an additional 9,718 shares during the last quarter. Stevens Capital Management LP acquired a new stake in shares of Opus Bank in the third quarter valued at about $585,000. BlueCrest Capital Management Ltd acquired a new stake in shares of Opus Bank in the second quarter valued at about $3,025,000. Great Lakes Advisors LLC acquired a new stake in shares of Opus Bank in the second quarter valued at about $1,864,000. Finally, Fox Run Management L.L.C. acquired a new stake in shares of Opus Bank in the third quarter valued at about $593,000. 98.45% of the stock is currently owned by hedge funds and other institutional investors.

Opus Bank (NASDAQ:OPB) opened at $27.10 on Monday. Opus Bank has a 1-year low of $18.45 and a 1-year high of $30.60. 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 company has a market capitalization of $928.88, a PE ratio of 36.13 and a beta of 1.15.

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

A number of analysts recently issued reports on the company. ValuEngine raised Opus Bank from a “sell” rating to a “hold” rating in a research report on Wednesday, September 27th. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $27.00 target price on shares of Opus Bank in a research report on Friday, October 6th. FIG Partners assumed coverage on Opus Bank in a research report on Thursday, November 9th. They issued an “outperform” rating and a $32.00 target price on the stock. TheStreet downgraded Opus Bank from a “b-” rating to a “c+” rating in a research report on Wednesday, August 23rd. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $24.00 target price on shares of Opus Bank in a research report on Tuesday, August 29th. One 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. The company has an average rating of “Hold” and an average price target of $28.50.

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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.

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

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