Strs Ohio lessened its holdings in shares of Opus Bank (NASDAQ:OPB) by 13.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 27,200 shares of the financial services provider’s stock after selling 4,400 shares during the quarter. Strs Ohio’s holdings in Opus Bank were worth $742,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also made changes to their positions in OPB. Bank of Montreal Can grew its stake in Opus Bank by 21.1% in the fourth quarter. Bank of Montreal Can now owns 10,102 shares of the financial services provider’s stock worth $276,000 after purchasing an additional 1,762 shares during the period. Convergence Investment Partners LLC purchased a new stake in Opus Bank in the fourth quarter worth $1,192,000. Louisiana State Employees Retirement System purchased a new stake in Opus Bank in the fourth quarter worth $202,000. California Public Employees Retirement System grew its stake in Opus Bank by 28.6% in the third quarter. California Public Employees Retirement System now owns 32,022 shares of the financial services provider’s stock worth $769,000 after purchasing an additional 7,122 shares during the period. Finally, Continental Advisors LLC grew its stake in Opus Bank by 70.7% in the third quarter. Continental Advisors LLC now owns 184,641 shares of the financial services provider’s stock worth $4,431,000 after purchasing an additional 76,451 shares during the period. Institutional investors own 98.51% of the company’s stock.

Several equities research analysts recently weighed in on the company. ValuEngine raised Opus Bank from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. BidaskClub raised Opus Bank from a “sell” rating to a “hold” rating in a research note on Monday. Zacks Investment Research raised Opus Bank from a “hold” rating to a “buy” rating and set a $31.00 price target on the stock in a research note on Wednesday, January 10th. Piper Jaffray Companies cut Opus Bank from an “overweight” rating to a “neutral” rating in a research note on Tuesday, January 23rd. Finally, FIG Partners initiated coverage on Opus Bank in a research note on Thursday, November 9th. They issued an “outperform” rating and a $32.00 target price on the stock. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $29.25.

Shares of Opus Bank (NASDAQ OPB) opened at $26.70 on Friday. Opus Bank has a 12 month low of $18.45 and a 12 month high of $29.90. The company has a market capitalization of $934.02, a price-to-earnings ratio of 17.47 and a beta of 1.07. The company has a quick ratio of 0.90, a current ratio of 0.94 and a debt-to-equity ratio of 0.43.

Opus Bank (NASDAQ:OPB) last released its earnings results on Monday, January 22nd. The financial services provider reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.14). Opus Bank had a return on equity of 5.98% and a net margin of 15.45%. The company had revenue of $64.60 million during the quarter, compared to analysts’ expectations of $67.30 million. During the same period in the prior year, the company posted ($0.55) earnings per share. The company’s revenue was down 25.8% on a year-over-year basis. equities research analysts anticipate that Opus Bank will post 1.92 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Thursday, February 1st will be paid a $0.10 dividend. The ex-dividend date is Wednesday, January 31st. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.50%. Opus Bank’s dividend payout ratio is currently 31.75%.

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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.

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

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