RMB Capital Management LLC decreased its holdings in shares of Opus Bank (NASDAQ:OPB) by 9.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 533,850 shares of the financial services provider’s stock after selling 54,000 shares during the period. RMB Capital Management LLC owned about 1.56% of Opus Bank worth $14,948,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in OPB. Bank of Montreal Can raised its stake in Opus Bank by 21.1% in the 4th quarter. Bank of Montreal Can now owns 10,102 shares of the financial services provider’s stock valued at $276,000 after purchasing an additional 1,762 shares during the last quarter. Principal Financial Group Inc. raised its stake in Opus Bank by 2.5% in the 1st quarter. Principal Financial Group Inc. now owns 132,134 shares of the financial services provider’s stock valued at $3,700,000 after purchasing an additional 3,169 shares during the last quarter. Geode Capital Management LLC raised its stake in Opus Bank by 1.8% in the 4th quarter. Geode Capital Management LLC now owns 177,399 shares of the financial services provider’s stock valued at $4,842,000 after purchasing an additional 3,205 shares during the last quarter. Prudential Financial Inc. raised its stake in Opus Bank by 8.1% in the 1st quarter. Prudential Financial Inc. now owns 43,231 shares of the financial services provider’s stock valued at $1,211,000 after purchasing an additional 3,225 shares during the last quarter. Finally, Citigroup Inc. raised its stake in Opus Bank by 51.8% in the 1st quarter. Citigroup Inc. now owns 11,886 shares of the financial services provider’s stock valued at $333,000 after purchasing an additional 4,056 shares during the last quarter. Hedge funds and other institutional investors own 98.07% of the company’s stock.

Shares of OPB opened at $29.95 on Thursday. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.91 and a quick ratio of 0.91. The firm has a market capitalization of $1.02 billion, a price-to-earnings ratio of 20.10 and a beta of 0.95. Opus Bank has a 52-week low of $21.06 and a 52-week high of $30.95.

Opus Bank (NASDAQ:OPB) last posted its quarterly earnings data on Monday, April 23rd. The financial services provider reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.09). The business had revenue of $65.00 million during the quarter, compared to the consensus estimate of $68.50 million. Opus Bank had a return on equity of 6.36% and a net margin of 17.37%. During the same quarter in the previous year, the firm posted $0.24 earnings per share. sell-side analysts forecast that Opus Bank will post 1.58 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 17th. Stockholders of record on Thursday, May 3rd were paid a $0.11 dividend. The ex-dividend date of this dividend was Wednesday, May 2nd. This is a positive change from Opus Bank’s previous quarterly dividend of $0.10. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.47%. Opus Bank’s payout ratio is presently 29.53%.

Several research analysts recently commented on the company. BidaskClub raised Opus Bank from a “hold” rating to a “buy” rating in a research note on Tuesday, March 20th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $31.00 target price on shares of Opus Bank in a research note on Tuesday, February 27th. Zacks Investment Research downgraded Opus Bank from a “buy” rating to a “sell” rating in a research note on Wednesday, February 28th. Finally, Hovde Group set a $30.00 target price on Opus Bank and gave the stock a “hold” rating in a research note on Friday, April 6th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $30.80.

Opus Bank Company Profile

Opus Bank provides various banking products, services, and solutions for small to mid-sized companies, entrepreneurs, real estate investors, professionals, and high net worth individuals. It offers demand deposits, checking accounts, money market accounts, savings accounts, and certificates of deposit.

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

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