Legal & General Group Plc boosted its position in Opus Bank (NASDAQ:OPB) by 13.8% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 33,583 shares of the financial services provider’s stock after purchasing an additional 4,061 shares during the quarter. Legal & General Group Plc owned about 0.09% of Opus Bank worth $812,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Bank of New York Mellon Corp boosted its position in Opus Bank by 0.5% during the second quarter. Bank of New York Mellon Corp now owns 217,983 shares of the financial services provider’s stock worth $5,275,000 after acquiring an additional 1,070 shares during the last quarter. Alpine Woods Capital Investors LLC grew its stake in Opus Bank by 15.0% during the 2nd quarter. Alpine Woods Capital Investors LLC now owns 11,500 shares of the financial services provider’s stock valued at $278,000 after acquiring an additional 1,500 shares in the last quarter. Arizona State Retirement System purchased a new stake in Opus Bank during the 2nd quarter valued at about $230,000. Foundry Partners LLC raised its holdings in Opus Bank by 22.3% in the 2nd quarter. Foundry Partners LLC now owns 227,270 shares of the financial services provider’s stock valued at $5,500,000 after acquiring an additional 41,370 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. raised its holdings in Opus Bank by 15.5% in the 2nd 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. 91.73% of the stock is owned by hedge funds and other institutional investors.

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Shares of Opus Bank (NASDAQ:OPB) opened at 24.25 on Tuesday. The firm has a market capitalization of $906.68 million, a PE ratio of 226.64 and a beta of 1.09. Opus Bank has a 52-week low of $18.20 and a 52-week high of $35.56. The company’s 50-day moving average is $22.67 and its 200 day moving average is $22.34.

Opus Bank (NASDAQ:OPB) last released its quarterly earnings results on Monday, July 24th. The financial services provider reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.22. Opus Bank had a return on equity of 2.76% and a net margin of 1.15%. The company had revenue of $79.83 million during the quarter, compared to the consensus estimate of $71.47 million. The business’s revenue was down 49.3% compared to the same quarter last year. Equities analysts expect that Opus Bank will post $1.42 earnings per share for the current fiscal year.

A number of research analysts have weighed in on OPB shares. Zacks Investment Research raised shares of Opus Bank from a “sell” rating to a “hold” rating in a research note on Wednesday, August 9th. ValuEngine upgraded Opus Bank from a “sell” rating to a “hold” rating in a research report on Wednesday, September 27th. TheStreet lowered Opus Bank from a “b-” rating to a “c+” rating in a research report on Wednesday, August 23rd. BidaskClub cut Opus Bank from a “sell” rating to a “strong sell” rating in a report on Saturday, August 12th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $24.00 price target on shares of Opus Bank in a report on Tuesday, August 29th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company’s stock. Opus Bank currently has a consensus rating of “Hold” and a consensus target price of $27.33.

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.

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

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