Dimensional Fund Advisors LP boosted its holdings in shares of Opus Bank (NASDAQ:OPB) by 40.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,110,901 shares of the financial services provider’s stock after buying an additional 321,314 shares during the quarter. Dimensional Fund Advisors LP owned approximately 2.97% of Opus Bank worth $26,884,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in OPB. State Street Corp grew its position in shares of Opus Bank by 83.8% in the first quarter. State Street Corp now owns 1,205,354 shares of the financial services provider’s stock valued at $24,289,000 after purchasing an additional 549,567 shares during the last quarter. Great Lakes Advisors LLC acquired a new position in shares of Opus Bank in the second quarter valued at approximately $1,864,000. Context BH Capital Management LP grew its position in shares of Opus Bank by 95.2% in the second quarter. Context BH Capital Management LP now owns 85,186 shares of the financial services provider’s stock valued at $2,062,000 after purchasing an additional 41,535 shares during the last quarter. Foundry Partners LLC grew its position in shares of Opus Bank by 22.3% in the second quarter. Foundry Partners LLC now owns 227,270 shares of the financial services provider’s stock valued at $5,500,000 after purchasing an additional 41,370 shares during the last quarter. Finally, Northern Trust Corp grew its position in shares of Opus Bank by 16.2% in the second quarter. Northern Trust Corp now owns 258,092 shares of the financial services provider’s stock valued at $6,247,000 after purchasing an additional 36,004 shares during the last quarter.

Several equities analysts have recently commented on the company. Zacks Investment Research raised Opus Bank from a “sell” rating to a “hold” rating in a research report on Wednesday, August 9th. TheStreet raised Opus Bank from a “c+” rating to a “b-” rating in a research report on Wednesday, October 25th. BidaskClub raised Opus Bank from a “strong sell” rating to a “sell” rating in a research report on Thursday, October 26th. ValuEngine raised Opus Bank from a “sell” rating to a “hold” rating in a research report on Wednesday, September 27th. Finally, Piper Jaffray Companies reissued a “buy” rating and set a $27.00 price target on shares of Opus Bank in a research report on Friday, October 6th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company. Opus Bank presently has a consensus rating of “Hold” and an average target price of $27.33.

Shares of Opus Bank (NASDAQ:OPB) opened at $25.90 on Friday. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.90 and a quick ratio of 0.92. The stock has a market capitalization of $894.60 million, a PE ratio of 34.80 and a beta of 1.12.

Opus Bank (NASDAQ:OPB) last announced its quarterly earnings results on Monday, October 23rd. The financial services provider reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.20. Opus Bank had a net margin of 8.30% and a return on equity of 3.11%. The company had revenue of $68.20 million for the quarter, compared to analysts’ expectations of $70.45 million. During the same quarter in the previous year, the company earned ($0.09) earnings per share. Opus Bank’s quarterly revenue was down 3.7% on a year-over-year basis. equities research analysts anticipate that Opus Bank will post 1.5 earnings per share for the current fiscal year.

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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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