Citigroup Inc. increased its stake in shares of Opus Bank (NASDAQ:OPB) by 36.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 27,783 shares of the financial services provider’s stock after acquiring an additional 7,409 shares during the quarter. Citigroup Inc. owned approximately 0.07% of Opus Bank worth $673,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Texas Permanent School Fund boosted its stake in Opus Bank by 0.8% during the second quarter. Texas Permanent School Fund now owns 13,263 shares of the financial services provider’s stock worth $321,000 after acquiring an additional 111 shares in the last quarter. New York State Common Retirement Fund boosted its stake in Opus Bank by 1.1% during the second quarter. New York State Common Retirement Fund now owns 22,200 shares of the financial services provider’s stock worth $537,000 after acquiring an additional 252 shares in the last quarter. Clearbridge Investments LLC boosted its stake in Opus Bank by 1.8% during the first quarter. Clearbridge Investments LLC now owns 15,494 shares of the financial services provider’s stock worth $312,000 after acquiring an additional 277 shares in the last quarter. New York State Teachers Retirement System boosted its stake in Opus Bank by 6.3% during the first quarter. New York State Teachers Retirement System now owns 8,459 shares of the financial services provider’s stock worth $170,000 after acquiring an additional 500 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its stake in Opus Bank by 0.7% during the first quarter. Wells Fargo & Company MN now owns 102,544 shares of the financial services provider’s stock worth $2,067,000 after acquiring an additional 711 shares in the last quarter.

Opus Bank (OPB) opened at 24.35 on Wednesday. Opus Bank has a 1-year low of $18.20 and a 1-year high of $35.30. The firm has a 50 day moving average of $22.93 and a 200-day moving average of $22.57. The company has a market capitalization of $910.42 million, a price-to-earnings ratio of 227.57 and a beta of 1.10.

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

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Several research analysts recently issued reports on OPB shares. Keefe, Bruyette & Woods reissued a “hold” rating and set a $24.00 target price on shares of Opus Bank in a research note on Tuesday, August 29th. TheStreet lowered shares of Opus Bank from a “b-” rating to a “c+” rating in a research note on Wednesday, August 23rd. BidaskClub lowered shares of Opus Bank from a “hold” rating to a “sell” rating in a research note on Wednesday, July 19th. ValuEngine raised shares of Opus Bank from a “sell” rating to a “hold” rating in a research note on Tuesday, July 25th. Finally, Piper Jaffray Companies reaffirmed a “buy” rating and issued a $27.00 price objective on shares of Opus Bank in a research note on Wednesday, July 12th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $27.33.

Opus Bank 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.

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

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