Opus Bank (OPB) Shares Sold by Goldman Sachs Group Inc.
Goldman Sachs Group Inc. trimmed its stake in shares of Opus Bank (NASDAQ:OPB) by 44.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 31,039 shares of the financial services provider’s stock after selling 24,890 shares during the quarter. Goldman Sachs Group Inc. owned approximately 0.08% of Opus Bank worth $751,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently bought and sold shares of OPB. JPMorgan Chase & Co. bought a new position in shares of Opus Bank in the 1st quarter worth about $334,000. Schwab Charles Investment Management Inc. lifted its position in shares of 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 worth $1,755,000 after buying an additional 9,718 shares during the last quarter. Great Lakes Advisors LLC bought a new position in shares of Opus Bank in the 2nd quarter worth about $1,864,000. Symons Capital Management Inc. bought a new position in shares of Opus Bank in the 2nd quarter worth about $555,000. Finally, Citigroup Inc. lifted its position in shares of Opus Bank by 36.4% in the 2nd quarter. Citigroup Inc. now owns 27,783 shares of the financial services provider’s stock worth $673,000 after buying an additional 7,409 shares during the last quarter.
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Opus Bank (OPB) opened at $24.90 on Thursday. The company has a market cap of $856.90, a PE ratio of 33.33 and a beta of 1.12. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.92 and a current ratio of 0.90. Opus Bank has a 52 week low of $18.45 and a 52 week high of $30.60.
Opus Bank (NASDAQ:OPB) last released its earnings results on Monday, October 23rd. The financial services provider reported $0.54 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.34 by $0.20. The firm had revenue of $68.20 million for the quarter, compared to analysts’ expectations of $70.45 million. Opus Bank had a net margin of 8.30% and a return on equity of 3.11%. Opus Bank’s quarterly revenue was down 3.7% on a year-over-year basis. During the same quarter last year, the company earned ($0.09) EPS. equities research analysts forecast that Opus Bank will post 1.5 earnings per share for the current year.
A number of research analysts have recently issued reports on the stock. Piper Jaffray Companies restated a “buy” rating and issued a $27.00 price target on shares of Opus Bank in a research report on Wednesday, July 12th. TheStreet raised shares of Opus Bank from a “c+” rating to a “b-” rating in a report on Wednesday, October 25th. BidaskClub cut shares of Opus Bank from a “sell” rating to a “strong sell” rating in a report on Saturday, August 12th. ValuEngine raised shares of Opus Bank from a “sell” rating to a “hold” rating in a report on Wednesday, September 27th. Finally, Zacks Investment Research raised shares of Opus Bank from a “sell” rating to a “hold” rating in a report on Wednesday, August 9th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target 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.
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