UBS Group AG Buys 941 Shares of Opus Bank (OPB)
UBS Group AG increased its position in shares of Opus Bank (NASDAQ:OPB) by 23.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,969 shares of the financial services provider’s stock after buying an additional 941 shares during the period. UBS Group AG’s holdings in Opus Bank were worth $100,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. US Bancorp DE raised its stake in Opus Bank by 0.3% in the first quarter. US Bancorp DE now owns 27,687 shares of the financial services provider’s stock worth $558,000 after buying an additional 80 shares during the last quarter. Wells Fargo & Company MN raised its stake in Opus Bank by 0.7% in the first quarter. Wells Fargo & Company MN now owns 102,544 shares of the financial services provider’s stock worth $2,067,000 after buying an additional 711 shares during the last quarter. SignalPoint Asset Management LLC raised its stake in Opus Bank by 10.4% in the first quarter. SignalPoint Asset Management LLC now owns 16,984 shares of the financial services provider’s stock worth $342,000 after buying an additional 1,603 shares during the last quarter. State of Tennessee Treasury Department raised its stake in Opus Bank by 17.8% in the first quarter. State of Tennessee Treasury Department now owns 17,703 shares of the financial services provider’s stock worth $357,000 after buying an additional 2,672 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its stake in Opus Bank by 0.6% in the first quarter. Ameriprise Financial Inc. now owns 828,414 shares of the financial services provider’s stock worth $16,693,000 after buying an additional 4,803 shares during the last quarter. 91.73% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Opus Bank (NASDAQ:OPB) traded down 0.21% on Tuesday, hitting $23.40. The company’s stock had a trading volume of 14,972 shares. Opus Bank has a 52 week low of $18.20 and a 52 week high of $35.90. The stock’s 50 day moving average is $23.78 and its 200-day moving average is $22.01. The company has a market cap of $874.90 million, a price-to-earnings ratio of 218.69 and a beta of 1.07.
Opus Bank (NASDAQ:OPB) last posted its quarterly earnings data on Monday, July 24th. The financial services provider reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $0.22. Opus Bank had a net margin of 1.15% and a return on equity of 2.76%. The firm had revenue of $79.83 million during the quarter, compared to analyst estimates of $71.47 million. The business’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 $1.41 earnings per share for the current year.
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A number of equities research analysts recently issued reports on the company. BidaskClub lowered Opus Bank from a “sell” rating to a “strong sell” rating in a research note on Saturday. Zacks Investment Research raised Opus Bank from a “sell” rating to a “hold” rating in a research note on Wednesday, August 9th. TheStreet raised Opus Bank from a “d+” rating to a “c” rating in a research note on Monday, April 24th. ValuEngine lowered Opus Bank from a “hold” rating to a “sell” rating in a research note on Friday, June 2nd. Finally, Piper Jaffray Companies reaffirmed an “overweight” rating and issued a $24.00 target price (down previously from $25.00) on shares of Opus Bank in a research note on Monday, April 17th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the company. Opus Bank presently has an average rating of “Hold” and a consensus price target of $27.67.
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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