US Bancorp DE cut its stake in Opus Bank (NASDAQ:OPB) by 1.2% during the second quarter, Holdings Channel reports. The institutional investor owned 27,359 shares of the financial services provider’s stock after selling 328 shares during the period. US Bancorp DE’s holdings in Opus Bank were worth $662,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Peregrine Capital Management LLC raised its position in Opus Bank by 2.0% in the second quarter. Peregrine Capital Management LLC now owns 263,728 shares of the financial services provider’s stock valued at $6,382,000 after buying an additional 5,296 shares in the last quarter. Aperio Group LLC raised its position in Opus Bank by 39.9% in the second quarter. Aperio Group LLC now owns 15,570 shares of the financial services provider’s stock valued at $377,000 after buying an additional 4,442 shares in the last quarter. Clearbridge Investments LLC raised its position in Opus Bank by 1.8% in the first quarter. Clearbridge Investments LLC now owns 15,494 shares of the financial services provider’s stock valued at $312,000 after buying an additional 277 shares in the last quarter. Goldman Sachs Group Inc. raised its position in Opus Bank by 11.5% in the first quarter. Goldman Sachs Group Inc. now owns 55,929 shares of the financial services provider’s stock valued at $1,127,000 after buying an additional 5,781 shares in the last quarter. Finally, Tudor Investment Corp ET AL raised its position in Opus Bank by 97.3% in the first quarter. Tudor Investment Corp ET AL now owns 21,900 shares of the financial services provider’s stock valued at $441,000 after buying an additional 10,800 shares in the last quarter. 91.73% of the stock is currently owned by institutional investors and hedge funds.

Opus Bank (NASDAQ OPB) traded up 0.87% during midday trading on Monday, hitting $23.25. 89,601 shares of the stock traded hands. The company has a 50-day moving average price of $23.77 and a 200 day moving average price of $22.11. Opus Bank has a one year low of $18.20 and a one year high of $35.90. The stock has a market cap of $869.29 million, a price-to-earnings ratio of 217.29 and a beta of 1.07.

Opus Bank (NASDAQ:OPB) last posted its earnings results on Monday, July 24th. The financial services provider reported $0.51 EPS for the quarter, beating 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%. The firm’s revenue for the quarter was down 49.3% compared to the same quarter last year. Equities research analysts anticipate that Opus Bank will post $1.41 earnings per share for the current year.

WARNING: This piece was first published by Watch List News and is the property of of Watch List News. If you are viewing this piece on another site, it was stolen and republished in violation of U.S. & international copyright & trademark legislation. The legal version of this piece can be viewed at https://www.watchlistnews.com/us-bancorp-de-has-662000-stake-in-opus-bank-opb/1487390.html.

Several research firms have issued reports on OPB. BidaskClub lowered shares of Opus Bank from a “sell” rating to a “strong sell” rating in a report on Saturday. Zacks Investment Research raised shares of Opus Bank from a “sell” rating to a “hold” rating in a report on Wednesday, August 9th. ValuEngine upgraded shares of Opus Bank from a “sell” rating to a “hold” rating in a research note on Tuesday, July 25th. TheStreet upgraded shares of Opus Bank from a “c” rating to a “b-” rating in a research note on Thursday, July 13th. Finally, Piper Jaffray Companies reiterated a “buy” rating and set a $27.00 price objective on shares of Opus Bank in a research note on Wednesday, July 12th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and one has issued a buy rating to the company. The company currently has a consensus 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.

Want to see what other hedge funds are holding OPB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Opus Bank (NASDAQ:OPB).

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

Receive News & Ratings for Opus Bank Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Opus Bank and related companies with Analyst Ratings Network's FREE daily email newsletter.