Peregrine Capital Management LLC increased its position in Opus Bank (NASDAQ:OPB) by 2.0% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 263,728 shares of the financial services provider’s stock after buying an additional 5,296 shares during the period. Peregrine Capital Management LLC owned about 0.77% of Opus Bank worth $6,382,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. State Street Corp boosted its stake in shares of Opus Bank by 38.5% in the fourth quarter. State Street Corp now owns 655,787 shares of the financial services provider’s stock worth $19,707,000 after buying an additional 182,161 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Opus Bank by 10.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 735,477 shares of the financial services provider’s stock worth $22,100,000 after buying an additional 68,411 shares during the period. Thrivent Financial for Lutherans boosted its stake in shares of Opus Bank by 6.1% in the fourth quarter. Thrivent Financial for Lutherans now owns 9,840 shares of the financial services provider’s stock worth $296,000 after buying an additional 570 shares during the period. RMB Capital Management LLC boosted its stake in shares of Opus Bank by 86.0% in the fourth quarter. RMB Capital Management LLC now owns 273,401 shares of the financial services provider’s stock worth $8,216,000 after buying an additional 126,391 shares during the period. Finally, Teachers Advisors LLC raised its position in Opus Bank by 36.9% in the fourth quarter. Teachers Advisors LLC now owns 69,133 shares of the financial services provider’s stock valued at $2,077,000 after buying an additional 18,644 shares in the last quarter. 91.73% of the stock is owned by institutional investors and hedge funds.

Shares of Opus Bank (NASDAQ OPB) traded up 0.22% during mid-day trading on Friday, hitting $22.30. The stock had a trading volume of 137,890 shares. Opus Bank has a 1-year low of $18.20 and a 1-year high of $35.90. The company has a market cap of $833.77 million, a P/E ratio of 208.41 and a beta of 1.07. The firm’s 50 day moving average price is $23.67 and its 200 day moving average price is $22.01.

Opus Bank (NASDAQ:OPB) last issued its quarterly 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 during the quarter, compared to the consensus estimate of $71.47 million. Opus Bank had a return on equity of 2.76% and a net margin of 1.15%. The firm’s revenue was down 49.3% on a year-over-year basis. Analysts predict that Opus Bank will post $1.41 earnings per share for the current fiscal year.

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Several research analysts have weighed in on the company. TheStreet upgraded Opus Bank from a “d+” rating to a “c” rating in a report on Monday, April 24th. Zacks Investment Research upgraded Opus Bank from a “sell” rating to a “hold” rating in a report on Wednesday, August 9th. ValuEngine lowered Opus Bank from a “hold” rating to a “sell” rating in a report on Friday, June 2nd. Piper Jaffray Companies reiterated a “buy” rating and set a $27.00 target price on shares of Opus Bank in a report on Wednesday, July 12th. Finally, BidaskClub lowered Opus Bank from a “sell” rating to a “strong sell” rating in a report on Saturday, August 12th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the company’s stock. Opus Bank presently has a consensus rating of “Hold” and a consensus target price of $27.67.

Opus Bank Company 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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