Stieven Capital Advisors L.P. increased its stake in Opus Bank (NASDAQ:OPB) by 5.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 499,978 shares of the financial services provider’s stock after buying an additional 23,900 shares during the period. Opus Bank accounts for 2.3% of Stieven Capital Advisors L.P.’s holdings, making the stock its 16th largest position. Stieven Capital Advisors L.P. owned about 1.34% of Opus Bank worth $12,099,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. UBS Group AG raised its stake in shares of Opus Bank by 23.4% in the first quarter. UBS Group AG now owns 4,969 shares of the financial services provider’s stock valued at $100,000 after buying an additional 941 shares during the last quarter. BNP Paribas Arbitrage SA raised its stake in shares of Opus Bank by 66.9% in the second quarter. BNP Paribas Arbitrage SA now owns 5,508 shares of the financial services provider’s stock valued at $133,000 after buying an additional 2,208 shares during the last quarter. Bank of Montreal Can raised its stake in shares of Opus Bank by 262.1% in the first quarter. Bank of Montreal Can now owns 8,340 shares of the financial services provider’s stock valued at $168,000 after buying an additional 6,037 shares during the last quarter. New York State Teachers Retirement System raised its stake in shares of Opus Bank by 6.3% in the first quarter. New York State Teachers Retirement System now owns 8,459 shares of the financial services provider’s stock valued at $170,000 after buying an additional 500 shares during the last quarter. Finally, Karp Capital Management Corp acquired a new stake in shares of Opus Bank during the first quarter valued at approximately $224,000. 91.73% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Opus Bank (OPB) traded down 0.980% during trading on Monday, reaching $22.725. The company had a trading volume of 5,574 shares. Opus Bank has a 12 month low of $18.21 and a 12 month high of $35.90. The firm has a market capitalization of $849.67 million, a P/E ratio of 212.383 and a beta of 1.07. The firm’s 50 day moving average price is $23.42 and its 200 day moving average price is $22.07.

Opus Bank (NASDAQ:OPB) last posted its quarterly earnings data on Monday, July 24th. The financial services provider reported $0.51 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts’ expectations of $71.47 million. Opus Bank’s revenue was down 49.3% on a year-over-year basis. Equities analysts predict that Opus Bank will post $1.41 EPS for the current year.

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Several equities analysts have recently weighed in on OPB shares. Zacks Investment Research upgraded Opus Bank from a “sell” rating to a “hold” rating in a research report on Wednesday, August 9th. ValuEngine downgraded Opus Bank from a “hold” rating to a “sell” rating in a research report on Friday, June 2nd. TheStreet upgraded Opus Bank from a “c” rating to a “b-” rating in a research report on Thursday, July 13th. Piper Jaffray Companies restated a “buy” rating and issued a $27.00 target price on shares of Opus Bank in a research report on Wednesday, July 12th. Finally, BidaskClub downgraded Opus Bank from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 12th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the company’s stock. The stock currently 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.

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

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