Aperio Group LLC raised its position in Opus Bank (NASDAQ:OPB) by 39.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 15,570 shares of the financial services provider’s stock after buying an additional 4,442 shares during the period. Aperio Group LLC’s holdings in Opus Bank were worth $377,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the company. State Street Corp increased its position in shares of Opus Bank by 83.8% in the first quarter. State Street Corp now owns 1,205,354 shares of the financial services provider’s stock worth $24,289,000 after buying an additional 549,567 shares during the period. Elliott Management Corp increased its position in shares of Opus Bank by 7.3% in the first quarter. Elliott Management Corp now owns 5,419,153 shares of the financial services provider’s stock worth $109,196,000 after buying an additional 367,874 shares during the period. Mendon Capital Advisors Corp increased its position in shares of Opus Bank by 31.9% in the first quarter. Mendon Capital Advisors Corp now owns 1,228,420 shares of the financial services provider’s stock worth $24,753,000 after buying an additional 297,000 shares during the period. RMB Capital Management LLC increased its position in shares of Opus Bank by 98.9% in the first quarter. RMB Capital Management LLC now owns 543,671 shares of the financial services provider’s stock worth $10,955,000 after buying an additional 270,270 shares during the period. Finally, LSV Asset Management increased its position in shares of Opus Bank by 101.5% in the first quarter. LSV Asset Management now owns 518,100 shares of the financial services provider’s stock worth $10,439,000 after buying an additional 261,027 shares during the period. 91.73% of the stock is owned by institutional investors.

Shares of Opus Bank (NASDAQ OPB) remained flat at $22.35 during trading on Wednesday. The company’s stock had a trading volume of 24,401 shares. The company has a market cap of $835.64 million, a PE ratio of 208.88 and a beta of 1.07. The company has a 50 day moving average price of $23.42 and a 200 day moving average price of $22.07. Opus Bank has a 12-month low of $18.20 and a 12-month high of $35.90.

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, beating the Zacks’ 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 the consensus estimate of $71.47 million. The firm’s revenue for the quarter was down 49.3% compared to the same quarter last year. Equities research analysts forecast that Opus Bank will post $1.41 earnings per share for the current year.

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OPB has been the subject of a number of recent research reports. Zacks Investment Research raised shares of Opus Bank from a “strong sell” rating to a “hold” rating in a research note on Wednesday, June 28th. ValuEngine downgraded Opus Bank from a “hold” rating to a “sell” rating in a research report on Friday, June 2nd. TheStreet raised Opus Bank from a “c” rating to a “b-” rating in a research report on Thursday, July 13th. BidaskClub downgraded Opus Bank from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th. Finally, Piper Jaffray Companies reaffirmed a “buy” rating and set a $27.00 price target on shares of Opus Bank in a research report on Wednesday, July 12th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and one has issued a buy rating to the stock. Opus Bank has a consensus rating of “Hold” and an average target price of $27.33.

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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