Royal Bank of Canada increased its stake in shares of Opus Bank (NASDAQ:OPB) by 0.5% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 738,732 shares of the financial services provider’s stock after purchasing an additional 3,554 shares during the period. Royal Bank of Canada owned approximately 1.98% of Opus Bank worth $17,877,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. QS Investors LLC raised its holdings in shares of Opus Bank by 10.4% during the second quarter. QS Investors LLC now owns 135,626 shares of the financial services provider’s stock valued at $3,282,000 after purchasing an additional 12,813 shares during the last quarter. Voya Investment Management LLC purchased a new position in shares of Opus Bank during the second quarter valued at approximately $209,000. Castine Capital Management LLC purchased a new position in shares of Opus Bank during the second quarter valued at approximately $7,898,000. Dimensional Fund Advisors LP raised its holdings in shares of Opus Bank by 40.7% during the second quarter. Dimensional Fund Advisors LP now owns 1,110,901 shares of the financial services provider’s stock valued at $26,884,000 after purchasing an additional 321,314 shares during the last quarter. Finally, Parametric Portfolio Associates LLC raised its holdings in shares of Opus Bank by 40.9% during the second quarter. Parametric Portfolio Associates LLC now owns 59,286 shares of the financial services provider’s stock valued at $1,435,000 after purchasing an additional 17,222 shares during the last quarter.

Several research firms have recently weighed in on OPB. Zacks Investment Research raised shares of Opus Bank from a “sell” rating to a “hold” rating in a report on Wednesday, August 9th. Piper Jaffray Companies reissued a “buy” rating and set a $27.00 price objective on shares of Opus Bank in a report on Friday, October 6th. ValuEngine raised shares of Opus Bank from a “sell” rating to a “hold” rating in a report on Wednesday, September 27th. TheStreet raised shares of Opus Bank from a “c” rating to a “b-” rating in a report on Thursday, July 13th. Finally, BidaskClub cut shares of Opus Bank from a “sell” rating to a “strong sell” rating in a report on Saturday, August 12th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $27.33.

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Shares of Opus Bank (NASDAQ:OPB) opened at 24.20 on Friday. The stock has a market capitalization of $904.81 million, a PE ratio of 226.17 and a beta of 1.10. The firm’s 50-day moving average is $23.03 and its 200-day moving average is $22.59. Opus Bank has a one year low of $18.20 and a one year high of $35.04.

Opus Bank (NASDAQ:OPB) last posted its quarterly earnings results on Monday, July 24th. The financial services provider reported $0.51 earnings per share (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 company had revenue of $79.83 million during the quarter, compared to analyst estimates of $71.47 million. The firm’s quarterly revenue was down 49.3% compared to the same quarter last year. On average, analysts expect that Opus Bank will post $1.42 earnings per share for the current fiscal year.

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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