Opus Bank (OPB) Position Raised by Symons Capital Management Inc.
Symons Capital Management Inc. boosted its holdings in shares of Opus Bank (NASDAQ:OPB) by 48.5% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,077 shares of the financial services provider’s stock after purchasing an additional 11,127 shares during the period. Symons Capital Management Inc. owned 0.10% of Opus Bank worth $818,000 as of its most recent SEC filing.
A number of other hedge funds have also added to or reduced their stakes in OPB. UBS Group AG increased its holdings in Opus Bank by 23.4% during the 1st quarter. UBS Group AG now owns 4,969 shares of the financial services provider’s stock valued at $100,000 after purchasing an additional 941 shares in the last quarter. BNP Paribas Arbitrage SA increased its holdings in Opus Bank by 66.9% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 5,508 shares of the financial services provider’s stock valued at $133,000 after purchasing an additional 2,208 shares in the last quarter. New York State Teachers Retirement System increased its holdings in Opus Bank by 6.3% during the 1st quarter. New York State Teachers Retirement System now owns 8,459 shares of the financial services provider’s stock valued at $170,000 after purchasing an additional 500 shares in the last quarter. Voya Investment Management LLC acquired a new stake in Opus Bank during the 2nd quarter valued at $209,000. Finally, Bbva Compass Bancshares Inc. acquired a new stake in Opus Bank during the 3rd quarter valued at $220,000.
OPB has been the subject of several research reports. TheStreet raised Opus Bank from a “c” rating to a “b-” rating in a research note on Thursday, July 13th. BidaskClub cut Opus Bank from a “hold” rating to a “sell” rating in a research note on Wednesday, July 19th. ValuEngine raised Opus Bank from a “sell” rating to a “hold” rating in a research note on Tuesday, July 25th. Zacks Investment Research raised Opus Bank from a “sell” rating to a “hold” rating in a research note on Wednesday, August 9th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and issued a $24.00 target price on shares of Opus Bank in a research note on Tuesday, August 29th. One analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $28.50.
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Opus Bank (NASDAQ OPB) traded up $0.57 during midday trading on Friday, hitting $25.03. The stock had a trading volume of 33,005 shares, compared to its average volume of 176,718. Opus Bank has a one year low of $18.45 and a one year high of $30.60. The firm has a market cap of $804.53, a PE ratio of 33.20 and a beta of 1.12. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.90 and a quick ratio of 0.92.
Opus Bank (NASDAQ:OPB) last announced its earnings results on Monday, October 23rd. The financial services provider reported $0.54 EPS for the quarter, beating the consensus estimate of $0.34 by $0.20. Opus Bank had a return on equity of 3.11% and a net margin of 8.30%. The business had revenue of $68.20 million during the quarter, compared to the consensus estimate of $70.45 million. During the same period in the prior year, the business posted ($0.09) earnings per share. Opus Bank’s revenue was down 3.7% compared to the same quarter last year. equities research analysts forecast that Opus Bank will post 1.5 earnings per share for the current 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.
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