Northern Trust Corp raised its position in Opus Bank (NASDAQ:OPB) by 2.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 248,681 shares of the financial services provider’s stock after acquiring an additional 5,294 shares during the quarter. Northern Trust Corp owned approximately 0.73% of Opus Bank worth $7,136,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. BlackRock Inc. boosted its stake in shares of Opus Bank by 6.7% during the 2nd quarter. BlackRock Inc. now owns 2,603,711 shares of the financial services provider’s stock valued at $74,726,000 after purchasing an additional 162,415 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Opus Bank by 11.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,141,112 shares of the financial services provider’s stock valued at $61,450,000 after purchasing an additional 218,882 shares in the last quarter. Eagle Boston Investment Management Inc. boosted its stake in shares of Opus Bank by 4.4% during the 2nd quarter. Eagle Boston Investment Management Inc. now owns 465,021 shares of the financial services provider’s stock valued at $13,346,000 after purchasing an additional 19,679 shares in the last quarter. Sei Investments Co. boosted its stake in shares of Opus Bank by 8.0% during the 2nd quarter. Sei Investments Co. now owns 180,100 shares of the financial services provider’s stock valued at $5,169,000 after purchasing an additional 13,307 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its stake in shares of Opus Bank by 2.5% during the 1st quarter. Principal Financial Group Inc. now owns 132,134 shares of the financial services provider’s stock valued at $3,700,000 after purchasing an additional 3,169 shares in the last quarter. Hedge funds and other institutional investors own 97.79% of the company’s stock.

Several equities research analysts recently commented on the stock. BidaskClub lowered shares of Opus Bank from a “buy” rating to a “hold” rating in a research note on Wednesday, July 25th. ValuEngine lowered shares of Opus Bank from a “buy” rating to a “hold” rating in a research note on Tuesday, October 2nd. Zacks Investment Research raised shares of Opus Bank from a “sell” rating to a “hold” rating in a research note on Thursday, July 26th. Finally, Sandler O’Neill set a $20.00 price objective on shares of Opus Bank and gave the stock a “hold” rating in a research note on Tuesday, October 23rd. Two research analysts have rated the stock with a sell rating and five have assigned a hold rating to the company. The stock currently has an average rating of “Hold” and an average target price of $28.40.

NASDAQ:OPB opened at $20.10 on Friday. Opus Bank has a one year low of $18.49 and a one year high of $30.95. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.92 and a current ratio of 0.92. The stock has a market cap of $694.43 million, a P/E ratio of 13.49 and a beta of 1.31.

Opus Bank (NASDAQ:OPB) last issued its earnings results on Monday, October 22nd. The financial services provider reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.11). The firm had revenue of $60.34 million during the quarter, compared to the consensus estimate of $67.23 million. Opus Bank had a return on equity of 4.80% and a net margin of 13.28%. During the same quarter in the prior year, the company posted $0.54 EPS. Research analysts anticipate that Opus Bank will post 1.26 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Thursday, November 15th. Stockholders of record on Thursday, November 1st were paid a $0.11 dividend. The ex-dividend date was Wednesday, October 31st. This represents a $0.44 annualized dividend and a dividend yield of 2.19%. Opus Bank’s dividend payout ratio is presently 29.53%.

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About Opus Bank

Opus Bank provides various banking products, services, and solutions for small to mid-sized companies, entrepreneurs, real estate investors, professionals, and high net worth individuals. It offers demand deposits, checking accounts, money market accounts, savings accounts, and certificates of deposit.

Further Reading: Momentum Indicator: Relative Strength Index

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

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