Opus Bank (OPB) Holdings Lessened by SG Americas Securities LLC

SG Americas Securities LLC lessened its holdings in shares of Opus Bank (NASDAQ:OPB) by 77.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,142 shares of the financial services provider’s stock after selling 27,634 shares during the period. SG Americas Securities LLC’s holdings in Opus Bank were worth $197,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the business. Alpine Woods Capital Investors LLC boosted its position in shares of Opus Bank by 15.0% during the second quarter. Alpine Woods Capital Investors LLC now owns 11,500 shares of the financial services provider’s stock valued at $278,000 after buying an additional 1,500 shares during the period. Arizona State Retirement System purchased a new position in shares of Opus Bank during the second quarter valued at approximately $230,000. Foundry Partners LLC boosted its position in shares of Opus Bank by 22.3% during the second quarter. Foundry Partners LLC now owns 227,270 shares of the financial services provider’s stock valued at $5,500,000 after buying an additional 41,370 shares during the period. Schwab Charles Investment Management Inc. boosted its position in shares of Opus Bank by 15.5% during the second quarter. Schwab Charles Investment Management Inc. now owns 72,500 shares of the financial services provider’s stock valued at $1,755,000 after buying an additional 9,718 shares during the period. Finally, Sei Investments Co. boosted its position in shares of Opus Bank by 15.4% during the second quarter. Sei Investments Co. now owns 38,635 shares of the financial services provider’s stock valued at $935,000 after buying an additional 5,150 shares during the period. Institutional investors and hedge funds own 91.73% of the company’s stock.

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Shares of Opus Bank (NASDAQ:OPB) opened at 22.90 on Thursday. Opus Bank has a one year low of $18.20 and a one year high of $35.56. The company has a 50 day moving average price of $22.68 and a 200-day moving average price of $22.14. The stock has a market cap of $856.21 million, a price-to-earnings ratio of 214.02 and a beta of 1.08.

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 Zacks’ consensus estimate of $0.29 by $0.22. The firm had revenue of $79.83 million during the quarter, compared to analysts’ expectations of $71.47 million. Opus Bank had a net margin of 1.15% and a return on equity of 2.76%. The company’s revenue was down 49.3% compared to the same quarter last year. Equities analysts predict that Opus Bank will post $1.41 earnings per share for the current fiscal year.

Several research analysts have issued reports on the company. Keefe, Bruyette & Woods restated a “hold” rating and set a $24.00 target price on shares of Opus Bank in a research report on Tuesday, August 29th. TheStreet lowered Opus Bank from a “b-” rating to a “c+” rating in a research report on Wednesday, August 23rd. BidaskClub lowered Opus Bank from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 12th. Zacks Investment Research upgraded Opus Bank from a “sell” rating to a “hold” rating in a research report on Wednesday, August 9th. Finally, ValuEngine upgraded Opus Bank from a “sell” rating to a “hold” rating in a research report on Tuesday, July 25th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $27.33.

Opus Bank 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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