Opus Bank (OPB) Position Lifted by New York State Common Retirement Fund

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New York State Common Retirement Fund increased its position in Opus Bank (NASDAQ:OPB) by 24.7% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 41,053 shares of the financial services provider’s stock after buying an additional 8,121 shares during the period. New York State Common Retirement Fund owned about 0.12% of Opus Bank worth $1,149,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the stock. BlackRock Inc. boosted its holdings in shares of Opus Bank by 0.6% during the 1st quarter. BlackRock Inc. now owns 2,441,296 shares of the financial services provider’s stock valued at $68,356,000 after purchasing an additional 13,553 shares during the last quarter. Eagle Boston Investment Management Inc. boosted its holdings in shares of Opus Bank by 4.6% during the 1st quarter. Eagle Boston Investment Management Inc. now owns 445,342 shares of the financial services provider’s stock valued at $12,469,000 after purchasing an additional 19,706 shares during the last quarter. Matarin Capital Management LLC bought a new position in shares of Opus Bank during the 1st quarter valued at about $9,428,000. Geode Capital Management LLC boosted its holdings in shares of Opus Bank by 1.8% during the 4th quarter. Geode Capital Management LLC now owns 177,399 shares of the financial services provider’s stock valued at $4,842,000 after purchasing an additional 3,205 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its holdings in shares of Opus Bank by 17.2% during the 4th quarter. Wells Fargo & Company MN now owns 113,304 shares of the financial services provider’s stock valued at $3,093,000 after purchasing an additional 16,638 shares during the last quarter. 98.07% of the stock is owned by institutional investors.

Shares of Opus Bank opened at $28.70 on Friday, according to MarketBeat.com. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.91 and a current ratio of 0.91. The stock has a market cap of $976.87 million, a PE ratio of 19.26 and a beta of 0.95. Opus Bank has a 12-month low of $21.06 and a 12-month high of $30.95.

Opus Bank (NASDAQ:OPB) last announced its earnings results on Monday, April 23rd. The financial services provider reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.09). The business had revenue of $65.00 million for the quarter, compared to analysts’ expectations of $68.50 million. Opus Bank had a net margin of 17.37% and a return on equity of 6.36%. During the same quarter in the prior year, the company posted $0.24 earnings per share. sell-side analysts expect that Opus Bank will post 1.55 EPS for the current year.

Several research firms have commented on OPB. BidaskClub raised shares of Opus Bank from a “hold” rating to a “buy” rating in a report on Friday, June 22nd. Zacks Investment Research downgraded shares of Opus Bank from a “hold” rating to a “strong sell” rating in a report on Friday, June 15th. ValuEngine downgraded shares of Opus Bank from a “buy” rating to a “hold” rating in a report on Wednesday, June 13th. Finally, Hovde Group set a $30.00 price objective on shares of Opus Bank and gave the company a “hold” rating in a report on Friday, April 6th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $30.80.

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.

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

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