Comerica Bank Has $443,000 Holdings in Opus Bank (NASDAQ:OPB)

Comerica Bank grew its stake in shares of Opus Bank (NASDAQ:OPB) by 2.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 21,367 shares of the financial services provider’s stock after buying an additional 544 shares during the quarter. Comerica Bank owned about 0.06% of Opus Bank worth $443,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in the business. Texas Permanent School Fund raised its position in shares of Opus Bank by 4.2% during the 4th quarter. Texas Permanent School Fund now owns 14,158 shares of the financial services provider’s stock worth $277,000 after buying an additional 565 shares in the last quarter. Versant Capital Management Inc raised its holdings in shares of Opus Bank by 163.1% in the 1st quarter. Versant Capital Management Inc now owns 1,334 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 827 shares in the last quarter. Northern Trust Corp raised its holdings in shares of Opus Bank by 0.3% in the 4th quarter. Northern Trust Corp now owns 265,542 shares of the financial services provider’s stock worth $5,201,000 after purchasing an additional 887 shares in the last quarter. SG Americas Securities LLC raised its holdings in shares of Opus Bank by 8.2% in the 4th quarter. SG Americas Securities LLC now owns 22,980 shares of the financial services provider’s stock worth $450,000 after purchasing an additional 1,733 shares in the last quarter. Finally, Arizona State Retirement System raised its holdings in shares of Opus Bank by 6.3% in the 4th quarter. Arizona State Retirement System now owns 33,318 shares of the financial services provider’s stock worth $653,000 after purchasing an additional 1,979 shares in the last quarter. Institutional investors own 96.93% of the company’s stock.

A number of research firms recently commented on OPB. Zacks Investment Research reiterated a “sell” rating on shares of Opus Bank in a report on Saturday. ValuEngine upgraded shares of Opus Bank from a “sell” rating to a “hold” rating in a report on Wednesday, May 1st. Finally, BidaskClub raised shares of Opus Bank from a “sell” rating to a “hold” rating in a research report on Friday, April 5th. Two equities research analysts have rated the stock with a sell rating and two have assigned a hold rating to the company. Opus Bank presently has an average rating of “Hold” and a consensus price target of $20.00.

Shares of Opus Bank stock traded up $0.05 during trading on Monday, hitting $21.16. The stock had a trading volume of 135,800 shares, compared to its average volume of 140,280. The stock’s 50 day simple moving average is $20.84. The stock has a market cap of $723.57 million, a P/E ratio of 16.54 and a beta of 1.25. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.45. Opus Bank has a 1 year low of $17.79 and a 1 year high of $30.70.

Opus Bank (NASDAQ:OPB) last announced its quarterly earnings data on Monday, April 29th. The financial services provider reported $0.28 EPS for the quarter, missing the Zacks’ consensus estimate of $0.29 by ($0.01). Opus Bank had a net margin of 9.89% and a return on equity of 4.71%. The company had revenue of $61.90 million for the quarter, compared to analysts’ expectations of $62.55 million. During the same period in the previous year, the firm posted $0.34 earnings per share. On average, sell-side analysts predict that Opus Bank will post 1.34 earnings per share for the current year.

Opus Bank Profile

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

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

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