Citadel Advisors LLC Buys 3,315 Shares of Opus Bank (OPB)

Citadel Advisors LLC raised its holdings in Opus Bank (NASDAQ:OPB) by 13.3% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 28,165 shares of the financial services provider’s stock after buying an additional 3,315 shares during the quarter. Citadel Advisors LLC owned 0.08% of Opus Bank worth $808,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Piedmont Investment Advisors LLC acquired a new position in shares of Opus Bank during the second quarter worth approximately $117,000. UBS Group AG raised its position in shares of Opus Bank by 186.0% during the first quarter. UBS Group AG now owns 5,832 shares of the financial services provider’s stock worth $163,000 after purchasing an additional 3,793 shares during the period. Teton Advisors Inc. acquired a new position in shares of Opus Bank during the second quarter worth approximately $215,000. FDx Advisors Inc. acquired a new position in shares of Opus Bank during the second quarter worth approximately $222,000. Finally, Stevens Capital Management LP acquired a new position in shares of Opus Bank during the second quarter worth approximately $276,000. 98.04% of the stock is currently owned by hedge funds and other institutional investors.

OPB has been the subject of several recent research reports. BidaskClub downgraded Opus Bank from a “buy” rating to a “hold” rating in a report on Wednesday, June 13th. ValuEngine upgraded Opus Bank from a “hold” rating to a “buy” rating in a report on Friday, September 7th. FIG Partners downgraded Opus Bank from an “outperform” rating to a “market-perform” rating in a report on Monday, July 23rd. Finally, Zacks Investment Research downgraded Opus Bank from a “hold” rating to a “strong sell” rating in a research note on Friday, June 15th. One equities research analyst has rated the stock with a sell rating and five have issued a hold rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $30.80.

Shares of OPB opened at $27.14 on Tuesday. Opus Bank has a 52-week low of $23.80 and a 52-week high of $30.95. The stock has a market cap of $939.16 million, a P/E ratio of 18.21 and a beta of 0.92. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.92 and a current ratio of 0.92.

Opus Bank (NASDAQ:OPB) last released its quarterly earnings results on Monday, July 23rd. The financial services provider reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.06. Opus Bank had a return on equity of 5.96% and a net margin of 16.83%. The firm had revenue of $62.45 million for the quarter, compared to analysts’ expectations of $68.65 million. During the same quarter last year, the firm posted $0.21 EPS. As a group, research analysts expect that Opus Bank will post 1.47 EPS for the current year.

Opus Bank Profile

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.

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

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