Northern Trust Corp Grows Position in Opus Bank (OPB)

Northern Trust Corp increased its position in shares of Opus Bank (NASDAQ:OPB) by 16.2% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 258,092 shares of the financial services provider’s stock after buying an additional 36,004 shares during the quarter. Northern Trust Corp owned about 0.69% of Opus Bank worth $6,247,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. State Street Corp lifted its position in Opus Bank by 83.8% during the 1st quarter. State Street Corp now owns 1,205,354 shares of the financial services provider’s stock worth $24,289,000 after acquiring an additional 549,567 shares during the period. Vanguard Group Inc. lifted its position in Opus Bank by 2.8% during the 1st quarter. Vanguard Group Inc. now owns 904,898 shares of the financial services provider’s stock worth $18,233,000 after acquiring an additional 24,348 shares during the period. Dimensional Fund Advisors LP lifted its position in Opus Bank by 7.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 789,587 shares of the financial services provider’s stock worth $15,910,000 after acquiring an additional 54,110 shares during the period. Emerald Advisers Inc. PA lifted its position in Opus Bank by 1.5% during the 2nd quarter. Emerald Advisers Inc. PA now owns 609,732 shares of the financial services provider’s stock worth $14,756,000 after acquiring an additional 9,172 shares during the period. Finally, Stieven Capital Advisors L.P. lifted its position in Opus Bank by 5.0% during the 2nd quarter. Stieven Capital Advisors L.P. now owns 499,978 shares of the financial services provider’s stock worth $12,099,000 after acquiring an additional 23,900 shares during the period.

Shares of Opus Bank (NASDAQ:OPB) opened at $24.65 on Wednesday. The company has a quick ratio of 0.92, a current ratio of 0.90 and a debt-to-equity ratio of 0.14. The company has a market capitalization of $856.90, a P/E ratio of 33.33 and a beta of 1.12. Opus Bank has a 1-year low of $18.45 and a 1-year high of $30.60.

Opus Bank (NASDAQ:OPB) last posted its quarterly earnings results on Monday, October 23rd. The financial services provider reported $0.54 EPS for the quarter, beating the consensus estimate of $0.34 by $0.20. The business had revenue of $68.20 million during the quarter, compared to analysts’ expectations of $70.45 million. Opus Bank had a return on equity of 3.11% and a net margin of 8.30%. The company’s quarterly revenue was down 3.7% compared to the same quarter last year. During the same period last year, the firm earned ($0.09) EPS. sell-side analysts anticipate that Opus Bank will post 1.57 earnings per share for the current fiscal year.

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A number of analysts have weighed in on the company. Zacks Investment Research raised Opus Bank from a “sell” rating to a “hold” rating in a research report on Wednesday, August 9th. ValuEngine raised Opus Bank from a “sell” rating to a “hold” rating in a research report on Wednesday, September 27th. FIG Partners started coverage on Opus Bank in a report on Thursday, November 9th. They issued an “outperform” rating and a $32.00 price target for the company. Piper Jaffray Companies reissued a “buy” rating and issued a $27.00 price target on shares of Opus Bank in a report on Friday, October 6th. Finally, BidaskClub cut Opus Bank from a “sell” rating to a “strong sell” rating in a report on Saturday, August 12th. One analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $28.50.

About Opus Bank

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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