Opus Bank (OPB) Shares Sold by Castine Capital Management LLC

Castine Capital Management LLC lowered its position in shares of Opus Bank (NASDAQ:OPB) by 6.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 304,213 shares of the financial services provider’s stock after selling 22,150 shares during the period. Opus Bank comprises about 2.7% of Castine Capital Management LLC’s holdings, making the stock its 20th largest holding. Castine Capital Management LLC owned approximately 0.89% of Opus Bank worth $7,301,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the business. Dimensional Fund Advisors LP increased its holdings in shares of Opus Bank by 19.5% in the third quarter. Dimensional Fund Advisors LP now owns 1,327,792 shares of the financial services provider’s stock worth $31,867,000 after buying an additional 216,891 shares during the period. Vanguard Group Inc. increased its holdings 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 valued at $18,233,000 after purchasing an additional 24,348 shares during the period. Royal Bank of Canada increased its holdings in Opus Bank by 0.5% during the 2nd quarter. Royal Bank of Canada now owns 738,732 shares of the financial services provider’s stock valued at $17,877,000 after purchasing an additional 3,554 shares during the period. Emerald Advisers Inc. PA increased its holdings in Opus Bank by 5.4% during the 3rd quarter. Emerald Advisers Inc. PA now owns 642,671 shares of the financial services provider’s stock valued at $15,424,000 after purchasing an additional 32,939 shares during the period. Finally, Emerald Mutual Fund Advisers Trust increased its holdings in Opus Bank by 14.6% during the 3rd quarter. Emerald Mutual Fund Advisers Trust now owns 534,380 shares of the financial services provider’s stock valued at $12,825,000 after purchasing an additional 67,947 shares during the period. 98.45% of the stock is owned by hedge funds and other institutional investors.

Shares of Opus Bank (NASDAQ:OPB) opened at $27.05 on Thursday. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.90 and a quick ratio of 0.92. Opus Bank has a 12-month low of $18.45 and a 12-month high of $30.60. The company has a market capitalization of $930.59, a P/E ratio of 36.20 and a beta of 1.15.

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

A number of research analysts recently issued reports on OPB shares. Zacks Investment Research upgraded Opus Bank from a “sell” rating to a “hold” rating in a report on Wednesday, August 9th. BidaskClub downgraded Opus Bank from a “sell” rating to a “strong sell” rating in a report on Saturday, August 12th. TheStreet downgraded Opus Bank from a “b-” rating to a “c+” rating in a report on Wednesday, August 23rd. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $24.00 target price on shares of Opus Bank in a report on Tuesday, August 29th. Finally, ValuEngine upgraded Opus Bank from a “sell” rating to a “hold” rating in a report on Wednesday, September 27th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the stock. Opus Bank presently has an average rating of “Hold” and a consensus target price of $28.50.

WARNING: This piece of content was originally published by Ticker Report and is the property of of Ticker Report. If you are reading this piece of content on another publication, it was illegally stolen and republished in violation of US and international copyright law. The correct version of this piece of content can be viewed at https://www.tickerreport.com/banking-finance/3079116/opus-bank-opb-shares-sold-by-castine-capital-management-llc.html.

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)

Receive News & Ratings for Opus Bank Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Opus Bank and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

How to Trade on Forex – 8 Steps for Beginners
How to Trade on Forex – 8 Steps for Beginners
Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Netflix Could See 150 Million Worldwide Subscribers
Netflix Could See 150 Million Worldwide Subscribers
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back


Leave a Reply

© 2006-2017 Ticker Report. Google+.