Principal Financial Group Inc. reduced its stake in shares of Opus Bank (NASDAQ:OPB) by 0.8% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 193,115 shares of the financial services provider’s stock after selling 1,473 shares during the period. Principal Financial Group Inc.’s holdings in Opus Bank were worth $3,783,000 at the end of the most recent reporting period.
Several other institutional investors also recently added to or reduced their stakes in OPB. Shoals Capital Management LP bought a new position in Opus Bank in the 4th quarter worth approximately $11,754,000. BlackRock Inc. boosted its holdings in Opus Bank by 19.4% in the 3rd quarter. BlackRock Inc. now owns 3,107,763 shares of the financial services provider’s stock worth $85,153,000 after buying an additional 504,052 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Opus Bank by 8.7% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,327,935 shares of the financial services provider’s stock worth $63,785,000 after buying an additional 186,823 shares during the period. WINTON GROUP Ltd bought a new position in Opus Bank in the 4th quarter worth approximately $3,022,000. Finally, Peregrine Capital Management LLC boosted its holdings in Opus Bank by 81.7% in the 4th quarter. Peregrine Capital Management LLC now owns 297,773 shares of the financial services provider’s stock worth $5,833,000 after buying an additional 133,873 shares during the period. 97.74% of the stock is owned by hedge funds and other institutional investors.
Shares of NASDAQ:OPB opened at $21.64 on Wednesday. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.13. Opus Bank has a one year low of $17.79 and a one year high of $30.70. The firm has a market capitalization of $722.88 million, a price-to-earnings ratio of 16.91 and a beta of 1.25.
OPB has been the subject of several analyst reports. Zacks Investment Research raised shares of Opus Bank from a “sell” rating to a “hold” rating in a report on Wednesday, April 3rd. BidaskClub downgraded shares of Opus Bank from a “hold” rating to a “sell” rating in a report on Tuesday, March 26th. Finally, ValuEngine downgraded shares of Opus Bank from a “hold” rating to a “sell” rating in a report on Wednesday, March 20th. One analyst has rated the stock with a sell rating and three have issued a hold rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $20.00.
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Opus Bank Company 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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