BlackRock Fund Advisors raised its position in shares of Opus Bank (NASDAQ:OPB) by 4.9% during the third quarter, according to its most recent filing with the SEC. The fund owned 1,200,650 shares of the company’s stock after buying an additional 55,777 shares during the period. BlackRock Fund Advisors owned about 3.50% of Opus Bank worth $42,467,000 at the end of the most recent reporting period.
Other large investors have also added to or reduced their stakes in the company. Tower Research Capital LLC TRC raised its position in Opus Bank by 363.5% in the second quarter. Tower Research Capital LLC TRC now owns 3,212 shares of the company’s stock worth $109,000 after buying an additional 2,519 shares in the last quarter. Mason Street Advisors LLC bought a new position in Opus Bank during the second quarter worth approximately $125,000. A.R.T. Advisors LLC bought a new position in Opus Bank during the second quarter worth approximately $248,000. Allianz Asset Management AG bought a new position in Opus Bank during the second quarter worth approximately $254,000. Finally, Bbva Compass Bancshares Inc. bought a new position in Opus Bank during the third quarter worth approximately $293,000. 93.82% of the stock is currently owned by institutional investors.
Opus Bank (NASDAQ:OPB) traded up 0.18% during trading on Friday, reaching $27.25. 277,746 shares of the company were exchanged. The firm has a 50-day moving average of $28.80 and a 200-day moving average of $30.05. The firm has a market cap of $879.58 million, a price-to-earnings ratio of 20.05 and a beta of 1.17. Opus Bank has a 52-week low of $18.20 and a 52-week high of $38.19.
Several research analysts have issued reports on the stock. Hovde Group lifted their price target on shares of Opus Bank from $25.00 to $31.00 and gave the stock an “outperform” rating in a research report on Monday, December 19th. Zacks Investment Research lowered shares of Opus Bank from a “hold” rating to a “strong sell” rating in a research report on Saturday, January 7th. TheStreet lowered shares of Opus Bank from a “buy” rating to a “hold” rating in a research report on Wednesday, October 19th. Credit Suisse Group lowered shares of Opus Bank from an “outperform” rating to a “neutral” rating in a research report on Monday, October 17th. Finally, Sandler O’Neill lowered shares of Opus Bank from a “buy” rating to a “hold” rating in a research report on Thursday, October 20th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $35.80.
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.
Want to see what other hedge funds are holding OPB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Opus Bank (NASDAQ:OPB).