Opus Bank (NASDAQ:OPB) Shares Sold by Hennessy Advisors Inc.

Hennessy Advisors Inc. trimmed its holdings in shares of Opus Bank (NASDAQ:OPB) by 6.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 220,000 shares of the financial services provider’s stock after selling 15,000 shares during the period. Hennessy Advisors Inc. owned 0.64% of Opus Bank worth $5,691,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Bank of Montreal Can raised its holdings in shares of Opus Bank by 122.3% during the second quarter. Bank of Montreal Can now owns 3,373 shares of the financial services provider’s stock worth $71,000 after purchasing an additional 1,856 shares during the period. Atria Investments LLC acquired a new stake in shares of Opus Bank during the second quarter worth $150,000. Envestnet Asset Management Inc. acquired a new stake in shares of Opus Bank during the second quarter worth $200,000. Voya Investment Management LLC acquired a new stake in shares of Opus Bank during the third quarter worth $200,000. Finally, State of Tennessee Treasury Department raised its holdings in shares of Opus Bank by 8.5% during the third quarter. State of Tennessee Treasury Department now owns 9,628 shares of the financial services provider’s stock worth $210,000 after purchasing an additional 757 shares during the period. 96.66% of the stock is currently owned by institutional investors.

A number of analysts have weighed in on the stock. Zacks Investment Research cut shares of Opus Bank from a “hold” rating to a “sell” rating in a report on Tuesday, October 15th. ValuEngine cut shares of Opus Bank from a “hold” rating to a “sell” rating in a report on Monday, October 21st. TheStreet raised shares of Opus Bank from a “c” rating to a “b-” rating in a report on Monday, October 28th. BidaskClub cut shares of Opus Bank from a “hold” rating to a “sell” rating in a report on Tuesday, January 7th. Finally, Stephens initiated coverage on shares of Opus Bank in a report on Wednesday, December 11th. They issued an “overweight” rating and a $30.00 price objective on the stock. Three investment analysts have rated the stock with a sell rating and two have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $26.67.

OPB stock opened at $25.50 on Wednesday. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.32. Opus Bank has a fifty-two week low of $17.94 and a fifty-two week high of $26.70. The firm’s 50-day simple moving average is $25.77 and its 200 day simple moving average is $23.13. The stock has a market cap of $864.78 million, a PE ratio of 19.92 and a beta of 1.34.

Opus Bank (NASDAQ:OPB) last released its quarterly earnings data on Monday, October 28th. The financial services provider reported $0.58 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.35 by $0.23. Opus Bank had a net margin of 11.12% and a return on equity of 5.67%. The business had revenue of $62.63 million for the quarter, compared to analysts’ expectations of $63.70 million. During the same quarter last year, the company earned $0.25 EPS. Equities analysts forecast that Opus Bank will post 1.62 EPS for the current fiscal year.

About Opus Bank

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

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