MUFG Securities EMEA plc Invests $1.37 Million in Opus Bank (OPB) Stock

MUFG Securities EMEA plc acquired a new position in shares of Opus Bank (NASDAQ:OPB) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 70,000 shares of the financial services provider’s stock, valued at approximately $1,371,000. MUFG Securities EMEA plc owned 0.20% of Opus Bank at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Geode Capital Management LLC boosted its holdings in shares of Opus Bank by 16.9% in the 4th quarter. Geode Capital Management LLC now owns 254,402 shares of the financial services provider’s stock valued at $4,983,000 after purchasing an additional 36,769 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Opus Bank by 7.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,500,420 shares of the financial services provider’s stock valued at $48,983,000 after purchasing an additional 172,485 shares in the last quarter. United Services Automobile Association boosted its holdings in shares of Opus Bank by 26.5% in the 4th quarter. United Services Automobile Association now owns 11,342 shares of the financial services provider’s stock valued at $222,000 after purchasing an additional 2,373 shares in the last quarter. Great West Life Assurance Co. Can boosted its holdings in shares of Opus Bank by 32.3% in the 4th quarter. Great West Life Assurance Co. Can now owns 33,657 shares of the financial services provider’s stock valued at $609,000 after purchasing an additional 8,208 shares in the last quarter. Finally, Northern Trust Corp boosted its holdings in shares of Opus Bank by 0.3% in the 4th quarter. Northern Trust Corp now owns 265,542 shares of the financial services provider’s stock valued at $5,201,000 after purchasing an additional 887 shares in the last quarter. Hedge funds and other institutional investors own 98.99% of the company’s stock.

Shares of OPB stock opened at $21.66 on Friday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.92 and a current ratio of 0.90. Opus Bank has a fifty-two week low of $17.79 and a fifty-two week high of $30.95. The firm has a market capitalization of $742.42 million, a price-to-earnings ratio of 16.92 and a beta of 1.27.

Opus Bank (NASDAQ:OPB) last released its quarterly earnings data on Monday, January 28th. The financial services provider reported $0.27 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.28 by ($0.01). Opus Bank had a net margin of 10.74% and a return on equity of 4.79%. The firm had revenue of $53.81 million for the quarter, compared to analyst estimates of $62.95 million. During the same period last year, the business earned $0.26 EPS. On average, analysts forecast that Opus Bank will post 1.34 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 21st. Investors of record on Thursday, February 7th were issued a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 2.03%. The ex-dividend date of this dividend was Wednesday, February 6th. Opus Bank’s dividend payout ratio (DPR) is 34.38%.

A number of equities research analysts have weighed in on the company. BidaskClub raised Opus Bank from a “hold” rating to a “buy” rating in a report on Friday, March 1st. Zacks Investment Research raised Opus Bank from a “strong sell” rating to a “hold” rating in a report on Wednesday, December 26th. One equities research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $25.00.

COPYRIGHT VIOLATION NOTICE: “MUFG Securities EMEA plc Invests $1.37 Million in Opus Bank (OPB) Stock” was first posted by WKRB News and is the sole property of of WKRB News. If you are accessing this story on another publication, it was stolen and reposted in violation of United States and international copyright legislation. The correct version of this story can be accessed at https://www.wkrb13.com/2019/03/17/mufg-securities-emea-plc-invests-1-37-million-in-opus-bank-opb-stock.html.

About Opus Bank

Opus Bank provides various banking products, services, and solutions for small to mid-sized companies, entrepreneurs, real estate investors, professionals, and high net worth individuals. It offers demand deposits, checking accounts, money market accounts, savings accounts, and certificates of deposit.

Featured Story: How much can an individual set aside as a catch-up contribution?

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).

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.