Lawson Kroeker Investment Management Inc. NE Has $4.72 Million Holdings in Opus Bank (OPB)

Lawson Kroeker Investment Management Inc. NE boosted its holdings in Opus Bank (NASDAQ:OPB) by 7.0% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 172,205 shares of the financial services provider’s stock after buying an additional 11,230 shares during the period. Opus Bank accounts for approximately 1.5% of Lawson Kroeker Investment Management Inc. NE’s holdings, making the stock its 25th biggest position. Lawson Kroeker Investment Management Inc. NE owned about 0.50% of Opus Bank worth $4,718,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Victory Capital Management Inc. boosted its holdings in shares of Opus Bank by 15.9% during the 2nd quarter. Victory Capital Management Inc. now owns 12,985 shares of the financial services provider’s stock valued at $373,000 after purchasing an additional 1,781 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in shares of Opus Bank by 2.5% during the 1st quarter. Principal Financial Group Inc. now owns 132,134 shares of the financial services provider’s stock valued at $3,700,000 after purchasing an additional 3,169 shares during the last quarter. Prudential Financial Inc. lifted its holdings in shares of Opus Bank by 8.1% in the 1st quarter. Prudential Financial Inc. now owns 43,231 shares of the financial services provider’s stock valued at $1,211,000 after acquiring an additional 3,225 shares during the last quarter. Citadel Advisors LLC lifted its holdings in shares of Opus Bank by 13.3% in the 2nd quarter. Citadel Advisors LLC now owns 28,165 shares of the financial services provider’s stock valued at $808,000 after acquiring an additional 3,315 shares during the last quarter. Finally, UBS Group AG lifted its holdings in shares of Opus Bank by 186.0% in the 1st quarter. UBS Group AG now owns 5,832 shares of the financial services provider’s stock valued at $163,000 after acquiring an additional 3,793 shares during the last quarter. Institutional investors and hedge funds own 98.04% of the company’s stock.

Shares of NASDAQ:OPB traded down $0.72 during trading on Friday, reaching $25.61. The company’s stock had a trading volume of 222,400 shares, compared to its average volume of 160,931. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.13. Opus Bank has a 12 month low of $23.80 and a 12 month high of $30.95. The company has a market cap of $939.16 million, a price-to-earnings ratio of 17.19 and a beta of 0.92.

Opus Bank (NASDAQ:OPB) last announced its quarterly earnings results on Monday, July 23rd. The financial services provider reported $0.40 EPS for the quarter, beating the Zacks’ consensus estimate of $0.34 by $0.06. Opus Bank had a net margin of 16.83% and a return on equity of 5.96%. The firm had revenue of $62.45 million during the quarter, compared to the consensus estimate of $68.65 million. During the same quarter last year, the firm earned $0.21 EPS. As a group, equities analysts forecast that Opus Bank will post 1.47 EPS for the current year.

A number of brokerages recently commented on OPB. BidaskClub raised shares of Opus Bank from a “sell” rating to a “hold” rating in a report on Thursday. ValuEngine raised shares of Opus Bank from a “hold” rating to a “buy” rating in a report on Tuesday, July 10th. Zacks Investment Research downgraded shares of Opus Bank from a “hold” rating to a “strong sell” rating in a report on Friday, June 15th. Finally, FIG Partners downgraded shares of Opus Bank from an “outperform” rating to a “market-perform” rating in a report on Monday, July 23rd. Six research analysts have rated the stock with a hold rating, The company currently has a consensus rating of “Hold” and an average target price of $30.80.

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.

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

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