It is trading at $25.90 barely above the 50 day moving average which is $24.02 and impressively higher than the 200 day moving average of $23.14. The 50 day moving average moved up $1.88 and the 200 day average was up $2.76. Trading volume for Opus Bank was 158K by the end of trading on Tuesday. Overall, volume was down 10.49% under the stocks normal daily volume.
Investors are more bullish on Opus Bank of late as implied by the downtick in short interest. The stock recorded a fall in short interest of -0.52% as of the latest report on October 13, 2017. Short interest decreased 8,146 over that period. With short interest at 1,559,942 and short average daily volume at 141,937, days to cover is 11.0 and the percentage of shorted shares is 0.04% as of October 13.
Additionally, here are a few investment firms who have increased or decreased their stake in (OPB). Strs Ohio expanded its position by buying 1,800 shares an increase of 6.0% in the quarter. Strs Ohio claims 31,600 shares valued at $758,000. The total value of its holdings increased 5.1%. As of quarter end First Trust Advisors Lp had sold a total of 10,673 shares trimming its stake by 18.3%. The value of the investment in (OPB) decreased from $1,412,000 to $1,144,000 a change of $268,000 for the reporting period.
As of the end of the quarter Peregrine Capital Management LLC had acquired 5,998 shares growing its position 2.3%. The value of the investment in Opus Bank went from $6,382,000 to $6,473,000 a change of 1.4% quarter over quarter. As of quarter end Aperio Group, LLC had disposed of a total of 4,821 shares trimming its holdings by 31.0%. The value in dollars went from $377,000 to $258,000 decreasing 31.6% quarter to quarter.
The most current P/E ratio is 242.06 and the market cap of the company is 968.38M. As of the latest earnings report the EPS was $0.11 and is projected to be $1.56 for the current year with 37,389,000 shares presently outstanding. Analysts expect next quarter’s EPS to be $0.36 with next year’s EPS anticipated to be $1.64.
Opus Bank, launched on September 23, 2010, 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 Business’s Commercial Bank consists of various divisions: 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. Through these divisions, the Company offers lending and deposit products and services to its clients that are targeted to meet their banking needs. It provides financing and banking solutions tailored to the needs of companies in the healthcare industry, including loans and lines for working capital, expansion, acquisitions, consolidation and transition, with a focus on professional practices, including physicians, dentists, veterinarians, and ophthalmologists in group or private practices, and healthcare providers, including pharmacies, outpatient or imaging centers, assisted living, skilled or memory care nursing facilities, community hospitals, and management service organizations. Technology Banking provides a range of banking products, services and solutions to later-stage technology companies, including to clients in the software, hardware, information technology services and semiconductor sectors..