Fortress Investment Group LLC Position in Opus Bk Irvine Calif (OPB) Lowered as Shares Declined

April 16, 2018 - By Louis Casey

Opus Bank (NASDAQ:OPB) Logo

Michael Novogratz decreased its stake in Opus Bk Irvine Calif (OPB) by 3.24% based on its latest 2017Q4 regulatory filing with the SEC. Fortress Investment Group Llc sold 119,450 shares as the company’s stock declined 1.06% with the market. The hedge fund run by Michael Novogratz held 3.57 million shares of the company at the end of 2017Q4, valued at $97.34M, down from 3.69M at the end of the previous reported quarter. Fortress Investment Group Llc who had been investing in Opus Bk Irvine Calif for a number of months, seems to be less bullish one the $1.02 billion market cap company. The stock increased 0.18% or $0.05 during the last trading session, reaching $28.35. About 22,969 shares traded. Opus Bank (NASDAQ:OPB) has risen 46.46% since April 16, 2017 and is uptrending. It has outperformed by 34.91% the S&P500.

Analysts await Opus Bank (NASDAQ:OPB) to report earnings on April, 23. They expect $0.43 earnings per share, up 79.17 % or $0.19 from last year’s $0.24 per share. OPB’s profit will be $15.49M for 16.48 P/E if the $0.43 EPS becomes a reality. After $0.26 actual earnings per share reported by Opus Bank for the previous quarter, Wall Street now forecasts 65.38 % EPS growth.

Opus Bank (NASDAQ:OPB) Ratings Coverage

Among 3 analysts covering Opus Bank (NASDAQ:OPB), 0 have Buy rating, 0 Sell and 3 Hold. Therefore 0 are positive. Opus Bank had 5 analyst reports since December 21, 2017 according to SRatingsIntel. On Friday, April 6 the stock rating was maintained by Hovde Group with “Hold”. The rating was maintained by Keefe Bruyette & Woods on Thursday, December 21 with “Hold”. PiperJaffray downgraded the shares of OPB in report on Tuesday, January 23 to “Neutral” rating. The stock of Opus Bank (NASDAQ:OPB) earned “Hold” rating by Hovde Group on Tuesday, January 23. The firm has “Hold” rating by Keefe Bruyette & Woods given on Monday, February 26.

Opus Bank (NASDAQ:OPB) Ratings Chart

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