RLI Corp. (RLI) Forms $62.39 Double Top; Endeavour Capital Advisors Has Cut Opus Bk Irvine Calif (OPB) Stake By $11.22 Million

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RLI Corp. (RLI) formed double top with $66.13 target or 6.00% above today’s $62.39 share price. RLI Corp. (RLI) has $2.76B valuation. The stock decreased 1.66% or $1.05 during the last trading session, reaching $62.39. About 112,454 shares traded. RLI Corp. (NYSE:RLI) has risen 8.68% since April 7, 2017 and is uptrending. It has underperformed by 2.87% the S&P500.

Endeavour Capital Advisors Inc decreased Opus Bk Irvine Calif (OPB) stake by 64.41% reported in 2017Q4 SEC filing. Endeavour Capital Advisors Inc sold 415,669 shares as Opus Bk Irvine Calif (OPB)’s stock declined 1.06%. The Endeavour Capital Advisors Inc holds 229,667 shares with $6.27M value, down from 645,336 last quarter. Opus Bk Irvine Calif now has $1.00 billion valuation. The stock decreased 3.47% or $1 during the last trading session, reaching $27.85. About 188,694 shares traded. Opus Bank (NASDAQ:OPB) has risen 46.46% since April 7, 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 16.19 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.

Among 9 analysts covering Opus Bank (NASDAQ:OPB), 3 have Buy rating, 0 Sell and 6 Hold. Therefore 33% are positive. Opus Bank had 19 analyst reports since July 29, 2015 according to SRatingsIntel. The firm earned “Hold” rating on Tuesday, January 23 by Hovde Group. The stock of Opus Bank (NASDAQ:OPB) earned “Outperform” rating by Credit Suisse on Wednesday, June 29. The firm has “Outperform” rating by Hovde Group given on Friday, June 3. JP Morgan downgraded Opus Bank (NASDAQ:OPB) on Monday, January 30 to “Neutral” rating. The stock of Opus Bank (NASDAQ:OPB) has “Mkt Perform” rating given on Tuesday, October 25 by Keefe Bruyette & Woods. JMP Securities initiated Opus Bank (NASDAQ:OPB) on Friday, September 16 with “Mkt Perform” rating. The firm has “Hold” rating given on Friday, May 26 by Keefe Bruyette & Woods. The stock of Opus Bank (NASDAQ:OPB) earned “Outperform” rating by Hovde Group on Monday, December 19. The company was maintained on Monday, July 10 by Piper Jaffray. The stock of Opus Bank (NASDAQ:OPB) has “Hold” rating given on Thursday, December 21 by Keefe Bruyette & Woods.

Since January 4, 2018, it had 1 insider buy, and 3 selling transactions for $409,359 activity. STONE MICHAEL J sold 5,000 shares worth $326,780. RESTREPO ROBERT P JR bought 675 shares worth $43,490. 900 shares were sold by Diefenthaler Aaron Paul, worth $58,291 on Monday, January 29.

Analysts await RLI Corp. (NYSE:RLI) to report earnings on April, 18. They expect $0.50 earnings per share, up 13.64% or $0.06 from last year’s $0.44 per share. RLI’s profit will be $22.12M for 31.20 P/E if the $0.50 EPS becomes a reality. After $0.51 actual earnings per share reported by RLI Corp. for the previous quarter, Wall Street now forecasts -1.96% negative EPS growth.

Investors sentiment increased to 1.57 in Q4 2017. Its up 0.21, from 1.36 in 2017Q3. It is positive, as 7 investors sold RLI Corp. shares while 49 reduced holdings. 27 funds opened positions while 61 raised stakes. 37.42 million shares or 3.33% more from 36.22 million shares in 2017Q3 were reported. Bluecrest Capital Management Limited reported 11,355 shares. Glenmede Tru Na holds 0% or 10,612 shares in its portfolio. Cibc Asset Mgmt holds 3,713 shares or 0% of its portfolio. Chatham Cap Gru reported 11,775 shares stake. Bokf Na has invested 0.01% of its portfolio in RLI Corp. (NYSE:RLI). Blackrock holds 0.01% or 4.93 million shares in its portfolio. Employees Retirement System Of Texas invested 0.03% of its portfolio in RLI Corp. (NYSE:RLI). Profund Limited Company, Maryland-based fund reported 6,563 shares. Raymond James Fincl Serv Advsrs Inc, Florida-based fund reported 10,195 shares. Verition Fund Mgmt Ltd invested in 0.03% or 4,613 shares. Tower Research Cap Lc (Trc) holds 40 shares or 0% of its portfolio. Assetmark stated it has 26 shares. Stratos Wealth Prns has invested 0% in RLI Corp. (NYSE:RLI). Mason Street Advsrs Ltd Liability has invested 0.01% in RLI Corp. (NYSE:RLI). Polar Llp reported 306,900 shares.

RLI Corp. (NYSE:RLI) Institutional Positions Chart