Elizabeth Park Capital Advisors Ltd. buys $14 Million stake in Opus Bank (OPB)

Opus Bank (OPB) : Elizabeth Park Capital Advisors Ltd. scooped up 3,355 additional shares in Opus Bank during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 399,614 shares of Opus Bank which is valued at $14 Million.Opus Bank makes up approximately 5.45% of Elizabeth Park Capital Advisors Ltd.’s portfolio.

Other Hedge Funds, Including , Vanguard Group Inc boosted its stake in OPB in the latest quarter, The investment management firm added 122,459 additional shares and now holds a total of 599,372 shares of Opus Bank which is valued at $21 Million.United Services Automobile Association boosted its stake in OPB in the latest quarter, The investment management firm added 47,900 additional shares and now holds a total of 119,777 shares of Opus Bank which is valued at $4.2 Million. Opus Bank makes up approx 0.02% of United Services Automobile Association’s portfolio.Teachers Advisors Inc boosted its stake in OPB in the latest quarter, The investment management firm added 6,271 additional shares and now holds a total of 22,747 shares of Opus Bank which is valued at $784,544.American Century Companies Inc boosted its stake in OPB in the latest quarter, The investment management firm added 77,442 additional shares and now holds a total of 132,337 shares of Opus Bank which is valued at $4.6 Million. Opus Bank makes up approx 0.01% of American Century Companies Inc’s portfolio.Emerald Mutual Fund Advisers Trust reduced its stake in OPB by selling 7,207 shares or 1.06% in the most recent quarter. The Hedge Fund company now holds 674,971 shares of OPB which is valued at $24.4 Million. Opus Bank makes up approx 1.36% of Emerald Mutual Fund Advisers Trust’s portfolio.

Opus Bank opened for trading at $37.71 and hit $38.19 on the upside on Wednesday, eventually ending the session at $37.92, with a gain of 0.72% or 0.27 points. The heightened volatility saw the trading volume jump to 2,55,302 shares. Company has a market cap of $1,234 M.

Opus Bank is a California-chartered commercial bank. The Company provides relationship-based banking products services and solutions to small and mid-sized companies entrepreneurs real estate investors professionals and individuals. It is organized into four lines of business: commercial banking operations which is referred to as Commercial Bank; retail banking operations which is referred to as Retail Bank; merchant banking operations which is referred to as Merchant Bank and correspondent banking operations which is referred to as Correspondent Bank. Through these four lines of businesses it offers a range of conventional and specialized financial products and services to its clients through divisions such as commercial real estate banking; commercial banking; healthcare banking; technology banking; institutional syndications; fiduciary banking; business banking; corporate finance; private equity group; corporate advisory and correspondent banking.

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