Consector Capital Lp Lowers stake in Opus Bank (OPB)

Opus Bank (OPB) : Consector Capital Lp reduced its stake in Opus Bank by 0.09% during the most recent quarter end. The investment management company now holds a total of 84,965 shares of Opus Bank which is valued at $2,796,198 after selling 73 shares in Opus Bank , the firm said in a disclosure report filed with the SEC on Aug 12, 2016.Opus Bank makes up approximately 6.01% of Consector Capital Lp’s portfolio.

Other Hedge Funds, Including , Cornerstone Capital Management Holdings. reduced its stake in OPB by selling 1,200 shares or 2.7% in the most recent quarter. The Hedge Fund company now holds 43,234 shares of OPB which is valued at $1,422,831. Opus Bank makes up approx 0.01% of Cornerstone Capital Management Holdings.’s portfolio.United Services Automobile Association reduced its stake in OPB by selling 25,400 shares or 21.21% in the most recent quarter. The Hedge Fund company now holds 94,377 shares of OPB which is valued at $3,105,947. Opus Bank makes up approx 0.01% of United Services Automobile Association’s portfolio.New York State Common Retirement Fund boosted its stake in OPB in the latest quarter, The investment management firm added 67,904 additional shares and now holds a total of 78,604 shares of Opus Bank which is valued at $2,586,858. New York State Teachers Retirement System added OPB to its portfolio by purchasing 10,659 company shares during the most recent quarter which is valued at $389,586.

Opus Bank opened for trading at $34.14 and hit $34.83 on the upside on Monday, eventually ending the session at $34.22, with a gain of 0.23% or 0.08 points. The heightened volatility saw the trading volume jump to 73,570 shares. Company has a market cap of $1,113 M.

Many Wall Street Analysts have commented on Opus Bank. Credit Suisse Initiated Opus Bank on Jun 29, 2016 to “Outperform”, Price Target of the shares are set at $44.Hovde Group Initiated Opus Bank on Jun 3, 2016 to “Outperform”, Price Target of the shares are set at $44.

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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