Mendon Capital Advisors Corp Lowers stake in Opus Bank (OPB)

Opus Bank (OPB) : Mendon Capital Advisors Corp reduced its stake in Opus Bank by 4.75% during the most recent quarter end. The investment management company now holds a total of 425,320 shares of Opus Bank which is valued at $13,793,128 after selling 21,220 shares in Opus Bank , the firm said in a disclosure report filed with the SEC on Aug 3, 2016.Opus Bank makes up approximately 2.51% of Mendon Capital Advisors Corp’s portfolio.

Other Hedge Funds, Including , California Public Employees Retirement System reduced its stake in OPB by selling 300 shares or 3.3% in the most recent quarter. The Hedge Fund company now holds 8,800 shares of OPB which is valued at $285,384.1st Global Advisors boosted its stake in OPB in the latest quarter, The investment management firm added 1,198 additional shares and now holds a total of 8,421 shares of Opus Bank which is valued at $307,788. Opus Bank makes up approx 0.04% of 1st Global Advisors’s portfolio. Ls Investment Advisors added OPB to its portfolio by purchasing 620 company shares during the most recent quarter which is valued at $22,661.First National Bank Of Omaha boosted its stake in OPB in the latest quarter, The investment management firm added 25 additional shares and now holds a total of 15,900 shares of Opus Bank which is valued at $574,149. Opus Bank makes up approx 0.04% of First National Bank Of Omaha’s portfolio. Norman Fields Gottscho Capital Management added OPB to its portfolio by purchasing 20,000 company shares during the most recent quarter which is valued at $718,400. Opus Bank makes up approx 0.49% of Norman Fields Gottscho Capital Management’s portfolio.

Opus Bank opened for trading at $33.32 and hit $33.695 on the upside on Monday, eventually ending the session at $33.33, with a gain of 0.27% or 0.09 points. The heightened volatility saw the trading volume jump to 86,146 shares. Company has a market cap of $1,084 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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