Mount Kellett Capital Management Lp Exits Position in Opus Bank (OPB)

Opus Bank (OPB) : Mount Kellett Capital Management Lp has sold out all of its stake in Opus Bank during the most recent quarter, according to the disclosure filed by the company on Aug 15, 2016 with the SEC. The investment management company has sold out 69,400 shares of Opus Bank which is valued at $2,283,954.

Other Hedge Funds, Including , Aqr Capital Management boosted its stake in OPB in the latest quarter, The investment management firm added 66,755 additional shares and now holds a total of 159,510 shares of Opus Bank which is valued at $5,249,474. Opus Bank makes up approx 0.01% of Aqr Capital Management’s portfolio. State Of Tennessee Treasury Department added OPB to its portfolio by purchasing 15,031 company shares during the most recent quarter which is valued at $494,670.Blackrock Investment Management boosted its stake in OPB in the latest quarter, The investment management firm added 35,298 additional shares and now holds a total of 94,470 shares of Opus Bank which is valued at $3,109,008. Lasalle Street Capital Management added OPB to its portfolio by purchasing 7,783 company shares during the most recent quarter which is valued at $281,044. Opus Bank makes up approx 0.26% of Lasalle Street Capital Management’s portfolio.

Opus Bank closed down -0.18 points or -0.52% at $34.74 with 1,16,923 shares getting traded on Thursday. Post opening the session at $35.05, the shares hit an intraday low of $34 and an intraday high of $35.12 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

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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