Emanuel Friedman, EJF Capital Raise Exposure to Prudential Bancorp, Inc. (PBIP)

Emanuel J. Friedman’s fund EJF Capital has inched up its position in Prudential Bancorp, Inc. (NASDAQ:PBIP), a new filing with the Securities and Exchange Commission showed. EJF Capital now owns around 494,100 shares of the company, which represent 5.2% of the common stock. In its latest 13F filing, EJF Capital revealed holding 460,000 shares.

Prudential Bancorp

Prudential Bancorp, Inc. (NASDAQ:PBIP), the successor of Prudential Bancorp of Pennsylvania is a financial company engaged in savings and loans, operating through its wholly owned subsidiary, Prudential Savings Bank. The company at the end of last year conducted the conversion and formed the new Prudential Bancorp. In addition, last year, the company conducted an offering, selling a total of over 7.14 million shares at a price of $10.00 apiece.

For the first quarter of its fiscal 2014, ended December 31, the company reported a net income of $338,000, equal to $0.04 per diluted share, up from $0.03 posted for the same period of last year. The stock of Prudential Bancorp, Inc. (NASDAQ:PBIP) advanced by around 15% during the past 12 months, and trails a P/E of 56.xx, which is one of the highest among its peers in the industry of Savings & Loans Banks, and much higher than the industry average of 19.xx.

Out of the funds tracked by InsiderMonkey, several disclosed holding shares of Prudential Bancorp, Inc. (NASDAQ:PBIP) as at the end of last year. The highest stake was held by Firefly Value Partners, led by Ryan Heslop and Ariel Warszawski, which owned almost 475,300 shares. Jim Simons‘ Renaissance Technologies has initiated a stake in the company, holding around 103,200 shares, while Michael Price‘s MFP Investors edged down its stake to 89,900 shares.

Mr. Friedman’s EJF Capital is a fund that is focused primarily on investing in Financial stocks. Its largest holding is represented by American Homes 4 Rent (NYSE:AMH), in which the fund owns roughly 11.71 million shares, worth $189.66 million, followed by PHH Corporation (NYSE:PHH) with 4.96 million shares, and Starwood Property Trust, Inc. (NYSE:STWD) with 4.34 million shares, the positions being worth $120.85 million and $120.21 million respectively.

Disclosure: none

Recommended Reading:

EJF Capital Raises Stake in Regional Management Corp (RM) to 10%

EJF Capital Ups Stake in Cape Bancorp - Insider Monkey

EJF Capital Buys Two Banks: SouthCrest & Tri-County

Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

The 10 Largest Pharmaceutical Companies In the World

The 10 Most Expensive Android Apps

The 9 Most Expensive Designer Bags in the World

The 7 Most Expensive Real Estate in the World

The 10 Most Expensive eBay Items Ever Sold

The 10 Most Expensive iPhone Apps

The 9 Most Expensive Designer Shoes in the World

The 10 Most Expensive Cigarette Brands

The 10 Most Expensive Law Schools in the US

The 10 Best Wall Street Movies

The 10 Most Expensive Golf Clubs Ever Sold

The 10 Most Expensive Golf Memberships

The 10 Best Disney Characters Ever Created

The 8 Best Foods for Gaining Weight

The 10 Most Expensive Colleges in the World

The 7 Most Memorable Ad Campaigns of All Time

The 7 Most Expensive High Schools in the World

The 10 Electric Vehicles with the Longest Range

The 10 Cities with the Worst Drivers in the World

The 10 Most Expensive Dresses Ever Created

10 Islands to Visit Before You Die

10 Famous Celebrities Who Needed Rehab

The 15 Countries with the Largest Oil Reserves

The 10 Most Overused Excuses in the World

The 5 Best iOS Apps You Can’t Get on Android

5 Companies Damaged By Social Media Blunders

The 10 Most Legendary Blues Songs

The 10 Most Lawless Places in the World

4 Reasons China is a Threat to the US

The 17 Most Sugary Drinks in the World

The 10 Most Ruthless Rulers in History

The 10 Greatest Generals in History

Top 8 Travel Destinations for 2015

The 10 Safest Dog Breeds for Children

The 10 Most Stolen Vehicles in the US

The 7 Most Expensive Celebrity Weddings

The 10 Best LoL Teams in the World

Top 10 Worst Marketing Campaigns Ever Produced

Top 5 Diets that Help You Lose Weight

The 10 Best Ways to Stay Awake

7 Artists That Switched Musical Genres

The 10 Most Expensive Cities to Live in New Jersey

The 10 Best High Schools in New York

The 10 Countries With the Least Gender Inequality

The 6 Biggest Musician-Manager Feuds

The 10 Countries with the Cheapest Gas Prices

The 7 Most Theatrical Bands of All Time

The 8 Worst Band Breakups of All Time

The 10 Most Important South American Leaders

The 7 Most Successful Casting Show Winners

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!