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

blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

The 10 Countries with the Highest Suicide Rates

The 10 Most Technologically Advanced Countries in the World

The 10 Safest Countries in the World to Live in Peace

The 10 Top Selling Smartphones in the World 2014

The 12 Biggest Shopping Centers in the World

The 10 Friendliest Countries in the World

Qihoo 360 Technology Co Ltd (QIHU), Actavis plc (ACT), Yahoo! Inc. (YHOO) Among 20 Long Ideas from Sohn Canada

The 10 Laziest Countries in the World

The 10 Most Polluted Countries in the World

The 10 Most Dangerous Cities in America 2014

The Top 10 Gold Producing Countries in the World

The 10 Tallest Buildings in the World

The 10 Richest Stand Up Comedians in the World

The 10 Fattest Countries in the World

The 5 Best Summer Jobs for Teens

The 10 Most Religious Countries in the World Keeping the Faith

The 10 Most Educated Countries in the World

The 10 Most Popular Cell Phones in the World

The 10 Drunkest Countries in the World

The 10 Most Expensive Private Schools in the World

The 10 Smallest Countries in the World

Walking Dead Season 5 Spoilers You’ll Wish You Didn’t Know

The 10 Poorest Countries in the World

The 10 Greenest Countries in the World

The Top 10 Countries with the Highest Population in the World

The 10 Most Visited Countries in the World

The Top 10 Star Wars Characters in the Iconic Series

The 10 Most Expensive Android Phones in the World

5 Reasons Why The Illuminati Is Real and a Threat to Society

The 6 Scariest Halloween Costumes Ever Screamed At

The 4 Biggest Hedge Fund Managers in the World Today

The 15 Most Densely Populated Countries in the World

The 10 Biggest Tea Drinking Countries in the World

Top 6 Ways to Improve Your Checkout Process and Close Sales

The 5 Most Profitable Online Businesses You Can Start Today

The 20 Most Profitable Hospitals in the US

The 5 Most Profitable Home Businesses to Start

The 7 Teams that Will Win the Stanley Cup in 2015

The Top 10 Most Expensive Digital Cameras to Snap Stunning Shots With

The 10 Highest Quality Fast Food Restaurants In America Today

The 8 Best Halloween Decorating Ideas to Spook Up Your House

10 Marvel Women that Should Get a Movie Right Now

The 20 Best Remixes of Popular Songs that Will Make You Forget the Originals

7 Most Expensive Cities in the World

5 Least Expensive Cities in the World

10 Celebrities Who Believe In Scientology

10 High Margin Food Products to Build a Business Around

The 10 Most Expensive Clothing Stores in the United States to Get Decked Out At

The 5 Biggest Kickstarter Scams That Swindled Backers’ Donations

The 10 Most Expensive Boarding Schools In the World

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!