Endicott Management’s Top Picks in Q4

In its latest 13F, Robert I. Usdan and Wayne K. Goldstein’s Endicott Management has disclosed its holdings as held at the end of the fourth quarter of 2013. The value of the fund’s equity portfolio amounted to over $234.64 million, up from $223.71 million in the previous quarter. In this piece, we will discuss the top five holdings in term of value that the fund held in its equity portfolio at the end of last year.

Sterling Bancorp (NYSE:STL)

Sterling Bancorp (NYSE:STL) is the first one. Endicott Management disclosed ownership of around 2.45 million shares, with a reported value of nearly $32.74 million. Sterling Bancorp (NYSE:STL) is a bank holding and also a financial holding company which focuses primarily on New York, New Jersey and Connecticut. Early this month, the New York based company released its financial results for the first fiscal quarter ended December 2013. The bank exited the quarter with a net loss of $20 per share.

The next is First Merchants Corporation (NASDAQ:FRME), in which the fund holds 1.41 million shares, worth over $32.06 million. The United States based financial holding company declared a cash dividend of $0.5 per share, payable March 21, 2014.

The third position is held by Bancorp Inc (NASDAQ:TBBK), in which Endicott Management revealed holding 1.66 million shares, with a reported value of around $29.66 million. This compares to 1.66 million shares, the fund held in the third quarter of 2013.

Bridge Capital Holdings (NASDAQ:BBNK) is the fourth-largest holding, in which the fund disclosed owning approximately 1.43 million shares, valued at $29.44 million. Bridge Capital Holdings (NASADQ:BBNK) is a bank holding company based in California.

On the fifth spot is 1st United Bancorp Inc (NASDAQ:FUBC). The fund disclosed holding 2.99 million shares, worth nearly $22.72 million. The fund held 2.99 million of the Florida based financial holding company.

Disclosure:none

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