Billionaire Wilbur Ross’ Favorite Stocks: Navigator Holdings Ltd (NVGS), Talmer Bancorp Inc (TLMR), Sun Bancorp, Inc. /NJ (SNBC)

Wilbur Ross maintained his stake in Talmer Bancorp Inc (NASDAQ:TLMR), holding 9.66 million shares with a market value of $161.88 million. It is a holding company for Talmer West Bank and Talmer Bank & Trust. Talmer Bancorp Inc (NASDAQ:TLMR) announced its second quarter financial results on July 30, posting earnings per share of $0.23 against market expectations of $0.21. Smart money held a slightly bearish outlook of Talmer Bancorp Inc (NASDAQ:TLMR) during the second quarter, with 15 hedge funds holding positions worth $254.63 million at the end of the second quarter against net positions of $278.68 million from 17 hedge funds three months earlier. The shares of Talmer Bancorp grew by 9.37% throughout the second quarter, indicating a notable selloff from hedge fund managers. RIMA Senvest Management, led by Richard Mashaal, was another major shareholder of Talmer Bancorp Inc (NASDAQ:TLMR), possessing 2.16 million shares valued at $36.16 million.

Sun Bancorp, Inc. /NJ (NASDAQ:SNBC) comes in at number three in the equity portfolio of Wilbur Ross, who reported ownership of 4.26 million shares with a market value of $81.93 million. The bank holding company provides banking services to consumers, small business owners, and mid-scale companies. Sun Bancorp, Inc. /NJ (NASDAQ:SNBC) operates through its principal subsidiary, Sun National Bank. The holding company announced its second quarter financial results on July 27, reporting earnings per share of $0.15, matching the analysts’ expectations. Smart money had a neutral outlook on Sun Bancorp, Inc. /NJ (NASDAQ:SNBC) during the second quarter, with aggregate holdings of $104.08 million from five hedge funds against prior quarter aggregate investments of $101.80 million. The shares of the holding company rose 1.8% during the second quarter, accounting for the slight uptick in aggregate holdings. Emanuel J. Friedman’s EJF Capital was a major stockholder of the company in our database, having a position worth $19.56 million from 1.02 million shares.

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