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Clover Partners Soldifies Position in Alliance Bancorp Inc of Pennsylvania

Clover Partners have revealed in a new filing with the Securities and Exchange Commission that it has boosted its position in Alliance Bancorp Inc of Pennsylvania (NASDAQ:ALLB). The fund upped the stake to 335,690 shares, after disclosing around 155,300 shares in its latest 13F.  The new stake amasses 6.9% of the company’s common stock and its value amounts to $5.1 million, at the current share price of the company.

Alliance Bancorp of Pennsylvania

A couple of days ago, Richard Lashley’s PL Capital reported that it will nominate a person to the board of Alliance Bancorp of Pennsylvania. The candidature of Mr. Howard Henick will be proposed for vote to the company’s shareholders at the next-year’s shareholders meeting. PL Capital’s stake amasses 438,500 shares, or 9% of the company.

Another major shareholder of the company is Ryan Heslop and Ariel Warszawski‘s Firefly Value Partners, which according to the latest 13F, holds over 307,000 shares, worth almost $4.5 million.

In the latest 13F filing, Texas-based Clover Partners reported its equity portfolio as at the end of the third quarter. The portfolio consists mostly of financial companies, and among the largest positions, the fund mentioned: Meridian Interstate Bancorp, Inc.(NASDAQ:EBSB), with a holding of 471,900 shares, worth around $10.3 million; followed by Fox Chase Bancorp, Inc. (NASDAQ:FXCB), and Heritage Financial Group Inc (NASDAQ:HBOS), in which Clover Partners reported holding 569,500 shares, and 539,600 shares respectively, with values of around $9.9 million, and 9.4 million.

Around a month ago, Clover disclosed increasing its stake in OBA Financial Services Inc (NASDAQ:OBAF) to 6.6%.

Disclosure: none

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