Castine Capital Management, Llc Buys ConnectOne Bancorp Inc, Kearny Financial Corp, California Bancorp, Sells Hancock Whitney Corp, Zions Bancorp NA, People's United Financial Inc

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May 15, 2020
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Boston, MA, based Investment company Castine Capital Management, Llc (Current Portfolio) buys ConnectOne Bancorp Inc, Kearny Financial Corp, California Bancorp, Hilltop Holdings Inc, Sterling Bancorp, sells Hancock Whitney Corp, Zions Bancorp NA, People's United Financial Inc, Synovus Financial Corp, TCF Financial Corp during the 3-months ended 2020Q1, according to the most recent filings of the investment company, Castine Capital Management, Llc. As of 2020Q1, Castine Capital Management, Llc owns 34 stocks with a total value of $182 million. These are the details of the buys and sells.

For the details of CASTINE CAPITAL MANAGEMENT, LLC's stock buys and sells, go to https://www.gurufocus.com/guru/castine+capital+management%2C+llc/current-portfolio/portfolio

These are the top 5 holdings of CASTINE CAPITAL MANAGEMENT, LLC
  1. Ameris Bancorp (ABCB) - 611,558 shares, 8.00% of the total portfolio. Shares added by 14.37%
  2. Sterling Bancorp (STL) - 1,373,262 shares, 7.90% of the total portfolio. Shares added by 54.04%
  3. Citizens Financial Group Inc (CFG) - 700,000 shares, 7.25% of the total portfolio. Shares added by 38.90%
  4. QCR Holdings Inc (QCRH) - 414,375 shares, 6.18% of the total portfolio. Shares reduced by 5.28%
  5. ConnectOne Bancorp Inc (CNOB) - 806,553 shares, 5.97% of the total portfolio. Shares added by 245.49%
New Purchase: Kearny Financial Corp (KRNY)

Castine Capital Management, Llc initiated holding in Kearny Financial Corp. The purchase prices were between $7.73 and $13.83, with an estimated average price of $11.59. The stock is now traded at around $7.84. The impact to a portfolio due to this purchase was 4.04%. The holding were 853,824 shares as of .

New Purchase: California Bancorp (CALB)

Castine Capital Management, Llc initiated holding in California Bancorp. The purchase prices were between $10 and $21, with an estimated average price of $18.36. The stock is now traded at around $15.45. The impact to a portfolio due to this purchase was 3.33%. The holding were 517,077 shares as of .

New Purchase: Hilltop Holdings Inc (HTH)

Castine Capital Management, Llc initiated holding in Hilltop Holdings Inc. The purchase prices were between $11.83 and $25.15, with an estimated average price of $21.3. The stock is now traded at around $13.98. The impact to a portfolio due to this purchase was 3.16%. The holding were 379,361 shares as of .

New Purchase: HarborOne Bancorp Inc (HONE)

Castine Capital Management, Llc initiated holding in HarborOne Bancorp Inc. The purchase prices were between $6.56 and $11.12, with an estimated average price of $10.07. The stock is now traded at around $7.42. The impact to a portfolio due to this purchase was 2.43%. The holding were 585,467 shares as of .

New Purchase: Professional Holding Corp (PFHD)

Castine Capital Management, Llc initiated holding in Professional Holding Corp. The purchase prices were between $14.24 and $20, with an estimated average price of $18.58. The stock is now traded at around $15.15. The impact to a portfolio due to this purchase was 1.63%. The holding were 185,000 shares as of .

New Purchase: Reliant Bancorp Inc (RBNC)

Castine Capital Management, Llc initiated holding in Reliant Bancorp Inc. The purchase prices were between $10.37 and $22.76, with an estimated average price of $19.34. The stock is now traded at around $11.69. The impact to a portfolio due to this purchase was 0.24%. The holding were 38,888 shares as of .

Added: ConnectOne Bancorp Inc (CNOB)

Castine Capital Management, Llc added to a holding in ConnectOne Bancorp Inc by 245.49%. The purchase prices were between $9.59 and $25.96, with an estimated average price of $21.25. The stock is now traded at around $11.70. The impact to a portfolio due to this purchase was 4.24%. The holding were 806,553 shares as of .

Added: Sterling Bancorp (STL)

Castine Capital Management, Llc added to a holding in Sterling Bancorp by 54.04%. The purchase prices were between $7.48 and $21.19, with an estimated average price of $17.41. The stock is now traded at around $10.01. The impact to a portfolio due to this purchase was 2.77%. The holding were 1,373,262 shares as of .

Added: Citizens Financial Group Inc (CFG)

Castine Capital Management, Llc added to a holding in Citizens Financial Group Inc by 38.90%. The purchase prices were between $15.32 and $40.87, with an estimated average price of $32.97. The stock is now traded at around $20.15. The impact to a portfolio due to this purchase was 2.03%. The holding were 700,000 shares as of .

Added: Eagle Bancorp Montana Inc (EBMT)

Castine Capital Management, Llc added to a holding in Eagle Bancorp Montana Inc by 166.57%. The purchase prices were between $12.25 and $22.71, with an estimated average price of $19.52. The stock is now traded at around $16.08. The impact to a portfolio due to this purchase was 0.71%. The holding were 126,238 shares as of .

Added: HMN Financial Inc (HMNF)

Castine Capital Management, Llc added to a holding in HMN Financial Inc by 21.67%. The purchase prices were between $15.52 and $21.41, with an estimated average price of $19.99. The stock is now traded at around $14.00. The impact to a portfolio due to this purchase was 0.69%. The holding were 393,150 shares as of .

Added: Provident Financial Holdings Inc (PROV)

Castine Capital Management, Llc added to a holding in Provident Financial Holdings Inc by 186.73%. The purchase prices were between $12.27 and $22.3, with an estimated average price of $19.81. The stock is now traded at around $12.31. The impact to a portfolio due to this purchase was 0.32%. The holding were 58,802 shares as of .

Sold Out: Hancock Whitney Corp (HWC)

Castine Capital Management, Llc sold out a holding in Hancock Whitney Corp. The sale prices were between $15.4 and $44.1, with an estimated average price of $34.89.

Sold Out: Zions Bancorp NA (ZION)

Castine Capital Management, Llc sold out a holding in Zions Bancorp NA. The sale prices were between $24.08 and $52.44, with an estimated average price of $41.58.

Sold Out: People's United Financial Inc (PBCT)

Castine Capital Management, Llc sold out a holding in People's United Financial Inc. The sale prices were between $10.7 and $16.9, with an estimated average price of $14.92.

Sold Out: Synovus Financial Corp (SNV)

Castine Capital Management, Llc sold out a holding in Synovus Financial Corp. The sale prices were between $12.74 and $40, with an estimated average price of $31.17.

Sold Out: PNC Financial Services Group Inc (PNC)

Castine Capital Management, Llc sold out a holding in PNC Financial Services Group Inc. The sale prices were between $80.64 and $160.81, with an estimated average price of $135.33.

Sold Out: Provident Bancorp Inc (PVBC)

Castine Capital Management, Llc sold out a holding in Provident Bancorp Inc. The sale prices were between $7.96 and $12.52, with an estimated average price of $11.11.



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