Basswood Capital Management, L.l.c. Buys Bank of America Corp, PennyMac Financial Services Inc, Independent Bank Group Inc, Sells East West Bancorp Inc, Citigroup Inc, OneMain Holdings Inc

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May 15, 2020
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New York, NY, based Investment company Basswood Capital Management, L.l.c. (Current Portfolio) buys Bank of America Corp, PennyMac Financial Services Inc, Independent Bank Group Inc, Axos Financial Inc, M/I Homes Inc, sells East West Bancorp Inc, Citigroup Inc, OneMain Holdings Inc, Toll Brothers Inc, Air Lease Corp during the 3-months ended 2020Q1, according to the most recent filings of the investment company, Basswood Capital Management, L.l.c.. As of 2020Q1, Basswood Capital Management, L.l.c. owns 99 stocks with a total value of $856 million. These are the details of the buys and sells.

For the details of BASSWOOD CAPITAL MANAGEMENT, L.L.C.'s stock buys and sells, go to https://www.gurufocus.com/guru/basswood+capital+management%2C+l.l.c./current-portfolio/portfolio

These are the top 5 holdings of BASSWOOD CAPITAL MANAGEMENT, L.L.C.
  1. JPMorgan Chase & Co (JPM) - 523,424 shares, 5.50% of the total portfolio. Shares added by 4.28%
  2. Bridge Bancorp Inc (BDGE) - 1,994,463 shares, 4.93% of the total portfolio.
  3. U.S. Bancorp (USB) - 1,152,063 shares, 4.63% of the total portfolio.
  4. Bank of America Corp (BAC) - 1,848,918 shares, 4.58% of the total portfolio. Shares added by 58.95%
  5. Wells Fargo & Co (WFC) - 1,315,649 shares, 4.41% of the total portfolio. Shares added by 1.77%
New Purchase: D.R. Horton Inc (DHI)

Basswood Capital Management, L.l.c. initiated holding in D.R. Horton Inc. The purchase prices were between $28.78 and $62.05, with an estimated average price of $52.18. The stock is now traded at around $46.72. The impact to a portfolio due to this purchase was 0.73%. The holding were 183,528 shares as of .

New Purchase: Fly Leasing Ltd (FLY)

Basswood Capital Management, L.l.c. initiated holding in Fly Leasing Ltd. The purchase prices were between $4.01 and $19.65, with an estimated average price of $15.52. The stock is now traded at around $5.34. The impact to a portfolio due to this purchase was 0.44%. The holding were 534,909 shares as of .

New Purchase: American Express Co (AXP)

Basswood Capital Management, L.l.c. initiated holding in American Express Co. The purchase prices were between $68.96 and $136.93, with an estimated average price of $117.01. The stock is now traded at around $81.85. The impact to a portfolio due to this purchase was 0.38%. The holding were 38,193 shares as of .

New Purchase: TCF Financial Corp (TCF)

Basswood Capital Management, L.l.c. initiated holding in TCF Financial Corp. The purchase prices were between $18.35 and $47.11, with an estimated average price of $37.92. The stock is now traded at around $23.43. The impact to a portfolio due to this purchase was 0.21%. The holding were 81,181 shares as of .

New Purchase: Richmond Mutual Bancorp Inc (RMBI)

Basswood Capital Management, L.l.c. initiated holding in Richmond Mutual Bancorp Inc. The purchase prices were between $9.3 and $15.96, with an estimated average price of $13.8. The stock is now traded at around $9.51. The impact to a portfolio due to this purchase was 0.01%. The holding were 7,874 shares as of .

Added: Bank of America Corp (BAC)

Basswood Capital Management, L.l.c. added to a holding in Bank of America Corp by 58.95%. The purchase prices were between $18.08 and $35.64, with an estimated average price of $30.21. The stock is now traded at around $21.39. The impact to a portfolio due to this purchase was 1.7%. The holding were 1,848,918 shares as of .

Added: PennyMac Financial Services Inc (PFSI)

Basswood Capital Management, L.l.c. added to a holding in PennyMac Financial Services Inc by 266.70%. The purchase prices were between $16.9 and $38.97, with an estimated average price of $32.29. The stock is now traded at around $28.47. The impact to a portfolio due to this purchase was 1.68%. The holding were 894,162 shares as of .

Added: Independent Bank Group Inc (IBTX)

Basswood Capital Management, L.l.c. added to a holding in Independent Bank Group Inc by 472.16%. The purchase prices were between $20.7 and $56.66, with an estimated average price of $46.35. The stock is now traded at around $27.57. The impact to a portfolio due to this purchase was 1.57%. The holding were 687,248 shares as of .

Added: Axos Financial Inc (AX)

Basswood Capital Management, L.l.c. added to a holding in Axos Financial Inc by 135.41%. The purchase prices were between $14.59 and $30.45, with an estimated average price of $25.36. The stock is now traded at around $18.71. The impact to a portfolio due to this purchase was 1.38%. The holding were 1,132,069 shares as of .

Added: M/I Homes Inc (MHO)

Basswood Capital Management, L.l.c. added to a holding in M/I Homes Inc by 387.89%. The purchase prices were between $9.7 and $47.49, with an estimated average price of $36.46. The stock is now traded at around $25.52. The impact to a portfolio due to this purchase was 1.28%. The holding were 835,578 shares as of .

Added: Lennar Corp (LEN)

Basswood Capital Management, L.l.c. added to a holding in Lennar Corp by 49.62%. The purchase prices were between $29.35 and $71.22, with an estimated average price of $58.69. The stock is now traded at around $50.13. The impact to a portfolio due to this purchase was 1.15%. The holding were 780,911 shares as of .

Sold Out: East West Bancorp Inc (EWBC)

Basswood Capital Management, L.l.c. sold out a holding in East West Bancorp Inc. The sale prices were between $25.74 and $50.93, with an estimated average price of $41.93.

Sold Out: Texas Capital Bancshares Inc (TCBI)

Basswood Capital Management, L.l.c. sold out a holding in Texas Capital Bancshares Inc. The sale prices were between $19.29 and $58.16, with an estimated average price of $46.82.

Sold Out: Southern National Bancorp of Virginia Inc (SONA)

Basswood Capital Management, L.l.c. sold out a holding in Southern National Bancorp of Virginia Inc. The sale prices were between $7.88 and $16.35, with an estimated average price of $14.09.

Sold Out: OP Bancorp (OPBK)

Basswood Capital Management, L.l.c. sold out a holding in OP Bancorp. The sale prices were between $6.51 and $10.37, with an estimated average price of $9.14.

Sold Out: Wintrust Financial Corp (WTFC)

Basswood Capital Management, L.l.c. sold out a holding in Wintrust Financial Corp. The sale prices were between $24.31 and $71.07, with an estimated average price of $56.1.

Sold Out: William Lyon Homes (WLH)

Basswood Capital Management, L.l.c. sold out a holding in William Lyon Homes. The sale prices were between $19.98 and $24.37, with an estimated average price of $22.2.



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