Jacobs Asset Management, Llc Buys PennyMac Financial Services Inc, SPDR Select Sector Fund - Financial, Encore Capital Group Inc, Sells CenterState Bank Corp, Regions Financial Corp, Citizens Financial Group Inc

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May 15, 2020
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New York, NY, based Investment company Jacobs Asset Management, Llc (Current Portfolio) buys PennyMac Financial Services Inc, SPDR Select Sector Fund - Financial, Encore Capital Group Inc, PRA Group Inc, Hilltop Holdings Inc, sells CenterState Bank Corp, Regions Financial Corp, Citizens Financial Group Inc, Ally Financial Inc, TCF Financial Corp during the 3-months ended 2020Q1, according to the most recent filings of the investment company, Jacobs Asset Management, Llc. As of 2020Q1, Jacobs Asset Management, Llc owns 41 stocks with a total value of $275 million. These are the details of the buys and sells.

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

These are the top 5 holdings of JACOBS ASSET MANAGEMENT, LLC
  1. Popular Inc (BPOP) - 491,900 shares, 6.25% of the total portfolio. Shares added by 9.34%
  2. Hancock Whitney Corp (HWC) - 869,075 shares, 6.16% of the total portfolio.
  3. Southern Missouri Bancorp Inc (SMBC) - 591,515 shares, 5.21% of the total portfolio. Shares reduced by 0.81%
  4. Ameris Bancorp (ABCB) - 500,000 shares, 4.31% of the total portfolio. Shares reduced by 11.84%
  5. PJT Partners Inc (PJT) - 268,438 shares, 4.23% of the total portfolio. Shares reduced by 18.8%
New Purchase: PennyMac Financial Services Inc (PFSI)

Jacobs Asset Management, Llc initiated holding in PennyMac Financial Services Inc. 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 $28.78. The impact to a portfolio due to this purchase was 3.9%. The holding were 485,300 shares as of .

New Purchase: SPDR Select Sector Fund - Financial (XLF)

Jacobs Asset Management, Llc initiated holding in SPDR Select Sector Fund - Financial. The purchase prices were between $17.66 and $31.17, with an estimated average price of $27.83. The stock is now traded at around $21.19. The impact to a portfolio due to this purchase was 3.02%. The holding were 400,000 shares as of .

New Purchase: Hilltop Holdings Inc (HTH)

Jacobs Asset 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 2.54%. The holding were 461,895 shares as of .

New Purchase: Kearny Financial Corp (KRNY)

Jacobs Asset 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 2.41%. The holding were 771,759 shares as of .

New Purchase: MGIC Investment Corp (MTG)

Jacobs Asset Management, Llc initiated holding in MGIC Investment Corp. The purchase prices were between $5.31 and $14.52, with an estimated average price of $12.17. The stock is now traded at around $6.78. The impact to a portfolio due to this purchase was 2.13%. The holding were 925,813 shares as of .

New Purchase: SLM Corp (SLM)

Jacobs Asset Management, Llc initiated holding in SLM Corp. The purchase prices were between $6.45 and $12.28, with an estimated average price of $9.67. The stock is now traded at around $7.40. The impact to a portfolio due to this purchase was 2.02%. The holding were 775,000 shares as of .

Added: Encore Capital Group Inc (ECPG)

Jacobs Asset Management, Llc added to a holding in Encore Capital Group Inc by 4723.45%. The purchase prices were between $16.84 and $40.05, with an estimated average price of $33.76. The stock is now traded at around $31.27. The impact to a portfolio due to this purchase was 2.91%. The holding were 350,279 shares as of .

Added: PRA Group Inc (PRAA)

Jacobs Asset Management, Llc added to a holding in PRA Group Inc by 437.95%. The purchase prices were between $23.57 and $39.04, with an estimated average price of $34.94. The stock is now traded at around $32.41. The impact to a portfolio due to this purchase was 2.61%. The holding were 319,386 shares as of .

Added: Ambac Financial Group Inc (AMBC)

Jacobs Asset Management, Llc added to a holding in Ambac Financial Group Inc by 309.15%. The purchase prices were between $9.36 and $22.7, with an estimated average price of $19.3. The stock is now traded at around $12.83. The impact to a portfolio due to this purchase was 2.08%. The holding were 613,722 shares as of .

Added: First BanCorp (FBP)

Jacobs Asset Management, Llc added to a holding in First BanCorp by 88.21%. The purchase prices were between $3.73 and $10.59, with an estimated average price of $8.3. The stock is now traded at around $4.64. The impact to a portfolio due to this purchase was 1.75%. The holding were 1,929,104 shares as of .

Added: Oaktree Specialty Lending Corp (OCSL)

Jacobs Asset Management, Llc added to a holding in Oaktree Specialty Lending Corp by 21.61%. The purchase prices were between $2.36 and $5.65, with an estimated average price of $4.89. The stock is now traded at around $4.00. The impact to a portfolio due to this purchase was 0.26%. The holding were 1,246,543 shares as of .

Sold Out: CenterState Bank Corp (CSFL)

Jacobs Asset Management, Llc sold out a holding in CenterState Bank Corp. The sale prices were between $15.78 and $24.98, with an estimated average price of $21.79.

Sold Out: Regions Financial Corp (RF)

Jacobs Asset Management, Llc sold out a holding in Regions Financial Corp. The sale prices were between $7.36 and $17.16, with an estimated average price of $14.13.

Sold Out: Citizens Financial Group Inc (CFG)

Jacobs Asset Management, Llc sold out a holding in Citizens Financial Group Inc. The sale prices were between $15.32 and $40.87, with an estimated average price of $32.97.

Sold Out: Ally Financial Inc (ALLY)

Jacobs Asset Management, Llc sold out a holding in Ally Financial Inc. The sale prices were between $11.7 and $33.06, with an estimated average price of $26.51.

Sold Out: Santander Consumer USA Holdings Inc (SC)

Jacobs Asset Management, Llc sold out a holding in Santander Consumer USA Holdings Inc. The sale prices were between $10.11 and $27.06, with an estimated average price of $22.38.

Sold Out: Independent Bank Corp (Ionia MI) (IBCP)

Jacobs Asset Management, Llc sold out a holding in Independent Bank Corp (Ionia MI). The sale prices were between $9.63 and $22.81, with an estimated average price of $19.55.



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