John W. Rosenthal Capital Management, Inc. Buys SVB Financial Group, The Bancorp Inc, United Bankshares Inc, Sells Carolina Financial Corp, Sierra Bancorp, SPDR SERIES TRUST

• New Purchases: SIVB, UBSI, WTFC, CPF, SONA,
• Added Positions: TBBK, BANR, AX, FCBP, BWB, AMNB, OCFC, RVSB,
• Reduced Positions: WASH, FLIC, MOFG, GABC, BMTC, LKFN, HFWA, TMP, BANF, FBIZ, CASH, FBAK, BWFG, ABTX, CFB, EBTC, WTBA, BMBN,
• Sold Out: CARO, BSRR, KRE, ISTR, FIBK, BFST, AUBN, QNBC, BDGE, BHLB, BHRB,

For the details of John W. Rosenthal Capital Management, Inc.'s stock buys and sells, go to https://www.gurufocus.com/guru/john+w.+rosenthal+capital+management%2C+inc./current-portfolio/portfolio

1. Lakeland Financial Corp (LKFN) - 100,000 shares, 6.23% of the total portfolio. Shares reduced by 11.61%
2. Stock Yards Bancorp Inc (SYBT) - 86,438 shares, 4.65% of the total portfolio.
3. BancFirst Corp (BANF) - 75,000 shares, 4.07% of the total portfolio. Shares reduced by 11.76%
4. CommerceWest Bank (CWBK) - 146,000 shares, 3.61% of the total portfolio.
5. SVB Financial Group (SIVB) - 11,750 shares, 3.39% of the total portfolio. New Position

John W. Rosenthal Capital Management, Inc. initiated holding in SVB Financial Group. The purchase prices were between $139.34 and $236.04, with an estimated average price of $191.8. The stock is now traded at around $250.38. The impact to a portfolio due to this purchase was 3.39%. The holding were 11,750 shares as of .

John W. Rosenthal Capital Management, Inc. initiated holding in United Bankshares Inc. The purchase prices were between $21.96 and $32.31, with an estimated average price of $26.78. The stock is now traded at around $28.69. The impact to a portfolio due to this purchase was 1.85%. The holding were 50,000 shares as of .

John W. Rosenthal Capital Management, Inc. initiated holding in Wintrust Financial Corp. The purchase prices were between $29.4 and $53.1, with an estimated average price of $39.79. The stock is now traded at around $46.36. The impact to a portfolio due to this purchase was 0.68%. The holding were 11,700 shares as of .

John W. Rosenthal Capital Management, Inc. initiated holding in Central Pacific Financial Corp. The purchase prices were between $13.41 and $19.81, with an estimated average price of $15.89. The stock is now traded at around $16.80. The impact to a portfolio due to this purchase was 0.28%. The holding were 13,333 shares as of .

John W. Rosenthal Capital Management, Inc. initiated holding in Southern National Bancorp of Virginia Inc. The purchase prices were between $8.14 and $11.73, with an estimated average price of $9.63. The stock is now traded at around $9.13. The impact to a portfolio due to this purchase was 0.26%. The holding were 20,000 shares as of .

John W. Rosenthal Capital Management, Inc. added to a holding in The Bancorp Inc by 187.65%. The purchase prices were between $4.7 and $10.98, with an estimated average price of $7.5. The stock is now traded at around $10.06. The impact to a portfolio due to this purchase was 1.96%. The holding were 229,936 shares as of .

John W. Rosenthal Capital Management, Inc. added to a holding in Banner Corp by 99.00%. The purchase prices were between $28.62 and $43.96, with an estimated average price of $35.52. The stock is now traded at around $37.64. The impact to a portfolio due to this purchase was 0.92%. The holding were 36,182 shares as of .

John W. Rosenthal Capital Management, Inc. added to a holding in Axos Financial Inc by 59.64%. The purchase prices were between $14.86 and $25.25, with an estimated average price of $20.3. The stock is now traded at around $24.89. The impact to a portfolio due to this purchase was 0.62%. The holding were 56,212 shares as of .

John W. Rosenthal Capital Management, Inc. added to a holding in First Choice Bancorp by 200.00%. The purchase prices were between $11.91 and $18.65, with an estimated average price of $14.56. The stock is now traded at around $15.80. The impact to a portfolio due to this purchase was 0.24%. The holding were 16,500 shares as of .

John W. Rosenthal Capital Management, Inc. added to a holding in American National Bankshares Inc by 66.07%. The purchase prices were between $20.27 and $29.44, with an estimated average price of $23.93. The stock is now traded at around $24.40. The impact to a portfolio due to this purchase was 0.18%. The holding were 12,455 shares as of .

John W. Rosenthal Capital Management, Inc. added to a holding in Riverview Bancorp Inc by 25.00%. The purchase prices were between $4.2 and $6.12, with an estimated average price of $5.09. The stock is now traded at around $4.58. The impact to a portfolio due to this purchase was 0.08%. The holding were 50,000 shares as of .

John W. Rosenthal Capital Management, Inc. sold out a holding in Carolina Financial Corp. The sale prices were between $24.72 and $35.09, with an estimated average price of $28.81.

John W. Rosenthal Capital Management, Inc. sold out a holding in Sierra Bancorp. The sale prices were between $15.3 and $21.39, with an estimated average price of $18.03.

John W. Rosenthal Capital Management, Inc. sold out a holding in SPDR SERIES TRUST. The sale prices were between $29.52 and $46.02, with an estimated average price of $36.51.

John W. Rosenthal Capital Management, Inc. sold out a holding in Investar Holding Corp. The sale prices were between $10.27 and $16.29, with an estimated average price of $12.74.

John W. Rosenthal Capital Management, Inc. sold out a holding in First Interstate BancSystem Inc. The sale prices were between $26.44 and $34.91, with an estimated average price of $30.52.

John W. Rosenthal Capital Management, Inc. sold out a holding in Business First Bancshares Inc. The sale prices were between $11 and $17.36, with an estimated average price of $13.5.