trending Market Intelligence /marketintelligence/en/news-insights/trending/zesinf0sPUzPf910oC0Jcg2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

M3F adds 7 banking positions in Q2'19; Citizens Financial takes top spot

Part Two IFRS 9 Blog Series: The Need to Upgrade Analytical Tools

Street Talk Episode 56 - Latest bank MOE shows even the strong need scale to thrive

South State CenterState MOE Shows Even The Strong Need Scale To Thrive

Talking Bank Stocks, Playing The M&A Trade With Longtime Investor


M3F adds 7 banking positions in Q2'19; Citizens Financial takes top spot

M3F Inc., a Salt Lake City-based hedge fund manager, initiated seven new banking positions worth a combined $14.3 million during the second quarter, according to the firm's most recent Form 13F filing.

SNL Image

M3F's largest new stake, a $4.2 million position in Chambersburg, Pa.-based Franklin Financial Services Corp., became its 11th-largest investment overall as of June 30. M3F also picked up a new $2.6 million stake in Kansas City, Mo.-based UMB Financial Corp. and a $2.4 million investment in Lubbock, Texas-based South Plains Financial Inc., which became its 18th- and 19th-largest positions, respectively.

Founded in 2009, M3F focuses on common stock investments in the financial services industry. The principals are Jason Stock and William Waller.

SNL Image

Last quarter's top holding, Dallas-based Hilltop Holdings Inc., fell to second place after M3F cut its stake by 18.6%. Citizens Financial Group Inc. became the hedge fund manager's top holding at $10.6 million.

Overall, M3F's investments in financial institutions grew by 1.1% quarter over quarter to $111.4 million as of June 30.

SNL Image

Meanwhile, M3F exited nine positions during the second quarter, worth a combined $20.7 million as of March 31. The firm's largest exit was a $5.7 million stake in Montebello, N.Y.-based Sterling Bancorp, which was its fifth-largest investment at the end of the first quarter.

SNL Image

Click here to see M3F's financial stock investments as of June 30.