First Manhattan Co. Continues to Hold Stake in MSB Financial Corp. (MSBF)
First Manhattan Co. held its position in shares of MSB Financial Corp. (NASDAQ:MSBF) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 7,845 shares of the savings and loans company’s stock at the end of the second quarter. First Manhattan Co.’s holdings in MSB Financial Corp. were worth $136,000 at the end of the most recent quarter.
MSB Financial Corp. (NASDAQ:MSBF) opened at 17.20 on Friday. MSB Financial Corp. has a 12 month low of $13.05 and a 12 month high of $18.00. The stock’s 50 day moving average price is $17.36 and its 200-day moving average price is $16.76. The firm has a market capitalization of $95.27 million, a price-to-earnings ratio of 47.65 and a beta of 0.03.
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A number of brokerages have recently weighed in on MSBF. ValuEngine raised MSB Financial Corp. from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. TheStreet raised MSB Financial Corp. from a “c” rating to a “b” rating in a research report on Thursday, June 8th.
In other news, Director Lawrence B. Seidman bought 34,330 shares of the stock in a transaction dated Wednesday, May 24th. The stock was bought at an average price of $16.95 per share, for a total transaction of $581,893.50. Following the purchase, the director now directly owns 30,000 shares in the company, valued at approximately $508,500. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Lawrence B. Seidman bought 91,207 shares of the stock in a transaction dated Tuesday, May 23rd. The stock was purchased at an average price of $16.95 per share, with a total value of $1,545,958.65. Following the purchase, the director now owns 30,000 shares in the company, valued at $508,500. The disclosure for this purchase can be found here. In the last 90 days, insiders bought 125,837 shares of company stock valued at $2,132,916. 20.73% of the stock is currently owned by company insiders.
About MSB Financial Corp.
MSB Financial Corp. is a federally chartered company. The Company’s holding subsidiary is Millington Savings Bank (the Bank), a chartered stock savings bank. The Bank is regulated by the New Jersey Department of Banking and Insurance, and the Federal Deposit Insurance Corporation. The Bank is engaged in attracting retail deposits from the general public and using those deposits, together with funds generated from operations principal repayments on securities and loans and borrowed funds for its lending and investing activities.
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