A Nearly Overlooked Filing

I want to take one last look at this week's 13F filings because I noticed a firm popping up in many of the bank and financial stocks I am fond of buying. It is a firm I have not paid much attention to in the past but perhaps I should have. EJF Capital is a firm co-founded by Emanuel Friedman, who was also one of the co-founders of what is now brokerage and investment banking firm, FBR & Co. (FBRC). The firm does extensive research, trading and investment banking for smaller banks and their pedigree has spilled out into the hedge fund world. Martin Friedman of EJF Capital also came out of FBR to found a hedge fund specializing in small bank stocks.

In the aftermath of the credit crisis, the firm has done very well for itself by investing in undervalued securities that benefited from the clean-up process. They are apparently a big believer in my so-called "trade of the decade" as well. The firm owns a lot of small community bank stocks and has continued to buy into the first quarter of the year. As is the case with many of the funds that invest in community banks, most are too small to mention. However, one stock stands out and is worthy of deeper investigation....462 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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