Five Financial Stocks Under $10 Poised To Explode

3. Hudson City Bancorp, Inc. (NASDAQ:HCBK)

Investors with Long Positions (as of June 30): 34

Aggregate Value of Investors’ Holdings (as of June 30): $657.90 Million

The popularity of the $5.02 billion community and consumer-oriented retail savings bank increased slightly during the second quarter in terms of total hedge fund ownership. This came despite a 2.8% decline in the stock price during the quarter, while so far this year Hudson City Bancorp, Inc. (NASDAQ:HCBK)’s stock is trading down by about 8.4%. As far as recent performance of the company is concerned, Hudson City managed to beat the bottom line estimates for its second quarter results by delivering EPS of $0.07 compared to the expected $0.01, but revenues of $56.6 million were not only $13.18 million lower than estimates, but also marked about a 52% slide on a year-over-year basis. Clint Carlson‘s Carlson Capital, Hudson City Bancorp, Inc. (NASDAQ:HCBK) top shareholder within our database, increased its holding by 4% during the second trimester to 10.46 million shares.