WASHINGTON - Gould Investors L.P., a Great Neck, N.Y.-based investment partnership, said it raised its stake in BFS Bankorp to 36.71% - or 585,273 common shares.
In a Securities and Exchange Commission filing, Gould said it brought 40,000 additional shares between Oct. 26 and Nov. 5 for $ 15.75 to $ 18.125 a share.
Gould said it intends to buy additional shares. Under an agreement, it will not buy in excess of 50% of the company's voting securities. Under rules of the Office of Thrift Supervision, Gould is deemed in control of BFS, the parent of New York's Bankers Federal Savings.