Below is the list of the top 5 stock picks of Anton Schutz’s Mendon Capital. For a comprehensive list and detailed discussion about Anton Schutz’s investment strategy, please see the Top 10 Stock Picks of Anton Schutz’s Mendon Capital.
5. Spirit of Texas Bancshares, Inc. (NASDAQ:STXB)
Mendon Capital’s Stake Value: $12.3 million
Percentage of Mendon Capital’s 13F Portfolio: 4.21%
Number of Hedge Fund Holders: 9
Anton Schutz’s Mendon Capital lifted its existing stake in Spirit of Texas Bancshares, Inc. (NASDAQ:STXB) during the September quarter. The commercial and retail banking services provider is a member of Mendon’s 13F portfolio since the second quarter of 2018. Its shares are up 50% year to date and the company offers a dividend of 1.79%. The company posted $31 million in third-quarter revenue while net income stood at around $10.5 million.
According to Insider Monkey data, Mendon Capital Advisors is the leading stakeholder in a small-cap company. As of June, it was in 9 hedge funds’ portfolios.
4. The First Bancshares, Inc. (NASDAQ:FBMS)
Mendon Capital’s Stake Value: $13.1 million
Percentage of Mendon Capital’s 13F Portfolio: 4.48%
Number of Hedge Fund Holders: 9
With a market cap of roughly $900 million, Hattiesburg, Mississippi-based The First Bancshares, Inc. (NASDAQ:FBMS) is the oldest member of Mendon Capital’s 13F portfolio. The firm first initiated a position in the company in 2012. As of the end of September, The First Bancshares is ranked at the fourth spot on the list of top 10 stock picks list.
Like Mendon Capital, Royce & Associates, JCSD Capital and Winton Capital Management are the leading stakeholders in the company. The number of long hedge funds’ positions increased by 1 to 9 in The First Bancshares as of June.
3. Equity Bancshares, Inc. (NASDAQ:EQBK)
Mendon Capital’s Stake Value: $15.5 million
Percentage of Mendon Capital’s 13F Portfolio: 5.28%
Number of Hedge Fund Holders: 7
Equity Bancshares, Inc. (NASDAQ:EQBK) has been a member of Anton Schutz’s Mendon Capital portfolio over the past five years. Approximately 464,611 shares of Equity Bancshares were held by the firm as of September. The company is engaged in providing banking, financial, and mortgage banking services to individual and corporate customers. Equity Bancshares offers a small dividend yield of 0.24%. However, its share price soared close to 80% in the last twelve months, thanks to improving financial numbers.
Equity Bancshares is a small-cap with a market cap of $488 million. The number of long hedge funds’ positions was at 7 as of June.
2. Veritex Holdings, Inc. (NASDAQ:VBTX)
Mendon Capital’s Stake Value: $15.74 million
Percentage of Mendon Capital’s 13F Portfolio: 5.36%
Number of Hedge Fund Holders: 9
In the past twelve months, Veritex Holdings, Inc. (NASDAQ:VBTX), the second-largest holding in Mendon Capital’s top 10 stock picks list, generated substantial returns for investors, both in terms of share price and dividends. Its shares soared more than 90% in the past twelve months amid improving financial numbers and strengthening market trends. It currently offers a dividend yield of 1.83%.
Hedge funds sentiment also increased in Veritex lately. It was in 9 hedge funds’ portfolios as of June compared to 6 positions in the prior quarter. JCSD Capital is among the leading stakeholder in the company.
1. Live Oak Bancshares, Inc. (NASDAQ:LOB)
Mendon Capital’s Stake Value: $22.2 million
Percentage of Mendon Capital’s 13F Portfolio: 7.58%
Number of Hedge Fund Holders: 11
Live Oak Bancshares, Inc. (NASDAQ:LOB) is the largest stock holding of Anton Schutz’s Mendon Capital, according to the latest filings. The company is offering banking services to small businesses and professionals. In the September quarter, its total loan and lease portfolio grew 3.8% year over year to $6.46 billion. The company posted earnings per share of $0.76 for the third quarter on revenue of $103 million.
Of the 873 hedge funds covered by Insider Monkey, Live Oak Bancshares was in 11 hedge funds’ portfolios as of June.
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