Mendon Capital Advisors Corp Buys Cadence Bank, Cadence Bank, Third Coast Bancshares Inc, Sells First BanCorp, Cadence Bank, Cadence Bank

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Feb 18, 2022
Rochester, NY, based Investment company Mendon Capital Advisors Corp (Current Portfolio) buys Cadence Bank, Cadence Bank, Third Coast Bancshares Inc, Amerant Bancorp Inc, Customers Bancorp Inc, sells First BanCorp, Cadence Bank, Cadence Bank, , Amerant Bancorp Inc during the 3-months ended 2021Q4, according to the most recent filings of the investment company, Mendon Capital Advisors Corp. As of 2021Q4, Mendon Capital Advisors Corp owns 63 stocks with a total value of $348 million. These are the details of the buys and sells.

For the details of Mendon Capital Advisors Corp's stock buys and sells, go to https://www.gurufocus.com/guru/mendon+capital+advisors+corp/current-portfolio/portfolio

These are the top 5 holdings of Mendon Capital Advisors Corp
  1. Live Oak Bancshares Inc (LOB) - 325,000 shares, 8.15% of the total portfolio. Shares reduced by 7.14%
  2. Equity Bancshares Inc (EQBK) - 482,872 shares, 4.71% of the total portfolio. Shares added by 3.93%
  3. Spirit of Texas Bancshares Inc (STXB) - 505,662 shares, 4.18% of the total portfolio. Shares reduced by 1.15%
  4. Veritex Holdings Inc (VBTX) - 350,000 shares, 4.00% of the total portfolio. Shares reduced by 12.5%
  5. Cadence Bank (CADE) - 464,739 shares, 3.98% of the total portfolio. New Position
New Purchase: Cadence Bank (CADE)

Mendon Capital Advisors Corp initiated holding in Cadence Bank. The purchase prices were between $27.74 and $31.82, with an estimated average price of $30.2. The stock is now traded at around $31.710000. The impact to a portfolio due to this purchase was 3.98%. The holding were 464,739 shares as of 2021-12-31.

New Purchase: Cadence Bank (CADE)

Mendon Capital Advisors Corp initiated holding in Cadence Bank. The purchase prices were between $27.74 and $31.82, with an estimated average price of $30.2. The stock is now traded at around $31.710000. The impact to a portfolio due to this purchase was 3.98%. The holding were 464,739 shares as of 2021-12-31.

New Purchase: Third Coast Bancshares Inc (TCBX)

Mendon Capital Advisors Corp initiated holding in Third Coast Bancshares Inc. The purchase prices were between $25 and $28.46, with an estimated average price of $26.85. The stock is now traded at around $23.110000. The impact to a portfolio due to this purchase was 3.04%. The holding were 407,208 shares as of 2021-12-31.

New Purchase: Amerant Bancorp Inc (AMTB)

Mendon Capital Advisors Corp initiated holding in Amerant Bancorp Inc. The purchase prices were between $25.26 and $35.63, with an estimated average price of $29.5. The stock is now traded at around $33.020000. The impact to a portfolio due to this purchase was 1.89%. The holding were 190,000 shares as of 2021-12-31.

New Purchase: Customers Bancorp Inc (CUBI)

Mendon Capital Advisors Corp initiated holding in Customers Bancorp Inc. The purchase prices were between $43.79 and $65.71, with an estimated average price of $55.25. The stock is now traded at around $61.300000. The impact to a portfolio due to this purchase was 0.99%. The holding were 52,478 shares as of 2021-12-31.

New Purchase: FinWise Bancorp (FINW)

Mendon Capital Advisors Corp initiated holding in FinWise Bancorp. The purchase prices were between $12.6 and $13.79, with an estimated average price of $13.23. The stock is now traded at around $20.300000. The impact to a portfolio due to this purchase was 0.8%. The holding were 202,480 shares as of 2021-12-31.

Added: Old Second Bancorp Inc (OSBC)

Mendon Capital Advisors Corp added to a holding in Old Second Bancorp Inc by 125.35%. The purchase prices were between $12.03 and $13.99, with an estimated average price of $13.12. The stock is now traded at around $14.340000. The impact to a portfolio due to this purchase was 0.91%. The holding were 450,700 shares as of 2021-12-31.

Added: New York Community Bancorp Inc (NYCB)

Mendon Capital Advisors Corp added to a holding in New York Community Bancorp Inc by 78.62%. The purchase prices were between $11.55 and $14.11, with an estimated average price of $12.69. The stock is now traded at around $11.600000. The impact to a portfolio due to this purchase was 0.85%. The holding were 549,000 shares as of 2021-12-31.

Added: Coastal Financial Corp (CCB)

Mendon Capital Advisors Corp added to a holding in Coastal Financial Corp by 41.98%. The purchase prices were between $31 and $52.03, with an estimated average price of $41.67. The stock is now traded at around $46.830000. The impact to a portfolio due to this purchase was 0.64%. The holding were 150,000 shares as of 2021-12-31.

Added: Professional Holding Corp (PFHD)

Mendon Capital Advisors Corp added to a holding in Professional Holding Corp by 764.36%. The purchase prices were between $18.48 and $19.74, with an estimated average price of $19.08. The stock is now traded at around $20.900000. The impact to a portfolio due to this purchase was 0.6%. The holding were 123,837 shares as of 2021-12-31.

Added: Silvergate Capital Corp (SI)

Mendon Capital Advisors Corp added to a holding in Silvergate Capital Corp by 29.12%. The purchase prices were between $132.6 and $222.13, with an estimated average price of $172.09. The stock is now traded at around $119.100000. The impact to a portfolio due to this purchase was 0.56%. The holding were 58,104 shares as of 2021-12-31.

Added: Business First Bancshares Inc (BFST)

Mendon Capital Advisors Corp added to a holding in Business First Bancshares Inc by 42.78%. The purchase prices were between $23.87 and $28.86, with an estimated average price of $27.12. The stock is now traded at around $26.830000. The impact to a portfolio due to this purchase was 0.53%. The holding were 216,260 shares as of 2021-12-31.

Sold Out: First BanCorp (FBP)

Mendon Capital Advisors Corp sold out a holding in First BanCorp. The sale prices were between $12.7 and $14.71, with an estimated average price of $13.77.

Sold Out: Cadence Bank (CADE)

Mendon Capital Advisors Corp sold out a holding in Cadence Bank. The sale prices were between $20.1 and $23.03, with an estimated average price of $22.12.

Sold Out: Cadence Bank (CADE)

Mendon Capital Advisors Corp sold out a holding in Cadence Bank. The sale prices were between $20.1 and $23.03, with an estimated average price of $22.12.

Sold Out: (SLCT)

Mendon Capital Advisors Corp sold out a holding in . The sale prices were between $17.6 and $20.32, with an estimated average price of $19.08.

Sold Out: Amerant Bancorp Inc (AMTBB)

Mendon Capital Advisors Corp sold out a holding in Amerant Bancorp Inc. The sale prices were between $23.53 and $29.05, with an estimated average price of $26.02.

Sold Out: Enterprise Financial Services Corp (EFSC)

Mendon Capital Advisors Corp sold out a holding in Enterprise Financial Services Corp. The sale prices were between $45.79 and $49.52, with an estimated average price of $47.73.



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