Mendon Capital Advisors Corp Buys Far Point Acquisition Corp, Professional Holding Corp, Synovus Financial Corp, Sells Veritex Holdings Inc, Far Point Acquisition Corp, Ameris Bancorp

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May 11, 2020
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Rochester, NY, based Investment company Mendon Capital Advisors Corp (Current Portfolio) buys Far Point Acquisition Corp, Professional Holding Corp, Synovus Financial Corp, Ally Financial Inc, Umpqua Holdings Corp, sells Veritex Holdings Inc, Far Point Acquisition Corp, Ameris Bancorp, First Foundation Inc, Carolina Financial Corp during the 3-months ended 2020Q1, according to the most recent filings of the investment company, Mendon Capital Advisors Corp. As of 2020Q1, Mendon Capital Advisors Corp owns 52 stocks with a total value of $203 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. FB Financial Corp (FBK) - 944,522 shares, 9.18% of the total portfolio. Shares reduced by 16.21%
  2. Ameris Bancorp (ABCB) - 738,598 shares, 8.65% of the total portfolio. Shares reduced by 24.25%
  3. Equity Bancshares Inc (EQBK) - 890,164 shares, 7.57% of the total portfolio. Shares reduced by 6.47%
  4. Veritex Holdings Inc (VBTX) - 1,036,003 shares, 7.13% of the total portfolio. Shares reduced by 33.4%
  5. Live Oak Bancshares Inc (LOB) - 1,001,600 shares, 6.15% of the total portfolio. Shares reduced by 25.51%
New Purchase: Far Point Acquisition Corp (FPAC)

Mendon Capital Advisors Corp initiated holding in Far Point Acquisition Corp. The purchase prices were between $9.89 and $11.3, with an estimated average price of $10.48. The stock is now traded at around $10.17. The impact to a portfolio due to this purchase was 6.09%. The holding were 1,221,431 shares as of .

New Purchase: Professional Holding Corp (PFHD)

Mendon Capital Advisors Corp initiated holding in Professional Holding Corp. The purchase prices were between $14.24 and $20, with an estimated average price of $18.58. The stock is now traded at around $15.38. The impact to a portfolio due to this purchase was 2.17%. The holding were 275,730 shares as of .

New Purchase: Synovus Financial Corp (SNV)

Mendon Capital Advisors Corp initiated holding in Synovus Financial Corp. The purchase prices were between $12.74 and $40, with an estimated average price of $31.17. The stock is now traded at around $18.95. The impact to a portfolio due to this purchase was 2.12%. The holding were 245,000 shares as of .

New Purchase: Ally Financial Inc (ALLY)

Mendon Capital Advisors Corp initiated holding in Ally Financial Inc. The purchase prices were between $11.7 and $33.06, with an estimated average price of $26.51. The stock is now traded at around $15.38. The impact to a portfolio due to this purchase was 0.95%. The holding were 134,229 shares as of .

New Purchase: Umpqua Holdings Corp (UMPQ)

Mendon Capital Advisors Corp initiated holding in Umpqua Holdings Corp. The purchase prices were between $9.27 and $18.41, with an estimated average price of $15.67. The stock is now traded at around $10.96. The impact to a portfolio due to this purchase was 0.81%. The holding were 150,000 shares as of .

New Purchase: PNC Financial Services Group Inc (PNC)

Mendon Capital Advisors Corp initiated holding in PNC Financial Services Group Inc. The purchase prices were between $80.64 and $160.81, with an estimated average price of $135.33. The stock is now traded at around $102.31. The impact to a portfolio due to this purchase was 0.59%. The holding were 12,500 shares as of .

Added: Reliant Bancorp Inc (RBNC)

Mendon Capital Advisors Corp added to a holding in Reliant Bancorp Inc by 183.95%. The purchase prices were between $10.37 and $22.76, with an estimated average price of $19.34. The stock is now traded at around $13.17. The impact to a portfolio due to this purchase was 0.36%. The holding were 98,851 shares as of .

Added: Business First Bancshares Inc (BFST)

Mendon Capital Advisors Corp added to a holding in Business First Bancshares Inc by 30.48%. The purchase prices were between $9.64 and $26.5, with an estimated average price of $21.88. The stock is now traded at around $12.12. The impact to a portfolio due to this purchase was 0.06%. The holding were 35,575 shares as of .

Added: Limestone Bancorp Inc (LMST)

Mendon Capital Advisors Corp added to a holding in Limestone Bancorp Inc by 30.87%. The purchase prices were between $7.12 and $18, with an estimated average price of $15.27. The stock is now traded at around $12.58. The impact to a portfolio due to this purchase was 0.04%. The holding were 35,117 shares as of .

Sold Out: Far Point Acquisition Corp (FPAC.U)

Mendon Capital Advisors Corp sold out a holding in Far Point Acquisition Corp. The sale prices were between $10 and $12.27, with an estimated average price of $10.98.

Sold Out: First Foundation Inc (FFWM)

Mendon Capital Advisors Corp sold out a holding in First Foundation Inc. The sale prices were between $8.32 and $17.41, with an estimated average price of $14.89.

Sold Out: CrossFirst Bankshares Inc (CFB)

Mendon Capital Advisors Corp sold out a holding in CrossFirst Bankshares Inc. The sale prices were between $5.74 and $14.42, with an estimated average price of $12.13.

Sold Out: Southern First Bancshares Inc (SFST)

Mendon Capital Advisors Corp sold out a holding in Southern First Bancshares Inc. The sale prices were between $21.64 and $42.72, with an estimated average price of $37.45.

Sold Out: IBERIABANK Corp (IBKC)

Mendon Capital Advisors Corp sold out a holding in IBERIABANK Corp. The sale prices were between $27.04 and $78.22, with an estimated average price of $62.88.

Sold Out: Luther Burbank Corp (LBC)

Mendon Capital Advisors Corp sold out a holding in Luther Burbank Corp. The sale prices were between $7.53 and $11.84, with an estimated average price of $10.44.



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