Mendon Capital Advisors Corp Buys First Horizon National Corp, Cannae Holdings Inc, First Busey Corp, Sells FB Financial Corp, Carolina Financial Corp, BayCom Corp

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Aug 05, 2020
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Rochester, NY, based Investment company Mendon Capital Advisors Corp (Current Portfolio) buys First Horizon National Corp, Cannae Holdings Inc, First Busey Corp, BankUnited Inc, Wintrust Financial Corp, sells FB Financial Corp, Carolina Financial Corp, BayCom Corp, Ameris Bancorp, Veritex Holdings Inc during the 3-months ended 2020Q2, according to the most recent filings of the investment company, Mendon Capital Advisors Corp. As of 2020Q2, Mendon Capital Advisors Corp owns 58 stocks with a total value of $194 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) - 550,000 shares, 7.01% of the total portfolio. Shares reduced by 41.77%
  2. Veritex Holdings Inc (VBTX) - 712,865 shares, 6.49% of the total portfolio. Shares reduced by 31.19%
  3. Live Oak Bancshares Inc (LOB) - 850,000 shares, 6.35% of the total portfolio. Shares reduced by 15.14%
  4. Ameris Bancorp (ABCB) - 513,785 shares, 6.24% of the total portfolio. Shares reduced by 30.44%
  5. Equity Bancshares Inc (EQBK) - 678,195 shares, 6.09% of the total portfolio. Shares reduced by 23.81%
New Purchase: Cannae Holdings Inc (CNNE)

Mendon Capital Advisors Corp initiated holding in Cannae Holdings Inc. The purchase prices were between $26.89 and $41.1, with an estimated average price of $34.2. The stock is now traded at around $38.63. The impact to a portfolio due to this purchase was 1.59%. The holding were 75,000 shares as of .

New Purchase: First Busey Corp (BUSE)

Mendon Capital Advisors Corp initiated holding in First Busey Corp. The purchase prices were between $15.03 and $20.79, with an estimated average price of $17.33. The stock is now traded at around $17.50. The impact to a portfolio due to this purchase was 1.58%. The holding were 164,562 shares as of .

New Purchase: BankUnited Inc (BKU)

Mendon Capital Advisors Corp initiated holding in BankUnited Inc. The purchase prices were between $13.99 and $24.4, with an estimated average price of $18.74. The stock is now traded at around $20.78. The impact to a portfolio due to this purchase was 1.25%. The holding were 120,000 shares as of .

New Purchase: Wintrust Financial Corp (WTFC)

Mendon Capital Advisors Corp initiated holding in Wintrust Financial Corp. The purchase prices were between $29.4 and $53.1, with an estimated average price of $39.79. The stock is now traded at around $42.87. The impact to a portfolio due to this purchase was 1.23%. The holding were 55,000 shares as of .

New Purchase: First BanCorp (FBP)

Mendon Capital Advisors Corp initiated holding in First BanCorp. The purchase prices were between $4.41 and $6.92, with an estimated average price of $5.42. The stock is now traded at around $5.63. The impact to a portfolio due to this purchase was 1.01%. The holding were 350,000 shares as of .

New Purchase: Popular Inc (BPOP)

Mendon Capital Advisors Corp initiated holding in Popular Inc. The purchase prices were between $31.75 and $44.91, with an estimated average price of $37.24. The stock is now traded at around $36.58. The impact to a portfolio due to this purchase was 0.94%. The holding were 49,358 shares as of .

Added: First Horizon National Corp (FHN)

Mendon Capital Advisors Corp added to a holding in First Horizon National Corp by 451.72%. The purchase prices were between $7.18 and $12.09, with an estimated average price of $9.07. The stock is now traded at around $9.31. The impact to a portfolio due to this purchase was 3.36%. The holding were 800,000 shares as of .

Added: Wells Fargo & Co (WFC)

Mendon Capital Advisors Corp added to a holding in Wells Fargo & Co by 225.00%. The purchase prices were between $22.53 and $33.32, with an estimated average price of $27.42. The stock is now traded at around $24.40. The impact to a portfolio due to this purchase was 1.18%. The holding were 130,000 shares as of .

Added: South State Corp (SSB)

Mendon Capital Advisors Corp added to a holding in South State Corp by 200.00%. The purchase prices were between $42.9 and $63.93, with an estimated average price of $52.38. The stock is now traded at around $51.92. The impact to a portfolio due to this purchase was 0.98%. The holding were 60,000 shares as of .

Added: Hilltop Holdings Inc (HTH)

Mendon Capital Advisors Corp added to a holding in Hilltop Holdings Inc by 196.07%. The purchase prices were between $13.5 and $21.37, with an estimated average price of $17.15. The stock is now traded at around $19.83. The impact to a portfolio due to this purchase was 0.63%. The holding were 100,000 shares as of .

Added: Reliant Bancorp Inc (RBNC)

Mendon Capital Advisors Corp added to a holding in Reliant Bancorp Inc by 57.98%. The purchase prices were between $9.74 and $17.08, with an estimated average price of $13.31. The stock is now traded at around $15.05. The impact to a portfolio due to this purchase was 0.48%. The holding were 156,162 shares as of .

Added: Ally Financial Inc (ALLY)

Mendon Capital Advisors Corp added to a holding in Ally Financial Inc by 25.39%. The purchase prices were between $11.98 and $23.62, with an estimated average price of $16.95. The stock is now traded at around $21.28. The impact to a portfolio due to this purchase was 0.35%. The holding were 168,316 shares as of .

Sold Out: Carolina Financial Corp (CARO)

Mendon Capital Advisors Corp sold out a holding in Carolina Financial Corp. The sale prices were between $24.72 and $35.09, with an estimated average price of $28.81.

Sold Out: BayCom Corp (BCML)

Mendon Capital Advisors Corp sold out a holding in BayCom Corp. The sale prices were between $10.38 and $15.16, with an estimated average price of $12.36.

Sold Out: Bank7 Corp (BSVN)

Mendon Capital Advisors Corp sold out a holding in Bank7 Corp. The sale prices were between $6.7 and $13.19, with an estimated average price of $9.19.

Sold Out: Investar Holding Corp (ISTR)

Mendon Capital Advisors Corp sold out a holding in Investar Holding Corp. The sale prices were between $10.27 and $16.29, with an estimated average price of $12.74.

Sold Out: Umpqua Holdings Corp (UMPQ)

Mendon Capital Advisors Corp sold out a holding in Umpqua Holdings Corp. The sale prices were between $9.43 and $13.5, with an estimated average price of $11.2.

Sold Out: U.S. Bancorp (USB)

Mendon Capital Advisors Corp sold out a holding in U.S. Bancorp. The sale prices were between $29.45 and $43.51, with an estimated average price of $35.61.



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