Mendon Capital Advisors, a New York-based hedge fund, was founded by Anton Schutz. Mendon employs a long/short event-driven equity strategy focusing on banking equities in the United States. Anton Schutz’s banking expertise supports the fund’s approach, giving him a greater understanding of the franchises. In 2021, Anton Schutz’s Mendon Capital is placing a large bet on financial services companies. Year to year, the hedge fund’s top ten stock picks have outperformed the broader market index. So far this year, Live Oak Bancshares, Inc. has had a near-100 percent increase in its stock price.
Insider Monkey discusses the top 10 stock picks of Anton Schutz’s Mendon Capital. Anton Schutz made a good investment in PacWest Bancorp. The bank’s holding company’s stock has increased by 94 percent year to date. With a market capitalization of $5.5 billion, the company is a small-cap. Mendon Capital Advisors’ long-term stock investment is FB Financial Corporation. With 36 percent gains in 2021, it outperformed the larger market index. FB Financial Corporation is also a solid company because of its close to 1% dividend yield. As of the end of September, Origin Bancorp, Inc. had 9 percent annualized loan growth and 2.2 percent annualized deposit growth, totaling $6.16 billion. Since the beginning of the year, the company’s stock has increased by around 65 percent. On Anton Schutz’s Mendon Capital’s top 10 stock selections list, First BanCorp. is rated seventh. The stock has risen by more than 50% so far this year, and the firm recently increased its payout by 43%. Byline Bancorp, Inc. reported a net income of $25.3 million, or $0.66 per diluted share for the third quarter. The amount of long hedge fund positions has also risen in the small-cap banking company. For more details, click Top 10 Stock Picks Of Anton Schutz’s Mendon Capital.
