Anton Schutz’s Mendon Capital Advisors Portfolio: Top 5 Finance Stocks

3. Equity Bancshares, Inc. (NASDAQ:EQBK)

Mendon Capital Advisors’ Stake Value: $15,508,000

Percentage of Mendon Capital Advisors’ 13F Portfolio: 5.28%

Number of Hedge Fund Holders: 7

Anton Schutz’s Mendon Capital Advisors holds 464,611 shares in Equity Bancshares, Inc. (NASDAQ:EQBK), as of the second quarter of 2021. Representing 5.28% of Schutz’s Q2 portfolio, Equity Bancshares, Inc. (NASDAQ:EQBK) is a Kansas-based bank holding company, offering investment management services, house loans, digital banking, and commercial lending to customers across Kansas, Oklahoma, Arkansas, and Missouri. 

As of Q2, 7 hedge funds in the database of exclusive funds maintained by Insider Monkey reported owning stakes in Equity Bancshares, Inc. (NASDAQ:EQBK), worth $28.7 million. Mendon Capital Advisors is the leading stakeholder in the company, as of the second quarter. 

Equity Bancshares, Inc. (NASDAQ:EQBK), on October 19, reported earnings per share for the third quarter as $0.96, exceeding estimates by $0.24. Revenue for the period totaled $46.81 million, up 21.28% year-over-year. 

It was disclosed on October 25 that Equity Bancshares, Inc. (NASDAQ:EQBK) would enter into a purchase and assumption agreement with United Bank & Trust, based in Maryville, so that United Bank & Trust can assume control of the assets and operations of  Equity Bancshares, Inc. (NASDAQ:EQBK)’s branches in Concordia, Belleville, and Clyde. If regulatory approval is given, the merger will be completed by the second quarter of 2022.