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

2. Veritex Holdings, Inc. (NASDAQ:VBTX)

Mendon Capital Advisors’ Stake Value: $15,744,000

Percentage of Mendon Capital Advisors’ 13F Portfolio: 5.36%

Number of Hedge Fund Holders: 9

Veritex Holdings, Inc. (NASDAQ:VBTX) represents 5.36% of Anton Schutz’s Mendon Capital Advisors’ Q2 portfolio, making it one of the firm’s top finance stocks. Veritex Holdings, Inc. (NASDAQ:VBTX), via its subsidiary Veritex Community Bank, specializes in commercial banking products and services, aimed at small to medium businesses. Veritex Holdings, Inc. (NASDAQ:VBTX) also offers commercial treasury services, corporate lending, and digital banking. 

Veritex Holdings, Inc. (NASDAQ:VBTX) announced a quarterly cash dividend of $0.20 per share on October 26, with a 1.96% forward yield. Veritex Holdings, Inc. (NASDAQ:VBTX) would distribute the dividend to shareholders on record as of November 9, payable on November 23. The company also announced Q3 earnings per share of $0.70, beating estimates by $0.02. 

Brad Milsaps from Piper Sandler, on October 28, kept an Overweight rating on Veritex Holdings, Inc. (NASDAQ:VBTX) stock, inflating the price target from $42 to $46. He attributed the rating to the Q3 earnings beat and a strong balance sheet owing to a growth in commercial lending.