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

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1. Live Oak Bancshares, Inc. (NASDAQ:LOB)

Mendon Capital Advisors’ Stake Value: $22,270,000

Percentage of Mendon Capital Advisors’ 13F Portfolio: 7.58%

Number of Hedge Fund Holders: 11

As of June this year, Live Oak Bancshares, Inc. (NASDAQ:LOB) is the largest holding in Anton Schutz’s investment portfolio. Mendon Capital Advisors holds 350,000 shares in Live Oak Bancshares, Inc. (NASDAQ:LOB), amounting to $22.27 million, representing 7.58% of the firm’s Q2 portfolio. Live Oak Bancshares, Inc. (NASDAQ:LOB) is a bank holding company from Washington, servicing small businesses via commercial lending and deposits. The commercial lending portfolio at Live Oak Bancshares, Inc. (NASDAQ:LOB) includes loans for construction and development, commercial real estate, and commercial land.

Live Oak Bancshares, Inc. (NASDAQ:LOB) posted Q3 earnings on October 27, with EPS for the period totaling $0.76, exceeding estimates by $0.10. Revenue for the third quarter was $103.01 million, up 4.68% year-over-year.

Jennifer Demba, from the investment advisory Truist, raised the price target on Live Oak Bancshares, Inc. (NASDAQ:LOB) from $90 to $115, while keeping a Buy rating on the stock. She believes that the Q3 earnings were impressive, and Live Oak Bancshares, Inc. (NASDAQ:LOB) has several opportunities to further grow its EPS. 

You can also take a look at 10 Most Shorted Stocks Hedge Funds Are Buying and Top 10 Stock Picks of Brandon Osten’s Venator Capital Management

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