A Closer Look at Elizabeth Park Capital Advisors, Ltd.'s Top 10 Q3 vs. Q4 13F Holdings

Elizabeth Park Capital Advisors, Ltd. recently released its 13F filings for the Q3 vs. Q4 2022 period, providing insights into the firm's changes in holdings and value across its portfolio. In this article, we'll take a closer look at the firm's top 10 holdings based on market value and the percentage changes in holdings from Q3 to Q4.

1. QCR Holdings Inc

QCR Holdings Inc was the top holding for Elizabeth Park Capital Advisors, Ltd. in both Q3 and Q4, with holdings remaining steady at 204,397 shares. However, the value of the firm's holdings decreased by 2.6%, dropping from $10.4 million to $10.1 million.

2. International Bancshares Corp

Elizabeth Park Capital Advisors, Ltd.'s second largest holding, International Bancshares Corp, saw a 5.4% decrease in holdings from Q3 to Q4, dropping from 207,939 shares to 182,644 shares. The value also fell from $8.8 million to $8.3 million.

3. Enterprise Financial Services Corp

Enterprise Financial Services Corp retained the same number of shares between Q3 and Q4 at 148,075, but the value of the firm's holdings increased by 11.2% from $6.5 million to $7.2 million.

4. Texas Capital Bancshares Inc

Similarly, Elizabeth Park Capital Advisors, Ltd. maintained the same number of shares of Texas Capital Bancshares Inc in both Q3 and Q4 at 118,348 shares. The value of holdings increased slightly by 2.2% from $6.9 million to $7.1 million.

5. Macatawa Bank Corp

Macatawa Bank Corp was another top holding where the firm increased its holdings by 19.1% from Q3 to Q4, holding steady at 619,887 shares. The value of holdings rose from $5.7 million to $6.8 million.

6. First Western Financial Inc

First Western Financial Inc saw a moderate increase in holdings of 8.6% from 234,019 shares to 222,509 shares. The value of holdings also increased from $5.8 million to $6.3 million.

7. Old National Bancorp Ind

Elizabeth Park Capital Advisors, Ltd. increased their holdings of Old National Bancorp Ind by 21.2% from 273,042 shares to 303,042 shares. The value of holdings increased from $4.5 million to $5.4 million.

8. East West Bancorp Inc

East West Bancorp Inc saw a slight decrease in holdings by 1.8%, with the firm maintaining a stake of 82,323 shares for both Q3 and Q4. The value of holdings fell slightly from $5.5 million to $5.4 million.

9. Pinnacle Financial Partners Inc

Elizabeth Park Capital Advisors, Ltd. decreased their holdings in Pinnacle Financial Partners Inc by 9.5% from 72,471 shares to 72,471 shares. The value of holdings also decreased from $5.9 million to $5.3 million.

10. Banner Corp

Finally, Banner Corp saw an increase in holdings of 21.6% from 72,879 shares to 82,879 shares. The value of holdings increased from $4.3 million to $5.2 million.

Overall, Elizabeth Park Capital Advisors, Ltd.'s portfolio showed a mix of increases and decreases in holdings and value across their top holdings in the Q3 vs. Q4 2022 period. These changes highlight the firm's strategic investment decisions and provide insights for investors looking to follow their lead.