FJ Capital Management LLC 13F Holdings Report: Q3 vs. Q4 2022 Comparison Analysis

FJ Capital Management LLC Q3 2022 vs. Q4 2022 13F Holdings Comparison

FJ Capital Management LLC has released its 13F holdings report for the third and fourth quarters of 2022. The report highlights the firm's holdings over the two quarters and the changes in the values of their holdings. In this blog post, we will summarize the changes in holdings of this fund and analyze the companies that have seen the most significant increases in the value of their shares.

FBMS

First Bancshares Inc MS (FBMS) saw a 49.2% increase in the number of shares held by FJ Capital Management LLC, going from 1,093,000 shares in Q3 2022 to 1,521,546 in Q4 2022. The value of the shares also rose from $32,640,000 in Q3 to $48,704,000 in Q4, a 49.2% increase. This increase could be due to positive developments in the company's financials or overall market optimism about the banking industry.

OSBC

While the value of the shares of Old Second Bancorp Inc Illinois (OSBC) held by FJ Capital Management LLC only saw a 17.5% increase between Q3 and Q4, the number of shares decreased from 2,429,000 to 2,321,034. This decrease could be due to the company's performance, changes in the market or a conscious decision to sell off some of the holdings in the company.

HTBI

FJ Capital Management LLC also increased its holdings in Hometrust Bancshares Inc (HTBI) by 26.4% between Q3 and Q4. The number of shares held went up from 1,252,000 to 1,447,533 over the two quarters, while the value of the shares increased from $27,679,000 to $34,986,000. This growth could be due to the company's impressive financial results or future potential.

IBCP

Independent Bank Corporation Michigan (IBCP) was another company that saw a significant increase in the number of shares held by FJ Capital Management LLC, going from 1,331,000 shares in Q3 to 1,330,661 in Q4. The value of the shares held also increased from $25,416,000 to $31,829,000. However, it is important to note that this growth in holdings was lower than the other companies analyzed.

EBC

Eastern Bankshares Inc (EBC) saw a significant decrease in the value of the shares held by FJ Capital Management LLC, going from $36,709,000 in Q3 to $27,055,000 in Q4. The number of shares held also decreased from 1,869,000 to 1,568,443 over the two quarters. This decrease could be due to poor performance by the company or an overall bearish market sentiment towards the banking industry.

VBTX

Veritex Holdings Inc (VBTX) saw a decrease in the value of the shares held by FJ Capital Management LLC, going from $35,072,000 in Q3 to $24,871,000 in Q4, a 29.1% decrease. The number of shares held also decreased from 1,319,000 to 885,730 over the two quarters. This decrease could be due to the company's performance or market conditions.

Conclusions

In conclusion, FJ Capital Management LLC increased its holdings in some companies and decreased its holdings in others over the two quarters analyzed. The companies with the most significant increases in the value of the shares held by FJ Capital Management LLC were FBMS, HTBI, and IBCP. Companies that saw a decrease in the value of the shares held were VBTX and EBC.

It is crucial to understand why FJ Capital Management LLC increased or decreased its holdings of certain companies. While market conditions can play a role in these decisions, a company's performance is also important. Investors need to look at a company's financials, industry, and future potential before making any investment decisions.