Elizabeth Park Capital Advisors, Ltd.
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 15, 2024), Elizabeth Park Capital Advisors, Ltd. reported 46 stock positions worth $120.5 million. Its top holding was QCR (QCRH) at 6.2% of the portfolio, followed by Premier Financial (PFC, 3.3%) and East West Bancorp (EWBC, 3.0%). Compared with Q4 2023, it opened 3 new positions, sold out of 5, added to 1 and reduced 31. The biggest buy was a new position in First Foundation (FFWM) and the biggest sale an exit from Princeton Bancorp (BPRN).
- Most Recent 13F
- Q2 2026
- Location
- PEPPER PIKE, OH
- CIK
- 0001600583
- Portfolio Value
- $120.5M (Q1 2024)
- SEC Filing
- 0001493152-24-019639 ↗ filed May 15, 2024
Holdings Value
Holdings 46 stocks · $120.5M
| QCRH QCR Holdings Inc. | 6.20% | 123,026 | $7.5M | Reduce -12.5% |
| PFC Premier Financial Corp. | 3.35% | 198,733 | $4.0M | No change |
| EWBC East West Bancorp Inc. | 2.96% | 45,100 | $3.6M | Reduce -10.2% |
| KEY Keycorp | 2.84% | 216,500 | $3.4M | Reduce -6.9% |
| ESQ Esquire Financial Holdings I | 2.78% | 70,674 | $3.4M | Reduce -0.7% |
| FITB Fifth Third Bancorp | 2.78% | 90,000 | $3.3M | Reduce -7.7% |
| PNFP Pinnacle Financial Partners | 2.75% | 38,621 | $3.3M | Reduce -8.5% |
| ONB Old National Bancorp | 2.67% | 185,100 | $3.2M | Reduce -5.6% |
| JMSB John Marshall Bancorp Inc. | 2.62% | 176,071 | $3.2M | No change |
| SMBK Smartfinancial Inc. | 2.58% | 147,649 | $3.1M | Reduce -0.3% |
| EVBN Evans Bancorp Inc. | 2.50% | 101,103 | $3.0M | Reduce -15.2% |
| UMBF Umb Financial Corp. | 2.46% | 34,148 | $3.0M | No change |
| VABK Virginia National Bankshares | 2.45% | 98,076 | $3.0M | No change |
| STEL Stellar Bancorp Inc. | 2.43% | 120,000 | $2.9M | No change |
| WBS Webster Financial Corp. | 2.42% | 57,475 | $2.9M | Reduce -6.2% |
| TCBI Texas Capital Bancshares Inc. | 2.38% | 46,508 | $2.9M | Reduce -5.7% |
| CFBK CF Bankshares Inc. | 2.32% | 140,272 | $2.8M | Reduce -6.4% |
| FFWM First Foundation Inc. | 2.29% | 366,221 | $2.8M | New |
| CFG Citizens Financial Group | 2.27% | 75,330 | $2.7M | Reduce -5.6% |
| CMA Comerica Inc. | 2.20% | 48,127 | $2.6M | Reduce -6.8% |
| FCCO First Community Corp. | 2.19% | 151,757 | $2.6M | No change |
| MNSB Mainstreet Bancshares Inc. | 2.19% | 145,355 | $2.6M | No change |
| OFG Ofg Bancorp | 2.19% | 71,696 | $2.6M | Reduce -11.6% |
| PGC Peapack Gladstone Finl Corp. | 2.18% | 107,818 | $2.6M | Reduce -11.1% |
| PEBO Peoples Bancorp Inc. | 2.15% | 87,652 | $2.6M | Reduce -19.5% |
| RRBI Red River Bancshares Inc. | 2.13% | 51,645 | $2.6M | No change |
| MCBC Macatawa Bank Corp. | 2.07% | 254,589 | $2.5M | Reduce -49.0% |
| CUBI Customers Bancorp Inc. | 2.04% | 46,239 | $2.5M | Add +1.1% |
| NBHC National Bank Hold Class A | 1.90% | 63,491 | $2.3M | Reduce -1.9% |
| MBIN Merchants Bancorp | 1.89% | 52,763 | $2.3M | Reduce -1.8% |
| IBTX Independent Bank Group Inc. | 1.88% | 49,575 | $2.3M | Reduce -6.6% |
| CALB California Bancorp Inc. | 1.79% | 98,164 | $2.2M | Reduce -46.7% |
| CBNK Capital Bancorp Inc. | 1.78% | 103,265 | $2.2M | Reduce -9.6% |
| FNB FNB Corp. | 1.75% | 149,500 | $2.1M | Reduce -4.8% |
| EFSC Enterprise Financial Service | 1.73% | 51,326 | $2.1M | Reduce -6.4% |
| HTLF Heartland Financial USA Inc. | 1.72% | 59,087 | $2.1M | No change |
| VBFC Village Bank and Trust Finan | 1.60% | 45,273 | $1.9M | No change |
| PB Prosperity Bancshares Inc. | 1.56% | 28,500 | $1.9M | New |
| NRIM Northrim Bancorp Inc. | 1.53% | 36,397 | $1.8M | New |
| ABCB Ameris Bancorp | 1.48% | 36,847 | $1.8M | Reduce -6.3% |
| FRME First Merchants Corp. | 1.45% | 49,989 | $1.7M | Reduce -5.7% |
| BANR Banner Corporation | 1.43% | 35,891 | $1.7M | Reduce -34.6% |
| CCNE CNB Financial Corp. | 1.12% | 66,458 | $1.4M | Reduce -13.1% |
| USCB Uscb Financial Holdings Inc. | 1.12% | 118,856 | $1.4M | Reduce -4.8% |
| CIVB Civista Bancshares Inc. | 1.01% | 79,224 | $1.2M | Reduce -8.5% |
| FSEA First Seacoast Bancorp Inc. | 0.87% | 125,000 | $1.0M | No change |
Portfolio Sells Q4 2023 → Q1 2024
| BPRN Princeton Bancorp Inc. | Sold out | 0.00% | −3.05 |
| COLB Columbia Banking System Inc. | Sold out | 0.00% | −1.94 |
| MCBC Macatawa Bank Corp. | Reduce -49.0% | 2.07% | −1.84 |
| CALB California Bancorp Inc. | Reduce -46.7% | 1.79% | −1.37 |
| TRMK Trustmark Corp. | Sold out | 0.00% | −1.10 |
| RVSB Riverview Bancorp Inc. | Sold out | 0.00% | −0.85 |
| BANR Banner Corporation | Reduce -34.6% | 1.43% | −0.61 |
| PEBO Peoples Bancorp Inc. | Reduce -19.5% | 2.15% | −0.39 |
| PGC Peapack Gladstone Finl Corp. | Reduce -11.1% | 2.18% | −0.33 |
| OSBC Old Second Bancorp Inc. | Sold out | 0.00% | −0.25 |
| CBNK Capital Bancorp Inc. | Reduce -9.6% | 1.78% | −0.13 |
| EVBN Evans Bancorp Inc. | Reduce -15.2% | 2.50% | −0.10 |
| CIVB Civista Bancshares Inc. | Reduce -8.5% | 1.01% | −0.10 |
| CCNE CNB Financial Corp. | Reduce -13.1% | 1.12% | −0.07 |
| IBTX Independent Bank Group Inc. | Reduce -6.6% | 1.88% | +0.01 |
| EFSC Enterprise Financial Service | Reduce -6.4% | 1.73% | +0.03 |
| ABCB Ameris Bancorp | Reduce -6.3% | 1.48% | +0.03 |
| USCB Uscb Financial Holdings Inc. | Reduce -4.8% | 1.12% | +0.06 |
| OFG Ofg Bancorp | Reduce -11.6% | 2.19% | +0.08 |
| FRME First Merchants Corp. | Reduce -5.7% | 1.45% | +0.09 |
| TCBI Texas Capital Bancshares Inc. | Reduce -5.7% | 2.38% | +0.17 |
| CMA Comerica Inc. | Reduce -6.8% | 2.20% | +0.20 |
| PNFP Pinnacle Financial Partners | Reduce -8.5% | 2.75% | +0.20 |
| SMBK Smartfinancial Inc. | Reduce -0.3% | 2.58% | +0.22 |
| NBHC National Bank Hold Class A | Reduce -1.9% | 1.90% | +0.23 |
| FNB FNB Corp. | Reduce -4.8% | 1.75% | +0.25 |
| WBS Webster Financial Corp. | Reduce -6.2% | 2.42% | +0.26 |
| CFBK CF Bankshares Inc. | Reduce -6.4% | 2.32% | +0.30 |
| MBIN Merchants Bancorp | Reduce -1.8% | 1.89% | +0.30 |
| ESQ Esquire Financial Holdings I | Reduce -0.7% | 2.78% | +0.32 |
| ONB Old National Bancorp | Reduce -5.6% | 2.67% | +0.38 |
| CFG Citizens Financial Group | Reduce -5.6% | 2.27% | +0.43 |
| FITB Fifth Third Bancorp | Reduce -7.7% | 2.78% | +0.45 |
| EWBC East West Bancorp Inc. | Reduce -10.2% | 2.96% | +0.46 |
| QCRH QCR Holdings Inc. | Reduce -12.5% | 6.20% | +0.51 |
| KEY Keycorp | Reduce -6.9% | 2.84% | +0.52 |
Portfolio Buys Q4 2023 → Q1 2024
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 44 | $144.8M | QCRH, OBK, BCAL, HBNC, VLY |
| Q1 2026 | 46 | $129.9M | QCRH, OBK, HBNC, BCAL, VLY |
| Q4 2025 | 45 | $121.4M | QCRH, OBK, CFG, HBNC, VLY |
| Q3 2025 | 48 | $123.6M | QCRH, CFG, VLY, CBNK, EWBC |
| Q2 2025 | 41 | $111.5M | QCRH, VBTX, BMRC, CCB, HBAN |
| Q1 2025 | 43 | $110.3M | QCRH, BMRC, ONB, CCB, VLY |
| Q4 2024 | 41 | $122.7M | QCRH, BMRC, STEL, EWBC, SMBK |
| Q3 2024 | 43 | $123.8M | QCRH, SASR, STEL, VBFC, VABK |
| Q2 2024 | 44 | $115.5M | QCRH, SASR, FBMS, STEL, PFC |
| Q1 2024 | 46 | $120.5M | QCRH, PFC, EWBC, KEY, ESQ |