Below is the list of 5 stocks to buy according to Fred Cummings’ Elizabeth Park Capital. For a detailed discussion about Fred Cummings investment philosophy and portfolio management strategies please see 10 Stocks to Buy According to Fred Cummings’ Elizabeth Park Capital.
5. Premier Financial Corp (NASDAQ:OHIO)
Elizabeth Park Capital’s Stake Value: $8.75 million
Percentage of Elizabeth Park Capital’s 13F Portfolio: 3.08%
Number of Hedge Fund Holders: 13
Premier Financial Corp. (NASDAQ:PFC) was in 13 hedge funds’ portfolios at the end of September. Jim Simons’ Renaissance Technologies was the leading stakeholder in the company.
4. PacWest Bancorp (NASDAQ:PACW)
Elizabeth Park Capital’s Stake Value: $9 million
Percentage of Elizabeth Park Capital’s 13F Portfolio: 3.18%
Number of Hedge Fund Holders: 33
PacWest Bancorp (NASDAQ:PACW) is among the 10 stocks to buy according to Fred Cummings’ Elizabeth Park Capital. Its shares rallied more than 40% in the last twelve months, thanks to improving financial numbers and market fundamentals. PacWest Bancorp is also a good dividend stock with a dividend yield of 2%. The company posted earnings per share of $5.05 in fiscal 2021 compared to a loss of $10.6 per share in the past year.
PacWest Bancorp (NASDAQ:PACW) was in 33 hedge funds’ portfolios at the end of the third quarter of 2021.
3. Western Alliance Bancorporation (NYSE:WAL)
Elizabeth Park Capital’s Stake Value: $10.6 million
Percentage of Elizabeth Park Capital’s 13F Portfolio: 3.73%
Number of Hedge Fund Holders: 29
Western Alliance Bancorporation (NYSE:WAL) is a member of Fred Cummings’ Elizabeth Park Capital since the first quarter of 2020. It is a good stock to buy and hold for the long term amid its steady share price gains and increasing dividends. The company’s stock price is up more than 20% in the past twelve months while the dividend yield is hovering at 1.44%.
Western Alliance Bancorporation (NYSE:WAL) was in 29 hedge funds’ portfolios at the end of the third quarter of 2021. John Murphy’s Levin Easterly Partners was the leading stakeholder in the company.
2. Homestreet, Inc. (NASDAQ:HMST)
Elizabeth Park Capital’s Stake Value: $10.8 million
Percentage of Elizabeth Park Capital’s 13F Portfolio: 3.83%
Number of Hedge Fund Holders: 11
Homestreet, Inc. (NASDAQ:HMST) is one of the favorite stocks holdings of Elizabeth Park Capital. As of September, it was the second-largest stock holding in Elizabeth Park’s 13F portfolio. The financial services company has successfully gained popular hedge funds’ confidence over the years. Jim Simons’ Renaissance Technologies and Ken Fisher’s Fisher Asset Management were the leading stakeholders in the company.
According to data tracked by Insider Monkey, HomeStreet Inc was in 11 hedge funds’ portfolios at the end of the third quarter of 2021.
1. QCR Holdings, Inc. (NASDAQ:QCRH)
Elizabeth Park Capital’s Stake Value: $13.4 million
Percentage of Elizabeth Park Capital’s 13F Portfolio: 4.73%
Number of Hedge Fund Holders: 14
QCR Holdings, Inc. (NASDAQ:QCRH) is the largest stock holding of Fred Cummings’ Elizabeth Park Capital’s 13F portfolio as of September 2021. The firm has been holding a stake in the company since the second quarter of 2015. Shares of QCR Holdings surged more than 40% in the last twelve months due to strong financial performance and broader market trends.
As of the end of September, the number of long hedge fund positions was standing at 14. Jim Simons’ Renaissance Technologies was the leading stakeholder in the company.
You can also take a look at the 10 Best Dividend Stocks According to Billionaire Larry Robbins’ Glenview Capital and Bill Ackman’s Pershing Square Portfolio: Top 6 Stock Picks.
