Jackson Creek Investment Advisors LLC Increases Stock Position in QCR Holdings, Inc. $QCRH

Jackson Creek Investment Advisors LLC increased its holdings in QCR Holdings, Inc. (NASDAQ:QCRH) by 40.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 22,864 shares of the bank’s stock after acquiring an additional 6,633 shares during the quarter. Jackson Creek Investment Advisors LLC owned approximately 0.14% of QCR worth $1,905,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Endeavour Capital Advisors Inc. boosted its stake in QCR by 23.3% during the 4th quarter. Endeavour Capital Advisors Inc. now owns 328,497 shares of the bank’s stock worth $27,364,000 after purchasing an additional 62,032 shares during the period. FourThought Financial Partners LLC acquired a new position in QCR in the fourth quarter valued at $366,000. ProShare Advisors LLC raised its holdings in shares of QCR by 6.9% in the fourth quarter. ProShare Advisors LLC now owns 3,023 shares of the bank’s stock valued at $252,000 after buying an additional 195 shares during the last quarter. Abacus Wealth Partners LLC purchased a new stake in shares of QCR in the fourth quarter valued at about $725,000. Finally, Pacific Ridge Capital Partners LLC boosted its stake in shares of QCR by 5.0% during the fourth quarter. Pacific Ridge Capital Partners LLC now owns 13,946 shares of the bank’s stock worth $1,162,000 after buying an additional 660 shares during the period. Hedge funds and other institutional investors own 70.01% of the company’s stock.

Insider Buying and Selling

In other QCR news, insider James D. Klein sold 310 shares of the firm’s stock in a transaction on Thursday, April 30th. The stock was sold at an average price of $91.00, for a total value of $28,210.00. Following the completion of the sale, the insider owned 428 shares of the company’s stock, valued at approximately $38,948. This trade represents a 42.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 3.20% of the company’s stock.

QCR Price Performance

QCR stock opened at $92.49 on Wednesday. QCR Holdings, Inc. has a one year low of $63.68 and a one year high of $96.00. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.89 and a current ratio of 0.96. The business has a fifty day moving average of $88.40 and a two-hundred day moving average of $86.56. The company has a market cap of $1.53 billion, a P/E ratio of 11.59 and a beta of 0.77.

QCR (NASDAQ:QCRH) last released its earnings results on Wednesday, April 22nd. The bank reported $1.99 EPS for the quarter, beating analysts’ consensus estimates of $1.78 by $0.21. QCR had a return on equity of 12.54% and a net margin of 21.98%.The company had revenue of $89.52 million during the quarter, compared to the consensus estimate of $105.42 million. As a group, analysts predict that QCR Holdings, Inc. will post 8.13 earnings per share for the current fiscal year.

QCR Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 3rd. Shareholders of record on Thursday, June 18th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Thursday, June 18th. This represents a $0.40 dividend on an annualized basis and a yield of 0.4%. QCR’s dividend payout ratio (DPR) is 5.01%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on QCRH. Keefe, Bruyette & Woods raised their price target on QCR from $92.00 to $102.00 and gave the stock an “outperform” rating in a report on Thursday, January 29th. Piper Sandler reduced their price objective on QCR from $108.00 to $107.00 and set an “overweight” rating for the company in a research note on Monday, April 27th. Raymond James Financial reaffirmed an “outperform” rating and set a $99.00 price objective on shares of QCR in a research report on Monday, April 27th. DA Davidson lifted their target price on QCR from $92.00 to $96.00 and gave the company a “neutral” rating in a research note on Thursday, January 29th. Finally, Weiss Ratings upgraded QCR from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, February 2nd. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, QCR has an average rating of “Moderate Buy” and an average price target of $101.00.

QCR Company Profile

QCR Holdings, Inc, headquartered in Moline, Illinois, is a bank holding company that delivers community banking services through its wholly owned subsidiary, QCR Bank. The company focuses on serving individuals, small to medium-sized businesses and municipal clients in select Midwestern markets.

QCR Bank offers a broad array of deposit and lending products, including personal and business checking and savings accounts, commercial real estate loans, equipment financing, mortgage lending and treasury management solutions.