QCR Holdings, Inc. $QCRH Shares Sold by Jacobs Asset Management LLC

Jacobs Asset Management LLC lessened its holdings in shares of QCR Holdings, Inc. (NASDAQ:QCRH) by 8.8% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 100,000 shares of the bank’s stock after selling 9,694 shares during the quarter. QCR makes up about 5.1% of Jacobs Asset Management LLC’s investment portfolio, making the stock its 6th biggest position. Jacobs Asset Management LLC owned 0.61% of QCR worth $8,545,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Kennedy Capital Management LLC grew its position in shares of QCR by 9.7% in the fourth quarter. Kennedy Capital Management LLC now owns 762,068 shares of the bank’s stock valued at $63,480,000 after purchasing an additional 67,517 shares during the period. Endeavour Capital Advisors Inc. lifted its position in QCR by 23.3% during the fourth quarter. Endeavour Capital Advisors Inc. now owns 328,497 shares of the bank’s stock worth $27,364,000 after buying an additional 62,032 shares during the period. Wellington Management Group LLP boosted its stake in QCR by 0.5% in the 3rd quarter. Wellington Management Group LLP now owns 243,762 shares of the bank’s stock worth $18,438,000 after buying an additional 1,118 shares during the last quarter. Bridgeway Capital Management LLC boosted its stake in QCR by 2.1% in the 3rd quarter. Bridgeway Capital Management LLC now owns 174,571 shares of the bank’s stock worth $13,205,000 after buying an additional 3,568 shares during the last quarter. Finally, Qube Research & Technologies Ltd boosted its stake in QCR by 28.4% in the 2nd quarter. Qube Research & Technologies Ltd now owns 155,127 shares of the bank’s stock worth $10,533,000 after buying an additional 34,346 shares during the last quarter. Institutional investors and hedge funds own 70.01% of the company’s stock.

QCR Price Performance

QCRH stock opened at $100.15 on Friday. The stock has a 50-day moving average price of $94.91 and a two-hundred day moving average price of $90.51. QCR Holdings, Inc. has a 12-month low of $66.65 and a 12-month high of $101.42. The company has a current ratio of 0.96, a quick ratio of 0.89 and a debt-to-equity ratio of 0.37. The company has a market cap of $1.65 billion, a PE ratio of 11.84 and a beta of 0.75.

QCR (NASDAQ:QCRH) last announced its quarterly earnings results on Wednesday, July 22nd. The bank reported $2.19 EPS for the quarter, topping the consensus estimate of $1.91 by $0.28. The company had revenue of $97.34 million during the quarter, compared to analyst estimates of $104.10 million. QCR had a return on equity of 13.00% and a net margin of 22.86%. As a group, research analysts predict that QCR Holdings, Inc. will post 8.13 EPS for the current year.

QCR Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 3rd. Investors of record on Thursday, June 18th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend was Thursday, June 18th. QCR’s dividend payout ratio is 4.73%.

Insider Buying and Selling

In related news, CEO Laura L. Ekizian sold 750 shares of the firm’s stock in a transaction that occurred on Tuesday, June 9th. The shares were sold at an average price of $94.96, for a total value of $71,220.00. Following the transaction, the chief executive officer owned 6,093 shares in the company, valued at approximately $578,591.28. This trade represents a 10.96% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider James D. Klein sold 310 shares of QCR stock in a transaction that occurred on Thursday, April 30th. The shares were sold at an average price of $91.00, for a total transaction of $28,210.00. Following the transaction, the insider directly owned 428 shares in the company, valued at approximately $38,948. This trade represents a 42.01% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 3.20% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

QCRH has been the subject of a number of research analyst reports. Piper Sandler dropped their price objective on shares of QCR from $108.00 to $107.00 and set an “overweight” rating for the company in a research note on Monday, April 27th. Weiss Ratings reissued a “buy (b)” rating on shares of QCR in a research report on Monday, July 6th. Raymond James Financial restated an “outperform” rating and issued a $99.00 target price on shares of QCR in a report on Monday, April 27th. Finally, Keefe, Bruyette & Woods upped their price target on shares of QCR from $105.00 to $108.00 and gave the stock an “outperform” rating in a research report on Friday. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, QCR presently has a consensus rating of “Moderate Buy” and a consensus target price of $102.50.

QCR 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.