FJ Capital Management LLC Sells 87,249 Shares of QCR Holdings, Inc. $QCRH

FJ Capital Management LLC lessened its stake in shares of QCR Holdings, Inc. (NASDAQ:QCRH) by 39.6% in the 4th quarter, Holdings Channel reports. The firm owned 132,898 shares of the bank’s stock after selling 87,249 shares during the period. QCR makes up 1.2% of FJ Capital Management LLC’s investment portfolio, making the stock its 23rd largest holding. FJ Capital Management LLC’s holdings in QCR were worth $11,070,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Endeavour Capital Advisors Inc. raised its position in shares of QCR by 20.5% during the 3rd quarter. Endeavour Capital Advisors Inc. now owns 266,465 shares of the bank’s stock valued at $20,155,000 after buying an additional 45,389 shares in the last quarter. Kestrel Investment Management Corp purchased a new stake in shares of QCR during the 4th quarter valued at about $4,636,000. Boothbay Fund Management LLC raised its position in shares of QCR by 144.2% during the 3rd quarter. Boothbay Fund Management LLC now owns 78,282 shares of the bank’s stock valued at $5,921,000 after buying an additional 46,221 shares in the last quarter. Daytona Street Capital LLC purchased a new stake in shares of QCR during the 4th quarter valued at about $897,000. Finally, Dean Capital Management raised its position in shares of QCR by 32.3% during the 3rd quarter. Dean Capital Management now owns 41,153 shares of the bank’s stock valued at $3,113,000 after buying an additional 10,055 shares in the last quarter. 70.01% of the stock is currently owned by hedge funds and other institutional investors.

QCR Stock Performance

QCR stock opened at $96.33 on Friday. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.96 and a quick ratio of 0.89. QCR Holdings, Inc. has a 1-year low of $63.68 and a 1-year high of $97.25. The firm has a market capitalization of $1.59 billion, a P/E ratio of 12.07 and a beta of 0.76. The company’s 50-day moving average is $90.95 and its 200 day moving average is $87.96.

QCR (NASDAQ:QCRH) last posted its quarterly earnings data on Wednesday, April 22nd. The bank reported $1.99 earnings per share for the quarter, topping analysts’ consensus estimates of $1.78 by $0.21. QCR had a net margin of 21.98% and a return on equity of 12.54%. The company had revenue of $89.52 million for the quarter, compared to analyst estimates of $105.42 million. Research analysts forecast that QCR Holdings, Inc. will post 8.13 EPS for the current year.

QCR Dividend Announcement

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

Insider Buying and Selling

In other 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 transaction of $71,220.00. Following the transaction, the chief executive officer directly owned 6,093 shares of the company’s stock, valued at approximately $578,591.28. This trade represents a 10.96% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider James D. Klein sold 310 shares of the firm’s stock in a transaction that occurred on Thursday, April 30th. The stock was 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. Company insiders own 3.20% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on QCRH. Piper Sandler decreased their target price on shares of QCR from $108.00 to $107.00 and set an “overweight” rating on the stock in a research report on Monday, April 27th. Raymond James Financial restated an “outperform” rating and set a $99.00 target price on shares of QCR in a research report on Monday, April 27th. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, QCR currently has a consensus rating of “Moderate Buy” and a consensus 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.