QCR Holdings, Inc. $QCRH Shares Acquired by Jackson Creek Investment Advisors LLC

Jackson Creek Investment Advisors LLC lifted its position in shares of QCR Holdings, Inc. (NASDAQ:QCRH) by 40.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 22,864 shares of the bank’s stock after buying an additional 6,633 shares during the quarter. Jackson Creek Investment Advisors LLC’s holdings in QCR were worth $1,905,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Assetmark Inc. acquired a new position in shares of QCR during the 4th quarter worth $37,000. Farther Finance Advisors LLC raised its stake in QCR by 34.6% in the 4th quarter. Farther Finance Advisors LLC now owns 576 shares of the bank’s stock valued at $48,000 after purchasing an additional 148 shares during the last quarter. Quadrant Capital Group LLC acquired a new position in QCR in the 3rd quarter valued at about $72,000. Russell Investments Group Ltd. acquired a new position in QCR in the 3rd quarter valued at about $104,000. Finally, CIBC Bancorp USA Inc. acquired a new position in QCR in the 3rd quarter valued at about $218,000. Institutional investors and hedge funds own 70.01% of the company’s stock.

QCR Stock Up 1.8%

Shares of NASDAQ:QCRH opened at $92.49 on Wednesday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.89 and a current ratio of 0.96. QCR Holdings, Inc. has a 1 year low of $63.68 and a 1 year high of $96.00. The stock has a market capitalization of $1.53 billion, a P/E ratio of 11.59 and a beta of 0.77. The stock has a 50-day simple moving average of $88.40 and a 200-day simple moving average of $86.56.

QCR (NASDAQ:QCRH) last issued its earnings results on Wednesday, April 22nd. The bank reported $1.99 earnings per share (EPS) for the quarter, topping 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 business had revenue of $89.52 million during the quarter, compared to analysts’ expectations of $105.42 million. Equities analysts forecast that QCR Holdings, Inc. will post 8.13 earnings per share for the current year.

QCR Announces Dividend

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

Insider Activity

In other news, insider James D. Klein sold 310 shares of the business’s stock in a transaction dated Thursday, April 30th. The stock was sold at an average price of $91.00, for a total transaction of $28,210.00. Following the completion of the sale, the insider owned 428 shares in the company, valued at approximately $38,948. The trade was a 42.01% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 3.20% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. DA Davidson boosted their target price on shares of QCR from $92.00 to $96.00 and gave the company a “neutral” rating in a research note on Thursday, January 29th. Raymond James Financial reissued an “outperform” rating and issued a $99.00 target price on shares of QCR in a research note on Monday, April 27th. Piper Sandler cut their target price 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 raised shares of QCR from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, February 2nd. Finally, Keefe, Bruyette & Woods boosted their target price on shares of QCR from $92.00 to $102.00 and gave the company an “outperform” rating in a research note on Thursday, January 29th. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $101.00.

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.