Castine Capital Management LLC Buys 24,896 Shares of QCR Holdings, Inc. (QCRH)

Castine Capital Management LLC increased its stake in shares of QCR Holdings, Inc. (NASDAQ:QCRH) by 9.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 280,479 shares of the bank’s stock after acquiring an additional 24,896 shares during the quarter. QCR comprises approximately 4.7% of Castine Capital Management LLC’s holdings, making the stock its 4th largest holding. Castine Capital Management LLC owned 2.02% of QCR worth $12,761,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Bessemer Group Inc. increased its holdings in QCR by 0.4% in the 2nd quarter. Bessemer Group Inc. now owns 23,300 shares of the bank’s stock valued at $1,104,000 after buying an additional 100 shares during the period. Nationwide Fund Advisors increased its holdings in QCR by 2.8% in the 2nd quarter. Nationwide Fund Advisors now owns 16,981 shares of the bank’s stock valued at $805,000 after buying an additional 463 shares during the period. Stifel Financial Corp increased its holdings in QCR by 0.5% in the 2nd quarter. Stifel Financial Corp now owns 101,596 shares of the bank’s stock valued at $4,817,000 after buying an additional 464 shares during the period. California Public Employees Retirement System increased its holdings in QCR by 3.9% in the 2nd quarter. California Public Employees Retirement System now owns 21,336 shares of the bank’s stock valued at $1,011,000 after buying an additional 800 shares during the period. Finally, Rhumbline Advisers increased its holdings in QCR by 9.7% in the 2nd quarter. Rhumbline Advisers now owns 13,478 shares of the bank’s stock valued at $639,000 after buying an additional 1,196 shares during the period. 59.71% of the stock is currently owned by hedge funds and other institutional investors.

Shares of QCR Holdings, Inc. (NASDAQ QCRH) opened at $45.90 on Thursday. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.93. QCR Holdings, Inc. has a fifty-two week low of $39.85 and a fifty-two week high of $50.00. The firm has a market cap of $636.11, a PE ratio of 17.61, a PEG ratio of 1.74 and a beta of 0.54.

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 4th. Stockholders of record on Friday, December 15th will be issued a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.44%. The ex-dividend date is Thursday, December 14th. QCR’s payout ratio is 7.84%.

In other news, CFO Todd A. Gipple sold 5,920 shares of the company’s stock in a transaction dated Wednesday, September 13th. The shares were sold at an average price of $43.00, for a total value of $254,560.00. Following the sale, the chief financial officer now owns 49,162 shares of the company’s stock, valued at approximately $2,113,966. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 8.80% of the stock is currently owned by corporate insiders.

QCRH has been the topic of several analyst reports. ValuEngine lowered shares of QCR from a “buy” rating to a “hold” rating in a report on Thursday, November 9th. BidaskClub lowered shares of QCR from a “sell” rating to a “strong sell” rating in a report on Saturday, August 12th. Piper Jaffray Companies set a $55.00 target price on shares of QCR and gave the stock a “buy” rating in a report on Friday, October 6th. Finally, Maxim Group lowered their target price on shares of QCR from $53.00 to $51.00 and set a “buy” rating on the stock in a report on Friday, November 3rd. One equities research analyst has rated the stock with a sell rating and four have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $52.67.

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QCR Company Profile

QCR Holdings, Inc is a multi-bank holding company. The Company serves the Quad Cities, Cedar Rapids, Waterloo/Cedar Falls, Des Moines/Ankeny and Rockford communities through its banking subsidiaries, Quad City Bank and Trust Company (QCBT), Cedar Rapids Bank and Trust Company (CRBT), Community State Bank (CSB), Rockford Bank and Trust Company (RB&T), and Guaranty Bank and Trust Company, which provide full-service commercial and consumer banking and trust and asset management services.

Institutional Ownership by Quarter for QCR (NASDAQ:QCRH)

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