16,231 Shares in QCR Holdings, Inc. $QCRH Purchased by Jackson Creek Investment Advisors LLC

Jackson Creek Investment Advisors LLC acquired a new stake in shares of QCR Holdings, Inc. (NASDAQ:QCRH) during the third quarter, Holdings Channel reports. The firm acquired 16,231 shares of the bank’s stock, valued at approximately $1,228,000.

A number of other hedge funds have also modified their holdings of QCRH. Geode Capital Management LLC lifted its position in shares of QCR by 2.6% during the 2nd quarter. Geode Capital Management LLC now owns 435,133 shares of the bank’s stock worth $29,549,000 after buying an additional 11,033 shares during the period. Kennedy Capital Management LLC boosted its stake in shares of QCR by 33.6% in the 2nd quarter. Kennedy Capital Management LLC now owns 333,667 shares of the bank’s stock valued at $22,656,000 after purchasing an additional 83,977 shares in the last quarter. Endeavour Capital Advisors Inc. grew its holdings in shares of QCR by 0.5% in the 2nd quarter. Endeavour Capital Advisors Inc. now owns 221,076 shares of the bank’s stock worth $15,011,000 after purchasing an additional 1,100 shares during the last quarter. Schroder Investment Management Group increased its position in shares of QCR by 25.2% during the 2nd quarter. Schroder Investment Management Group now owns 188,481 shares of the bank’s stock worth $12,809,000 after purchasing an additional 37,905 shares in the last quarter. Finally, Bridgeway Capital Management LLC increased its position in shares of QCR by 0.8% during the 2nd quarter. Bridgeway Capital Management LLC now owns 171,003 shares of the bank’s stock worth $11,611,000 after purchasing an additional 1,372 shares in the last quarter. 70.01% of the stock is owned by institutional investors and hedge funds.

QCR Stock Up 2.3%

Shares of QCRH opened at $92.35 on Tuesday. The business’s fifty day moving average price is $85.58 and its two-hundred day moving average price is $78.98. The firm has a market capitalization of $1.56 billion, a price-to-earnings ratio of 12.30 and a beta of 0.82. QCR Holdings, Inc. has a 52 week low of $60.83 and a 52 week high of $92.87. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.01 and a current ratio of 1.01.

QCR (NASDAQ:QCRH) last issued its quarterly earnings results on Tuesday, January 27th. The bank reported $2.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.96 by $0.25. The business had revenue of $107.02 million for the quarter, compared to analyst estimates of $106.87 million. QCR had a return on equity of 12.30% and a net margin of 21.07%. On average, analysts predict that QCR Holdings, Inc. will post 6.82 earnings per share for the current year.

QCR Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 7th. Stockholders of record on Tuesday, December 23rd were paid a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend was Tuesday, December 23rd. QCR’s dividend payout ratio (DPR) is 3.20%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on QCRH. Piper Sandler reaffirmed an “overweight” rating and set a $108.00 price objective (up from $105.00) on shares of QCR in a research note on Friday. Zacks Research downgraded QCR from a “strong-buy” rating to a “hold” rating in a report on Monday, December 29th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of QCR in a report on Monday, December 29th. Raymond James Financial reissued an “outperform” rating and issued a $103.00 price objective on shares of QCR in a research note on Friday. Finally, DA Davidson increased their target price on QCR from $92.00 to $96.00 and gave the stock a “neutral” rating in a report on Thursday, January 29th. Three investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $102.25.

Insider Activity at QCR

In related news, CFO Todd A. Gipple sold 8,590 shares of the business’s stock in a transaction that occurred on Friday, January 30th. The shares were sold at an average price of $89.92, for a total transaction of $772,412.80. Following the completion of the sale, the chief financial officer directly owned 44,902 shares of the company’s stock, valued at $4,037,587.84. The trade was a 16.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 3.70% of the stock is currently owned by corporate insiders.

About QCR

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.