Jacobs Asset Management LLC Decreases Stock Position in QCR Holdings, Inc. $QCRH

Jacobs Asset Management LLC cut its holdings in shares of QCR Holdings, Inc. (NASDAQ:QCRH) by 12.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 109,694 shares of the bank’s stock after selling 15,306 shares during the period. QCR comprises approximately 5.1% of Jacobs Asset Management LLC’s portfolio, making the stock its 6th largest position. Jacobs Asset Management LLC’s holdings in QCR were worth $9,138,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Endeavour Capital Advisors Inc. boosted its holdings in QCR by 20.5% in the third quarter. Endeavour Capital Advisors Inc. now owns 266,465 shares of the bank’s stock valued at $20,155,000 after acquiring an additional 45,389 shares during the last quarter. Kestrel Investment Management Corp acquired a new position in shares of QCR during the fourth quarter worth approximately $4,636,000. Boothbay Fund Management LLC raised its position in shares of QCR by 144.2% during the third quarter. Boothbay Fund Management LLC now owns 78,282 shares of the bank’s stock worth $5,921,000 after purchasing an additional 46,221 shares during the period. Daytona Street Capital LLC bought a new position in QCR during the 4th quarter valued at $897,000. Finally, Schroder Investment Management Group lifted its stake in QCR by 86.2% during the 3rd quarter. Schroder Investment Management Group now owns 350,963 shares of the bank’s stock valued at $26,663,000 after acquiring an additional 162,482 shares in the last quarter. 70.01% of the stock is currently owned by institutional investors.

QCR Price Performance

Shares of QCRH stock opened at $96.33 on Friday. 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 fifty-two week low of $63.68 and a fifty-two week high of $97.25. The firm has a market cap of $1.59 billion, a P/E ratio of 12.07 and a beta of 0.76. The business’s 50 day moving average price is $90.95 and its 200-day moving average price is $87.96.

QCR (NASDAQ:QCRH) last released its quarterly earnings results on Wednesday, April 22nd. The bank reported $1.99 earnings per share for the quarter, beating the consensus estimate of $1.78 by $0.21. QCR had a return on equity of 12.54% and a net margin of 21.98%.The company had revenue of $89.52 million for the quarter, compared to analyst estimates of $105.42 million. On average, equities research analysts anticipate that QCR Holdings, Inc. will post 8.13 earnings per share for the current year.

QCR Announces Dividend

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

Wall Street Analysts Forecast Growth

QCRH has been the subject of several research analyst reports. Raymond James Financial reaffirmed an “outperform” rating and set a $99.00 target price on shares of QCR in a research report on Monday, April 27th. Piper Sandler cut their target price on QCR from $108.00 to $107.00 and set an “overweight” rating for the company in a research note on Monday, April 27th. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, QCR presently has a consensus rating of “Moderate Buy” and a consensus target price of $101.00.

Insider Activity

In related news, insider James D. Klein sold 310 shares of the 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. This trade represents a 42.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Laura L. Ekizian sold 750 shares of the 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 directly owned 6,093 shares of the company’s stock, valued at approximately $578,591.28. The trade was a 10.96% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 3.20% of the company’s stock.

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.