Kennedy Capital Management LLC Buys 67,517 Shares of QCR Holdings, Inc. $QCRH

Kennedy Capital Management LLC boosted its stake in shares of QCR Holdings, Inc. (NASDAQ:QCRH) by 9.7% during the 4th quarter, Holdings Channel.com reports. The firm owned 762,068 shares of the bank’s stock after purchasing an additional 67,517 shares during the quarter. QCR comprises approximately 1.3% of Kennedy Capital Management LLC’s holdings, making the stock its 2nd biggest position. Kennedy Capital Management LLC’s holdings in QCR were worth $63,480,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Victory Capital Management Inc. grew its position in QCR by 715.4% during the 3rd quarter. Victory Capital Management Inc. now owns 400,229 shares of the bank’s stock worth $30,273,000 after purchasing an additional 351,145 shares during the period. Schroder Investment Management Group grew its position in QCR by 86.2% during the 3rd quarter. Schroder Investment Management Group now owns 350,963 shares of the bank’s stock worth $26,663,000 after purchasing an additional 162,482 shares during the period. Endeavour Capital Advisors Inc. grew its position in QCR by 23.3% during the 4th quarter. Endeavour Capital Advisors Inc. now owns 328,497 shares of the bank’s stock worth $27,364,000 after purchasing an additional 62,032 shares during the period. Wellington Management Group LLP grew its position in QCR by 0.5% during the 3rd quarter. Wellington Management Group LLP now owns 243,762 shares of the bank’s stock worth $18,438,000 after purchasing an additional 1,118 shares during the period. Finally, Bridgeway Capital Management LLC grew its position in QCR by 2.1% during the 3rd quarter. Bridgeway Capital Management LLC now owns 174,571 shares of the bank’s stock worth $13,205,000 after purchasing an additional 3,568 shares during the period. 70.01% of the stock is owned by institutional investors and hedge funds.

QCR Price Performance

NASDAQ:QCRH opened at $96.33 on Friday. QCR Holdings, Inc. has a 52 week low of $63.68 and a 52 week high of $97.25. The company has a quick ratio of 0.89, a current ratio of 0.96 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $1.59 billion, a PE ratio of 12.07 and a beta of 0.76. The stock’s 50-day moving average price is $90.95 and its 200-day moving average price is $87.96.

QCR (NASDAQ:QCRH) last posted its earnings results on Wednesday, April 22nd. The bank reported $1.99 EPS for the quarter, beating 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 firm had revenue of $89.52 million for the quarter, compared to analysts’ expectations of $105.42 million. As a group, equities analysts expect that QCR Holdings, Inc. will post 8.13 EPS for the current fiscal year.

QCR Dividend Announcement

The firm 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 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 Transactions at QCR

In other news, CEO Laura L. Ekizian sold 750 shares of the firm’s stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $94.96, for a total transaction of $71,220.00. Following the sale, the chief executive officer directly owned 6,093 shares in the company, valued at $578,591.28. This trade represents a 10.96% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider James D. Klein sold 310 shares of the firm’s stock in a transaction dated Thursday, April 30th. The shares were sold at an average price of $91.00, for a total value of $28,210.00. Following the sale, the insider owned 428 shares in the company, valued at $38,948. This trade represents a 42.01% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 3.20% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

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

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.