QCR Holdings, Inc. $QCRH Shares Sold by Bridgeway Capital Management LLC

Bridgeway Capital Management LLC reduced its position in QCR Holdings, Inc. (NASDAQ:QCRH) by 4.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 166,023 shares of the bank’s stock after selling 8,548 shares during the quarter. Bridgeway Capital Management LLC owned approximately 0.99% of QCR worth $13,830,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in QCRH. Assetmark Inc. purchased a new position in shares of QCR in the 4th quarter valued at about $37,000. Farther Finance Advisors LLC boosted its stake in shares of 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 buying an additional 148 shares during the period. Kemnay Advisory Services Inc. purchased a new position in shares of QCR in the 4th quarter valued at about $61,000. Quadrant Capital Group LLC purchased a new position in shares of QCR in the 3rd quarter valued at about $72,000. Finally, Russell Investments Group Ltd. purchased a new position in shares of QCR in the 3rd quarter valued at about $104,000. Hedge funds and other institutional investors own 70.01% of the company’s stock.

QCR Price Performance

QCRH stock opened at $94.53 on Thursday. The business has a 50 day moving average price of $91.40 and a 200 day moving average price of $88.30. The stock has a market cap of $1.56 billion, a price-to-earnings ratio of 11.85 and a beta of 0.76. QCR Holdings, Inc. has a fifty-two week low of $64.06 and a fifty-two 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.

QCR (NASDAQ:QCRH) last posted its earnings results on Wednesday, April 22nd. The bank reported $1.99 earnings per share for the quarter, topping the consensus estimate of $1.78 by $0.21. The firm had revenue of $89.52 million during the quarter, compared to analysts’ expectations of $105.42 million. QCR had a return on equity of 12.54% and a net margin of 21.98%. Equities research analysts anticipate that QCR Holdings, Inc. will post 8.13 earnings per share for the current fiscal year.

QCR Dividend Announcement

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

Insider Activity at QCR

In related news, insider James D. Klein sold 310 shares of the business’s stock in a transaction that occurred on 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 $38,948. The trade was a 42.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Laura L. Ekizian sold 750 shares of the business’s stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $94.96, for a total value of $71,220.00. Following the sale, the chief executive officer owned 6,093 shares of the company’s stock, valued at approximately $578,591.28. The trade was a 10.96% decrease in their position. The SEC filing for this sale provides additional information. 3.20% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

QCRH has been the subject of several recent research reports. Piper Sandler decreased their price objective on QCR from $108.00 to $107.00 and set an “overweight” rating for the company in a research note on Monday, April 27th. Raymond James Financial reiterated an “outperform” rating and issued a $99.00 price objective on shares of QCR in a research note 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. According to MarketBeat.com, QCR presently has an average rating of “Moderate Buy” and a consensus 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.