Mairs & Power Inc. Sells 12,833 Shares of QCR Holdings, Inc. $QCRH

Mairs & Power Inc. lessened its holdings in QCR Holdings, Inc. (NASDAQ:QCRH) by 10.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 104,791 shares of the bank’s stock after selling 12,833 shares during the quarter. Mairs & Power Inc. owned approximately 0.62% of QCR worth $7,926,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. State of Alaska Department of Revenue bought a new stake in shares of QCR in the third quarter worth $51,000. Quadrant Capital Group LLC acquired a new stake in QCR in the third quarter valued at $72,000. Russell Investments Group Ltd. bought a new position in QCR during the 3rd quarter worth $104,000. Entropy Technologies LP acquired a new position in QCR during the 2nd quarter worth about $210,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in QCR during the 3rd quarter worth about $224,000. 70.01% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. DA Davidson increased their price target on QCR from $92.00 to $96.00 and gave the company a “neutral” rating in a research note on Thursday, January 29th. Zacks Research lowered QCR from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 29th. Raymond James Financial reissued an “outperform” rating and set a $103.00 target price on shares of QCR in a research report on Friday, January 30th. Piper Sandler restated an “overweight” rating and set a $108.00 price target (up from $105.00) on shares of QCR in a report on Friday, January 30th. Finally, Weiss Ratings upgraded shares of QCR from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, February 2nd. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $102.25.

QCR Price Performance

Shares of QCRH opened at $82.64 on Tuesday. The firm has a market cap of $1.38 billion, a PE ratio of 11.00 and a beta of 0.82. QCR Holdings, Inc. has a 52-week low of $60.83 and a 52-week high of $96.00. The business’s 50 day moving average price is $88.18 and its two-hundred day moving average price is $82.07. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.00 and a current ratio of 1.00.

QCR (NASDAQ:QCRH) last announced its quarterly earnings data on Tuesday, January 27th. The bank reported $2.21 EPS for the quarter, topping the consensus estimate of $1.96 by $0.25. QCR had a net margin of 21.07% and a return on equity of 12.13%. The company had revenue of $107.02 million during the quarter, compared to the consensus estimate of $106.87 million. On average, equities analysts anticipate that QCR Holdings, Inc. will post 6.82 EPS for the current year.

QCR Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 3rd. Shareholders of record on Thursday, March 19th will be issued a $0.10 dividend. The ex-dividend date is Thursday, March 19th. This is a positive change from QCR’s previous quarterly dividend of $0.06. This represents a $0.40 dividend on an annualized basis and a yield of 0.5%. QCR’s dividend payout ratio is 3.20%.

Insider Buying and Selling at QCR

In other QCR news, insider James D. Klein sold 554 shares of QCR stock in a transaction on Thursday, March 12th. The shares were sold at an average price of $82.50, for a total value of $45,705.00. Following the completion of the sale, the insider directly owned 738 shares of the company’s stock, valued at approximately $60,885. The trade was a 42.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Todd A. Gipple sold 8,590 shares of the company’s stock in a transaction dated Friday, January 30th. The shares were sold at an average price of $89.92, for a total transaction of $772,412.80. Following the transaction, the chief financial officer owned 44,902 shares in the company, valued at $4,037,587.84. This represents a 16.06% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 3.70% of the company’s stock.

QCR Profile

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.