Kestrel Investment Management Corp Invests $4.64 Million in QCR Holdings, Inc. $QCRH

Kestrel Investment Management Corp acquired a new position in QCR Holdings, Inc. (NASDAQ:QCRH) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 55,650 shares of the bank’s stock, valued at approximately $4,636,000. QCR comprises 2.6% of Kestrel Investment Management Corp’s investment portfolio, making the stock its 18th biggest holding.

Several other institutional investors and hedge funds have also recently modified their holdings of QCRH. Assetmark Inc. purchased a new stake in shares of QCR in the fourth quarter worth approximately $37,000. Farther Finance Advisors LLC raised its stake in shares of QCR by 34.6% in the fourth quarter. Farther Finance Advisors LLC now owns 576 shares of the bank’s stock worth $48,000 after purchasing an additional 148 shares during the last quarter. State of Alaska Department of Revenue purchased a new stake in shares of QCR in the third quarter worth approximately $51,000. Quadrant Capital Group LLC purchased a new stake in shares of QCR during the third quarter valued at approximately $72,000. Finally, Russell Investments Group Ltd. purchased a new stake in shares of QCR during the third quarter valued at approximately $104,000. 70.01% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at QCR

In other news, insider James D. Klein sold 554 shares of the firm’s stock in a transaction on Thursday, March 12th. The stock was sold at an average price of $82.50, for a total value of $45,705.00. Following the completion of the transaction, the insider directly owned 738 shares of the company’s stock, valued at $60,885. This trade represents a 42.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 3.20% of the stock is owned by insiders.

QCR Price Performance

Shares of NASDAQ QCRH opened at $91.07 on Friday. The stock has a fifty day simple moving average of $87.31 and a two-hundred day simple moving average of $85.12. QCR Holdings, Inc. has a 1-year low of $63.68 and a 1-year high of $96.00. The firm has a market cap of $1.52 billion, a price-to-earnings ratio of 11.41 and a beta of 0.77. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.57.

QCR (NASDAQ:QCRH) last announced its quarterly earnings data 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 12.65% and a net margin of 21.98%.The business had revenue of $89.52 million during the quarter, compared to analyst estimates of $105.42 million. Analysts anticipate that QCR Holdings, Inc. will post 8.13 earnings per share for the current year.

QCR Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 3rd. Stockholders of record on Thursday, March 19th were issued a $0.10 dividend. The ex-dividend date of this dividend was Thursday, March 19th. This is an increase from QCR’s previous quarterly dividend of $0.06. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.4%. QCR’s dividend payout ratio is 5.01%.

Wall Street Analyst Weigh In

QCRH has been the subject of a number of research analyst reports. DA Davidson increased their price target on QCR from $92.00 to $96.00 and gave the company a “neutral” rating in a research report on Thursday, January 29th. Weiss Ratings raised QCR from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, February 2nd. 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 decreased their price target on QCR from $108.00 to $107.00 and set an “overweight” rating for the company in a research report on Monday, April 27th. Finally, Keefe, Bruyette & Woods increased their price target on QCR from $92.00 to $102.00 and gave the company an “outperform” rating in a research report on Thursday, January 29th. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $101.00.

QCR Company 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.