Y Intercept Hong Kong Ltd Invests $533,000 in QCR Holdings, Inc. $QCRH

Y Intercept Hong Kong Ltd bought a new stake in QCR Holdings, Inc. (NASDAQ:QCRH) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 6,238 shares of the bank’s stock, valued at approximately $533,000.

A number of other large investors have also recently made changes to their positions in the company. AQR Capital Management LLC increased its position in QCR by 20.7% during the first quarter. AQR Capital Management LLC now owns 38,470 shares of the bank’s stock worth $2,744,000 after buying an additional 6,607 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of QCR by 4.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,729 shares of the bank’s stock worth $694,000 after acquiring an additional 403 shares during the last quarter. Millennium Management LLC grew its position in shares of QCR by 124.5% during the first quarter. Millennium Management LLC now owns 98,583 shares of the bank’s stock worth $7,031,000 after acquiring an additional 54,678 shares during the last quarter. Jane Street Group LLC increased its holdings in shares of QCR by 106.5% in the 1st quarter. Jane Street Group LLC now owns 30,052 shares of the bank’s stock valued at $2,143,000 after acquiring an additional 15,501 shares during the period. Finally, Legal & General Group Plc raised its position in QCR by 1.0% in the 2nd quarter. Legal & General Group Plc now owns 17,366 shares of the bank’s stock valued at $1,179,000 after purchasing an additional 165 shares during the last quarter. 70.01% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

QCRH has been the topic of several research reports. Piper Sandler lowered their price objective on shares of QCR from $108.00 to $107.00 and set an “overweight” rating on the stock in a research report on Monday, April 27th. Raymond James Financial reaffirmed an “outperform” rating and issued a $99.00 target price on shares of QCR in a report on Monday, April 27th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of QCR in a research note on Monday, July 6th. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $101.00.

QCR Stock Performance

Shares of QCRH opened at $96.81 on Tuesday. The stock has a market capitalization of $1.60 billion, a P/E ratio of 12.13 and a beta of 0.75. 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 1 year low of $66.65 and a 1 year high of $99.87. The company’s fifty day moving average is $93.49 and its two-hundred day moving average is $89.66.

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

QCR Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 3rd. Investors of record on Thursday, June 18th were given a $0.10 dividend. The ex-dividend date was Thursday, June 18th. This represents a $0.40 dividend on an annualized basis and a yield of 0.4%. QCR’s dividend payout ratio (DPR) is presently 5.01%.

Insider Buying and Selling

In other news, insider James D. Klein sold 310 shares of the 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 transaction, the insider directly owned 428 shares of the company’s stock, valued at approximately $38,948. This represents a 42.01% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Laura L. Ekizian sold 750 shares of the firm’s 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 completion of the sale, the chief executive officer directly owned 6,093 shares of the company’s stock, valued at $578,591.28. This represents a 10.96% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 3.20% of the stock is currently owned by insiders.

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.