Lido Advisors LLC Boosts Stake in QCR Holdings, Inc. $QCRH

Lido Advisors LLC increased its stake in QCR Holdings, Inc. (NASDAQ:QCRH) by 28.6% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 23,500 shares of the bank’s stock after purchasing an additional 5,233 shares during the quarter. Lido Advisors LLC’s holdings in QCR were worth $2,008,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of QCRH. Hotchkis & Wiley Capital Management LLC bought a new position in shares of QCR during the 3rd quarter valued at approximately $9,825,000. Kennedy Capital Management LLC increased its holdings in QCR by 9.7% in the 4th quarter. Kennedy Capital Management LLC now owns 762,068 shares of the bank’s stock worth $63,480,000 after acquiring an additional 67,517 shares in the last quarter. Endeavour Capital Advisors Inc. raised its stake 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 acquiring an additional 62,032 shares during the period. Kestrel Investment Management Corp bought a new stake in QCR during the 4th quarter worth approximately $4,636,000. Finally, Millennium Management LLC lifted its holdings in QCR by 124.5% during the first quarter. Millennium Management LLC now owns 98,583 shares of the bank’s stock valued at $7,031,000 after purchasing an additional 54,678 shares in the last quarter. 70.01% of the stock is currently owned by hedge funds and other institutional investors.

QCR Stock Performance

QCRH stock opened at $100.15 on Monday. QCR Holdings, Inc. has a 1-year low of $66.65 and a 1-year high of $101.42. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.96 and a quick ratio of 0.89. The company has a market capitalization of $1.65 billion, a price-to-earnings ratio of 11.84 and a beta of 0.75. The business has a 50 day simple moving average of $94.91 and a two-hundred day simple moving average of $90.55.

QCR (NASDAQ:QCRH) last announced its quarterly earnings data on Wednesday, July 22nd. The bank reported $2.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.91 by $0.28. The business had revenue of $97.34 million during the quarter, compared to analyst estimates of $104.10 million. QCR had a net margin of 22.86% and a return on equity of 13.00%. Research analysts anticipate that QCR Holdings, Inc. will post 8.13 EPS for the current fiscal year.

QCR Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, July 3rd. Investors of record on Thursday, June 18th were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend was Thursday, June 18th. QCR’s dividend payout ratio (DPR) is presently 4.73%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Keefe, Bruyette & Woods increased their price objective on shares of QCR from $105.00 to $108.00 and gave the stock an “outperform” rating in a research note on Friday. Weiss Ratings restated a “buy (b)” rating on shares of QCR in a research report on Monday, July 6th. Raymond James Financial restated an “outperform” rating and set a $99.00 target price on shares of QCR in a research note on Monday, April 27th. Finally, Piper Sandler dropped their target price on shares of QCR from $108.00 to $107.00 and set an “overweight” rating for the company in a 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. Based on data from MarketBeat.com, QCR has a consensus rating of “Moderate Buy” and an average target price of $102.50.

Insider Buying and Selling at QCR

In other QCR news, CEO Laura L. Ekizian sold 750 shares of QCR stock in a transaction 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 sale, the chief executive officer directly owned 6,093 shares in the company, valued at approximately $578,591.28. The trade was a 10.96% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider James D. Klein sold 310 shares of QCR stock in a transaction on Thursday, April 30th. The shares were 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 approximately $38,948. This represents a 42.01% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 3.20% of the company’s stock.

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.