Jackson Creek Investment Advisors LLC Invests $1.23 Million in QCR Holdings, Inc. $QCRH

Jackson Creek Investment Advisors LLC acquired a new position in shares of QCR Holdings, Inc. (NASDAQ:QCRH) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 16,231 shares of the bank’s stock, valued at approximately $1,228,000. Jackson Creek Investment Advisors LLC owned approximately 0.10% of QCR at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. Geode Capital Management LLC lifted its stake in QCR by 2.6% in the second quarter. Geode Capital Management LLC now owns 435,133 shares of the bank’s stock valued at $29,549,000 after acquiring an additional 11,033 shares during the last quarter. Kennedy Capital Management LLC raised its holdings in shares of QCR by 33.6% during the 2nd quarter. Kennedy Capital Management LLC now owns 333,667 shares of the bank’s stock valued at $22,656,000 after purchasing an additional 83,977 shares in the last quarter. Endeavour Capital Advisors Inc. lifted its stake in shares of QCR by 0.5% in the 2nd quarter. Endeavour Capital Advisors Inc. now owns 221,076 shares of the bank’s stock valued at $15,011,000 after purchasing an additional 1,100 shares during the last quarter. Schroder Investment Management Group boosted its holdings in QCR by 25.2% in the second quarter. Schroder Investment Management Group now owns 188,481 shares of the bank’s stock worth $12,809,000 after purchasing an additional 37,905 shares in the last quarter. Finally, Bridgeway Capital Management LLC increased its position in QCR by 0.8% during the second quarter. Bridgeway Capital Management LLC now owns 171,003 shares of the bank’s stock worth $11,611,000 after buying an additional 1,372 shares during the last quarter. Institutional investors own 70.01% of the company’s stock.

QCR Price Performance

NASDAQ:QCRH opened at $92.35 on Tuesday. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.01 and a quick ratio of 1.01. QCR Holdings, Inc. has a one year low of $60.83 and a one year high of $92.87. The company has a fifty day moving average price of $85.58 and a 200 day moving average price of $78.98. The stock has a market cap of $1.56 billion, a P/E ratio of 12.30 and a beta of 0.82.

QCR (NASDAQ:QCRH) last posted its quarterly earnings data on Tuesday, January 27th. The bank reported $2.21 earnings per share (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 12.30%. The company had revenue of $107.02 million for the quarter, compared to the consensus estimate of $106.87 million. Analysts anticipate that QCR Holdings, Inc. will post 6.82 earnings per share for the current year.

QCR Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 7th. Shareholders of record on Tuesday, December 23rd were given a $0.06 dividend. The ex-dividend date was Tuesday, December 23rd. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.3%. QCR’s dividend payout ratio (DPR) is currently 3.20%.

Insider Buying and Selling at QCR

In other news, CFO Todd A. Gipple sold 8,590 shares of the business’s stock in a transaction that occurred on Friday, January 30th. The stock was sold at an average price of $89.92, for a total transaction of $772,412.80. Following the sale, the chief financial officer directly owned 44,902 shares in the company, valued at approximately $4,037,587.84. The trade was a 16.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 3.70% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. DA Davidson increased their price objective on QCR from $92.00 to $96.00 and gave the company a “neutral” rating in a report on Thursday, January 29th. Raymond James Financial reaffirmed an “outperform” rating and set a $103.00 target price on shares of QCR in a research report on Friday. Piper Sandler restated an “overweight” rating and issued a $108.00 price objective (up from $105.00) on shares of QCR in a research note on Friday. Keefe, Bruyette & Woods upped their price objective on shares of QCR from $92.00 to $102.00 and gave the stock an “outperform” rating in a report on Thursday, January 29th. Finally, Zacks Research lowered shares of QCR from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 29th. Three equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, QCR currently has a consensus rating of “Moderate Buy” and an average price target of $102.25.

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.