Jacobs Asset Management LLC Reduces Position in QCR Holdings, Inc. $QCRH

Jacobs Asset Management LLC decreased its position in QCR Holdings, Inc. (NASDAQ:QCRH) by 12.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 109,694 shares of the bank’s stock after selling 15,306 shares during the quarter. QCR makes up approximately 5.1% of Jacobs Asset Management LLC’s portfolio, making the stock its 6th largest holding. Jacobs Asset Management LLC owned 0.65% of QCR worth $9,138,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Assetmark Inc. bought a new position in QCR during the fourth quarter worth $37,000. Farther Finance Advisors LLC increased its position in QCR by 34.6% during the fourth quarter. Farther Finance Advisors LLC now owns 576 shares of the bank’s stock worth $48,000 after acquiring an additional 148 shares during the period. Quadrant Capital Group LLC bought a new position in QCR during the third quarter worth $72,000. Russell Investments Group Ltd. bought a new position in QCR during the third quarter worth $104,000. Finally, Meeder Asset Management Inc. increased its position in QCR by 59.2% during the fourth quarter. Meeder Asset Management Inc. now owns 1,995 shares of the bank’s stock worth $166,000 after acquiring an additional 742 shares during the period. Institutional investors own 70.01% of the company’s stock.

Insider Buying and Selling

In other QCR news, insider James D. Klein sold 310 shares of the company’s 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 owned 428 shares of the company’s stock, valued at $38,948. This represents a 42.01% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Laura L. Ekizian sold 750 shares of the 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 approximately $578,591.28. The trade was a 10.96% decrease in their position. The SEC filing for this sale provides additional information. 3.20% of the stock is currently owned by corporate insiders.

QCR Stock Down 0.1%

Shares of NASDAQ:QCRH opened at $96.33 on Friday. QCR Holdings, Inc. has a 52 week low of $63.68 and a 52 week high of $97.25. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.89 and a current ratio of 0.96. The company’s fifty day moving average is $90.95 and its 200-day moving average is $87.96. The company has a market capitalization of $1.59 billion, a PE ratio of 12.07 and a beta of 0.76.

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

QCR Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 3rd. Stockholders of record on Thursday, June 18th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Thursday, June 18th. 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

A number of brokerages recently issued reports on QCRH. Raymond James Financial reaffirmed an “outperform” rating and set a $99.00 target price on shares of QCR in a research report on Monday, April 27th. Piper Sandler dropped their target price 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. Four analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $101.00.

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.