Bridgeway Capital Management LLC Raises Stake in QCR Holdings, Inc. (NASDAQ:QCRH)

Bridgeway Capital Management LLC increased its holdings in shares of QCR Holdings, Inc. (NASDAQ:QCRH - Free Report) by 41.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 176,267 shares of the bank's stock after purchasing an additional 51,240 shares during the quarter. Bridgeway Capital Management LLC owned 1.04% of QCR worth $14,214,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Farther Finance Advisors LLC purchased a new position in shares of QCR during the 4th quarter worth approximately $35,000. R Squared Ltd acquired a new stake in shares of QCR in the fourth quarter valued at $64,000. LPL Financial LLC purchased a new stake in shares of QCR in the 4th quarter valued at $263,000. Aquatic Capital Management LLC grew its position in QCR by 109.9% in the 4th quarter. Aquatic Capital Management LLC now owns 3,569 shares of the bank's stock valued at $288,000 after acquiring an additional 1,869 shares in the last quarter. Finally, KLP Kapitalforvaltning AS purchased a new stake in QCR during the fourth quarter worth about $307,000. 70.01% of the stock is currently owned by hedge funds and other institutional investors.

QCR Stock Down 0.3 %

Shares of NASDAQ QCRH traded down $0.22 during midday trading on Friday, hitting $67.16. 48,165 shares of the company's stock were exchanged, compared to its average volume of 75,396. The firm's fifty day simple moving average is $68.58 and its 200-day simple moving average is $77.69. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.02 and a quick ratio of 0.99. The company has a market cap of $1.14 billion, a PE ratio of 10.01 and a beta of 0.80. QCR Holdings, Inc. has a twelve month low of $54.75 and a twelve month high of $96.08.

QCR (NASDAQ:QCRH - Get Free Report) last announced its quarterly earnings results on Tuesday, April 22nd. The bank reported $1.53 EPS for the quarter, topping the consensus estimate of $1.52 by $0.01. QCR had a net margin of 19.06% and a return on equity of 12.68%. The firm had revenue of $76.88 million for the quarter, compared to analyst estimates of $94.01 million. During the same period last year, the business earned $1.59 EPS. Research analysts predict that QCR Holdings, Inc. will post 6.82 EPS for the current fiscal year.

QCR Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Wednesday, March 19th were paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.36%. The ex-dividend date of this dividend was Wednesday, March 19th. QCR's dividend payout ratio is presently 3.61%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Keefe, Bruyette & Woods dropped their price objective on shares of QCR from $99.00 to $90.00 and set an "outperform" rating for the company in a report on Thursday, April 24th. Raymond James set a $78.00 target price on QCR and gave the stock an "outperform" rating in a research note on Thursday, April 24th. Finally, Piper Sandler reduced their price target on QCR from $98.00 to $88.00 and set an "overweight" rating on the stock in a research report on Thursday, April 24th.

Insider Activity

In other QCR news, CEO Larry J. Helling bought 1,000 shares of the company's stock in a transaction on Monday, April 28th. The shares were bought at an average price of $64.53 per share, for a total transaction of $64,530.00. Following the transaction, the chief executive officer now owns 40,264 shares of the company's stock, valued at approximately $2,598,235.92. This trade represents a 2.55 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider James D. Klein sold 630 shares of the business's stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $73.40, for a total transaction of $46,242.00. Following the sale, the insider now directly owns 428 shares in the company, valued at approximately $31,415.20. This represents a 59.55 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 3.70% of the company's stock.

QCR Company Profile

QCR Holdings, Inc, a multi-bank holding company, provides commercial and consumer banking, and trust and asset management services. The company's deposit products include noninterest-bearing demand, interest-bearing demand, time, and brokered deposits. It also provides various commercial and retail lending/leasing, and investment services to corporations, partnerships, individuals, and government agencies.