Bridgeway Capital Management LLC Grows 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% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 176,267 shares of the bank's stock after buying an additional 51,240 shares during the period. Bridgeway Capital Management LLC owned about 1.04% of QCR worth $14,214,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Barclays PLC raised its holdings in QCR by 148.9% during the 3rd quarter. Barclays PLC now owns 30,805 shares of the bank's stock worth $2,281,000 after purchasing an additional 18,430 shares during the last quarter. Principal Financial Group Inc. raised its stake in QCR by 11.2% during the third quarter. Principal Financial Group Inc. now owns 8,306 shares of the bank's stock worth $615,000 after buying an additional 834 shares during the last quarter. JPMorgan Chase & Co. boosted its position in QCR by 10.8% during the third quarter. JPMorgan Chase & Co. now owns 421,843 shares of the bank's stock valued at $31,229,000 after acquiring an additional 41,043 shares during the last quarter. Assenagon Asset Management S.A. acquired a new stake in QCR during the 4th quarter worth about $3,755,000. Finally, SG Americas Securities LLC raised its position in shares of QCR by 136.5% in the 4th quarter. SG Americas Securities LLC now owns 5,053 shares of the bank's stock worth $407,000 after acquiring an additional 2,916 shares in the last quarter. 70.01% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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

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 stock traded hands, compared to its average volume of 75,607. QCR Holdings, Inc. has a one year low of $54.75 and a one year high of $96.08. The business has a 50 day moving average price of $68.58 and a two-hundred day moving average price of $77.69. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.99 and a current ratio of 1.02. The company has a market cap of $1.14 billion, a PE ratio of 10.01 and a beta of 0.80.

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

QCR Dividend Announcement

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

Insider Activity

In related news, CEO Larry J. Helling bought 1,000 shares of QCR stock in a transaction dated Monday, April 28th. The stock was purchased at an average cost of $64.53 per share, with a total value of $64,530.00. Following the transaction, the chief executive officer now directly owns 40,264 shares of the company's stock, valued at approximately $2,598,235.92. The trade was a 2.55 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider James D. Klein sold 630 shares of QCR stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $73.40, for a total transaction of $46,242.00. Following the completion of the sale, the insider now directly owns 428 shares in the company, valued at $31,415.20. This trade 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.