Dean Capital Management Purchases 3,808 Shares of QCR Holdings, Inc. $QCRH

Key Points

• Dean Capital Management increased its stake in QCR Holdings, Inc. by 13.5%, owning 32,050 shares valued at approximately $2.29 million, making it the 23rd largest holding in their portfolio.
• QCR Holdings declared a quarterly dividend of $0.06 per share, with an annualized dividend yield of 0.3%, payable on October 3rd to shareholders of record on September 18th.
• Analysts have a consensus "Buy" rating on QCR Holdings, with an average price target of $87.38, reflecting positive sentiment and expectations for the stock's performance.

Dean Capital Management increased its position in QCR Holdings, Inc. (NASDAQ:QCRH - Free Report) by 13.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 32,050 shares of the bank's stock after purchasing an additional 3,808 shares during the quarter. QCR makes up 1.0% of Dean Capital Management's portfolio, making the stock its 23rd biggest position. Dean Capital Management owned 0.19% of QCR worth $2,286,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in QCRH. Price T Rowe Associates Inc. MD increased its position in QCR by 12.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 10,673 shares of the bank's stock worth $861,000 after purchasing an additional 1,222 shares during the period. Northern Trust Corp increased its position in QCR by 4.2% in the fourth quarter. Northern Trust Corp now owns 153,658 shares of the bank's stock worth $12,391,000 after purchasing an additional 6,191 shares during the period. Mercer Global Advisors Inc. ADV increased its position in QCR by 5.2% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 5,698 shares of the bank's stock worth $460,000 after purchasing an additional 283 shares during the period. Bank of America Corp DE increased its position in QCR by 72.8% in the fourth quarter. Bank of America Corp DE now owns 35,191 shares of the bank's stock worth $2,838,000 after purchasing an additional 14,825 shares during the period. Finally, Cubist Systematic Strategies LLC increased its position in QCR by 987.6% in the fourth quarter. Cubist Systematic Strategies LLC now owns 24,471 shares of the bank's stock worth $1,973,000 after purchasing an additional 22,221 shares during the period. 70.01% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at QCR

In other news, CEO Laura L. Ekizian sold 1,000 shares of QCR stock in a transaction dated Tuesday, August 26th. The stock was sold at an average price of $80.00, for a total transaction of $80,000.00. Following the transaction, the chief executive officer owned 5,965 shares in the company, valued at $477,200. The trade was a 14.36% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 3.70% of the stock is owned by company insiders.

QCR Stock Down 1.7%

Shares of NASDAQ:QCRH traded down $1.34 during trading on Friday, hitting $76.78. 92,937 shares of the company's stock traded hands, compared to its average volume of 74,873. QCR Holdings, Inc. has a 52 week low of $60.83 and a 52 week high of $96.08. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.48. The company has a market cap of $1.30 billion, a price-to-earnings ratio of 11.56 and a beta of 0.87. The company has a 50-day moving average price of $75.01 and a 200-day moving average price of $70.76.

QCR (NASDAQ:QCRH - Get Free Report) last released its quarterly earnings data on Wednesday, July 23rd. The bank reported $1.73 earnings per share for the quarter, beating the consensus estimate of $1.63 by $0.10. QCR had a return on equity of 11.71% and a net margin of 19.43%.The business had revenue of $84.20 million for the quarter, compared to analysts' expectations of $95.11 million. As a group, research analysts forecast that QCR Holdings, Inc. will post 6.82 EPS for the current fiscal year.

QCR Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 3rd. Stockholders of record on Thursday, September 18th will be issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.3%. The ex-dividend date is Thursday, September 18th. QCR's payout ratio is 3.61%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on QCRH. Wall Street Zen upgraded QCR from a "sell" rating to a "hold" rating in a report on Saturday, July 26th. Keefe, Bruyette & Woods restated an "outperform" rating and set a $92.00 target price (up previously from $90.00) on shares of QCR in a report on Friday, July 25th. DA Davidson raised their target price on QCR from $80.00 to $87.00 and gave the stock a "buy" rating in a report on Friday, July 25th. Finally, Piper Sandler raised their target price on QCR from $88.00 to $92.50 and gave the stock an "overweight" rating in a report on Monday, July 28th. Four analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, QCR has an average rating of "Buy" and an average price target of $87.38.

About QCR

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.