FJ Capital Management LLC Raises Stock Position in QCR Holdings, Inc. $QCRH

Key Points

• FJ Capital Management LLC has increased its stake in QCR Holdings, Inc. by 8.0%, now owning approximately $21.48 million worth of shares, making it their 15th biggest position.
• QCR Holdings recently announced a quarterly dividend of $0.06 per share, with a yield of 0.3%, to be paid on October 3rd.
• Several analysts have upgraded their ratings for QCR, with target prices now ranging from $87.00 to $92.50, indicating a positive outlook among researchers.

FJ Capital Management LLC boosted its stake in shares of QCR Holdings, Inc. (NASDAQ:QCRH - Free Report) by 8.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 301,205 shares of the bank's stock after purchasing an additional 22,233 shares during the period. QCR comprises 2.2% of FJ Capital Management LLC's portfolio, making the stock its 15th largest holding. FJ Capital Management LLC owned about 1.78% of QCR worth $21,482,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. New Age Alpha Advisors LLC bought a new position in QCR in the first quarter worth approximately $46,000. Lazard Asset Management LLC raised its position in QCR by 3,042.1% in the fourth quarter. Lazard Asset Management LLC now owns 597 shares of the bank's stock worth $48,000 after acquiring an additional 578 shares during the period. EntryPoint Capital LLC bought a new position in QCR in the first quarter worth approximately $210,000. R Squared Ltd raised its position in QCR by 309.3% in the first quarter. R Squared Ltd now owns 3,250 shares of the bank's stock worth $232,000 after acquiring an additional 2,456 shares during the period. Finally, B. Riley Wealth Advisors Inc. bought a new position in QCR in the fourth quarter worth approximately $237,000. 70.01% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, CEO Laura L. Ekizian sold 1,000 shares of the firm's stock in a transaction on Tuesday, August 26th. The shares were sold at an average price of $80.00, for a total transaction of $80,000.00. Following the completion of the transaction, the chief executive officer directly owned 5,965 shares of the company's stock, valued at approximately $477,200. This trade represents a 14.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 3.70% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. DA Davidson increased their price target on shares of QCR from $80.00 to $87.00 and gave the stock a "buy" rating in a research report on Friday, July 25th. Keefe, Bruyette & Woods reiterated an "outperform" rating and issued a $92.00 price target (up from $90.00) on shares of QCR in a research report on Friday, July 25th. Wall Street Zen upgraded shares of QCR from a "sell" rating to a "hold" rating in a research report on Saturday, July 26th. Finally, Piper Sandler raised their price objective on shares of QCR from $88.00 to $92.50 and gave the company an "overweight" rating in a research report on Monday, July 28th. Four investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has an average rating of "Buy" and an average price target of $87.38.

QCR Price Performance

QCRH traded up $0.82 during trading on Thursday, hitting $78.82. 64,172 shares of the company traded hands, compared to its average volume of 94,257. The company has a market cap of $1.34 billion, a PE ratio of 11.87 and a beta of 0.87. The stock's 50-day simple moving average is $73.94 and its two-hundred day simple moving average is $70.75. QCR Holdings, Inc. has a 1 year low of $60.83 and a 1 year 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.

QCR (NASDAQ:QCRH - Get Free Report) last posted its earnings results 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. The company had revenue of $84.20 million during the quarter, compared to analysts' expectations of $95.11 million. QCR had a net margin of 19.43% and a return on equity of 11.71%. As a group, sell-side analysts anticipate that QCR Holdings, Inc. will post 6.82 earnings per share for the current fiscal year.

QCR Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 3rd. Investors of record on Thursday, September 18th will be paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend is Thursday, September 18th. QCR's dividend payout ratio (DPR) is presently 3.61%.

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.