FJ Capital Management LLC Has $21.48 Million 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 increased its holdings in shares of QCR Holdings, Inc. (NASDAQ:QCRH - Free Report) by 8.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 301,205 shares of the bank's stock after purchasing an additional 22,233 shares during the period. QCR makes up 2.2% of FJ Capital Management LLC's portfolio, making the stock its 15th biggest position. FJ Capital Management LLC owned approximately 1.78% of QCR worth $21,482,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Vanguard Group Inc. lifted its holdings in shares of QCR by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 952,780 shares of the bank's stock valued at $67,952,000 after purchasing an additional 7,002 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of QCR by 0.9% during the 1st quarter. The Manufacturers Life Insurance Company now owns 233,096 shares of the bank's stock valued at $16,624,000 after purchasing an additional 2,064 shares in the last quarter. Nuveen LLC bought a new stake in QCR in the 1st quarter valued at approximately $14,618,000. Silvercrest Asset Management Group LLC lifted its stake in QCR by 38.4% in the 4th quarter. Silvercrest Asset Management Group LLC now owns 195,092 shares of the bank's stock valued at $15,732,000 after acquiring an additional 54,161 shares in the last quarter. Finally, Nuveen Asset Management LLC lifted its stake in QCR by 0.3% in the 4th quarter. Nuveen Asset Management LLC now owns 177,026 shares of the bank's stock valued at $14,275,000 after acquiring an additional 609 shares in the last quarter. Institutional investors own 70.01% of the company's stock.

Insider Activity

In other news, CEO Laura L. Ekizian sold 333 shares of the company's stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $80.00, for a total transaction of $26,640.00. Following the sale, the chief executive officer owned 5,632 shares in the company, valued at $450,560. This represents a 5.58% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. 3.70% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

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

QCR Stock Down 0.6%

Shares of QCR stock traded down $0.47 on Friday, reaching $78.35. 54,771 shares of the company were exchanged, compared to its average volume of 91,618. QCR Holdings, Inc. has a one year low of $60.83 and a one year high of $96.08. The company has a market capitalization of $1.33 billion, a price-to-earnings ratio of 11.80 and a beta of 0.87. 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 50-day moving average of $74.37 and a 200 day moving average of $70.77.

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

QCR Announces Dividend

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