Globeflex Capital L P Acquires Shares of 18,154 QCR Holdings, Inc. $QCRH

Globeflex Capital L P acquired a new position in QCR Holdings, Inc. (NASDAQ:QCRH - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 18,154 shares of the bank's stock, valued at approximately $1,767,000. Globeflex Capital L P owned about 0.11% of QCR as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Assetmark Inc. purchased a new position in QCR in the 4th quarter worth about $37,000. Farther Finance Advisors LLC grew its stake in shares of QCR by 34.6% in the fourth quarter. Farther Finance Advisors LLC now owns 576 shares of the bank's stock worth $48,000 after acquiring an additional 148 shares during the period. Kemnay Advisory Services Inc. purchased a new position in shares of QCR during the fourth quarter valued at approximately $61,000. Blue Trust Inc. bought a new stake in shares of QCR during the 1st quarter valued at about $71,000. Finally, Quadrant Capital Group LLC purchased a new stake in shares of QCR during the 3rd quarter valued at about $72,000. 70.01% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at QCR

In other QCR news, CEO Laura L. Ekizian sold 750 shares of the company's stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $94.96, for a total value of $71,220.00. Following the transaction, the chief executive officer owned 6,093 shares of the company's stock, valued at $578,591.28. This represents a 10.96% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 3.20% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on QCRH. Raymond James Financial reiterated an "outperform" rating and set a $99.00 price target on shares of QCR in a research note on Monday, April 27th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of QCR in a report on Monday, July 6th. DA Davidson upped their price target on QCR from $97.00 to $105.00 and gave the stock a "neutral" rating in a research note on Monday, July 27th. Piper Sandler reaffirmed an "overweight" rating and set a $123.00 price objective (up from $107.00) on shares of QCR in a report on Monday, July 27th. Finally, Keefe, Bruyette & Woods lifted their target price on QCR from $105.00 to $108.00 and gave the stock an "outperform" rating in a report on Friday, July 24th. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $108.75.

QCR Trading Down 0.3%

QCRH opened at $100.90 on Tuesday. The stock has a 50-day moving average of $99.63 and a 200 day moving average of $92.99. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.57. QCR Holdings, Inc. has a 12 month low of $66.65 and a 12 month high of $108.11. The firm has a market cap of $1.65 billion, a P/E ratio of 11.93 and a beta of 0.74.

QCR (NASDAQ:QCRH - Get Free Report) last posted its quarterly earnings data on Wednesday, July 22nd. The bank reported $2.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.91 by $0.28. The business had revenue of $97.34 million during the quarter, compared to analyst estimates of $104.10 million. QCR had a return on equity of 12.87% and a net margin of 22.86%. As a group, research analysts forecast that QCR Holdings, Inc. will post 8.5 EPS for the current year.

QCR Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 5th. Shareholders of record on Friday, September 18th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Friday, September 18th. This is an increase from QCR's previous quarterly dividend of $0.10. This represents a $0.60 annualized dividend and a yield of 0.6%. QCR's payout ratio is 4.73%.

About QCR

QCR Holdings, Inc, headquartered in Moline, Illinois, is a bank holding company that delivers community banking services through its wholly owned subsidiary, QCR Bank. The company focuses on serving individuals, small to medium-sized businesses and municipal clients in select Midwestern markets.

QCR Bank offers a broad array of deposit and lending products, including personal and business checking and savings accounts, commercial real estate loans, equipment financing, mortgage lending and treasury management solutions.

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