Jacobs Asset Management LLC Buys 10,000 Shares of QCR Holdings, Inc. $QCRH

Key Points

• Jacobs Asset Management LLC increased its stake in QCR Holdings by 11% during the first quarter, now owning 101,309 shares worth approximately $7.23 million.
• Several institutional investors, including Virtus Advisers and AlphaQuest, have also made significant adjustments to their positions in QCR, indicating a strong interest in the company's stock.
• QCR Holdings recently reported earnings of $1.73 per share, exceeding analysts' expectations, and announced a quarterly dividend of $0.06 per share to be paid on October 3rd.

Jacobs Asset Management LLC increased its holdings in shares of QCR Holdings, Inc. (NASDAQ:QCRH - Free Report) by 11.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 101,309 shares of the bank's stock after purchasing an additional 10,000 shares during the quarter. QCR makes up approximately 4.5% of Jacobs Asset Management LLC's portfolio, making the stock its 8th biggest position. Jacobs Asset Management LLC owned approximately 0.60% of QCR worth $7,225,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in QCR by 0.7% in the first quarter. Vanguard Group Inc. now owns 952,780 shares of the bank's stock valued at $67,952,000 after buying an additional 7,002 shares during the last quarter. Nuveen LLC purchased a new stake in shares of QCR during the first quarter worth approximately $14,618,000. Silvercrest Asset Management Group LLC raised its position in QCR by 38.4% in the fourth quarter. Silvercrest Asset Management Group LLC now owns 195,092 shares of the bank's stock worth $15,732,000 after acquiring an additional 54,161 shares in the last quarter. Nuveen Asset Management LLC boosted its holdings in QCR by 0.3% during the fourth quarter. Nuveen Asset Management LLC now owns 177,026 shares of the bank's stock worth $14,275,000 after buying an additional 609 shares in the last quarter. Finally, Bridgeway Capital Management LLC grew its position in QCR by 41.0% during the fourth quarter. Bridgeway Capital Management LLC now owns 176,267 shares of the bank's stock worth $14,214,000 after buying an additional 51,240 shares during the period. Hedge funds and other institutional investors own 70.01% of the company's stock.

QCR Stock Down 0.2%

NASDAQ:QCRH traded down $0.18 during mid-day trading on Friday, hitting $78.38. The company had a trading volume of 80,821 shares, compared to its average volume of 94,776. QCR Holdings, Inc. has a 1 year low of $60.83 and a 1 year high of $96.08. The firm has a market capitalization of $1.33 billion, a price-to-earnings ratio of 11.80 and a beta of 0.83. 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 business has a fifty day simple moving average of $73.25 and a 200-day simple moving average of $70.73.

QCR (NASDAQ:QCRH - Get Free Report) last announced its earnings results 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 business had revenue of $84.20 million for the quarter, compared to analyst estimates of $95.11 million. Equities analysts forecast that QCR Holdings, Inc. will post 6.82 earnings per share for the current fiscal year.

QCR Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 3rd. Investors of record on Thursday, September 18th will be issued a $0.06 dividend. 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 payout ratio is currently 3.61%.

Wall Street Analysts Forecast Growth

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

Insiders Place Their Bets

In related news, CEO Laura L. Ekizian sold 1,000 shares of the business's stock in a transaction dated Tuesday, August 26th. The stock was sold at an average price of $80.00, for a total value of $80,000.00. Following the completion of the sale, the chief executive officer directly owned 5,965 shares of the company's stock, valued at $477,200. The trade was a 14.36% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 3.70% of the stock is currently owned by corporate insiders.

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.