Jacobs Levy Equity Management Inc. Trims Position in QCR Holdings, Inc. $QCRH

Key Points

• Jacobs Levy Equity Management Inc. has decreased its stake in QCR Holdings, Inc. by 24.1%, selling 11,065 shares, and now owns 34,813 shares valued at approximately $2.48 million.
• Multiple institutional investors have adjusted their stakes, with Vanguard Group Inc. increasing its ownership in QCR by 0.7% and FJ Capital Management LLC raising its stake by 8.0% during the first quarter.
• QCR Holdings recently declared a quarterly dividend of $0.06 per share, which will be paid on October 3, reflecting an annualized payout of $0.24 and a dividend yield of 0.3%.

Jacobs Levy Equity Management Inc. decreased its stake in shares of QCR Holdings, Inc. (NASDAQ:QCRH - Free Report) by 24.1% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 34,813 shares of the bank's stock after selling 11,065 shares during the quarter. Jacobs Levy Equity Management Inc. owned about 0.21% of QCR worth $2,483,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Hohimer Wealth Management LLC grew its position in shares of QCR by 4.9% during the 1st quarter. Hohimer Wealth Management LLC now owns 3,489 shares of the bank's stock worth $249,000 after buying an additional 164 shares during the period. Mercer Global Advisors Inc. ADV grew its position in QCR by 5.2% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 5,698 shares of the bank's stock valued at $460,000 after purchasing an additional 283 shares during the period. Principal Financial Group Inc. grew its position in QCR by 3.6% in the 1st quarter. Principal Financial Group Inc. now owns 9,269 shares of the bank's stock valued at $661,000 after purchasing an additional 323 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in QCR by 4.1% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,326 shares of the bank's stock valued at $752,000 after purchasing an additional 365 shares during the period. Finally, Lazard Asset Management LLC grew its position in QCR by 3,042.1% in the 4th quarter. Lazard Asset Management LLC now owns 597 shares of the bank's stock valued at $48,000 after purchasing an additional 578 shares during the period. Institutional investors and hedge funds own 70.01% of the company's stock.

Insiders Place Their Bets

In related news, CEO Laura L. Ekizian sold 333 shares of QCR stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $80.00, for a total value of $26,640.00. Following the completion of the sale, the chief executive officer owned 5,632 shares of the company's stock, valued at approximately $450,560. This trade represents a 5.58% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 3.70% of the company's stock.

Analyst Upgrades and Downgrades

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

QCR Stock Performance

Shares of NASDAQ QCRH traded up $0.35 during mid-day trading on Monday, reaching $77.13. 7,963 shares of the company's stock were exchanged, compared to its average volume of 92,869. The firm has a market capitalization of $1.31 billion, a price-to-earnings ratio of 11.63 and a beta of 0.87. QCR Holdings, Inc. has a 52 week low of $60.83 and a 52 week high of $96.08. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.98 and a quick ratio of 0.98. The firm has a 50-day moving average price of $75.01 and a two-hundred day moving average price of $70.76.

QCR (NASDAQ:QCRH - Get Free Report) last released its earnings results on Wednesday, July 23rd. The bank reported $1.73 EPS for the quarter, topping analysts' consensus estimates of $1.63 by $0.10. The company had revenue of $84.20 million for the quarter, compared to analysts' expectations of $95.11 million. QCR had a return on equity of 11.71% and a net margin of 19.43%. Analysts predict that QCR Holdings, Inc. will post 6.82 EPS for the current 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. The ex-dividend date of this dividend is Thursday, September 18th. This represents a $0.24 annualized dividend and a yield of 0.3%. QCR's dividend payout ratio (DPR) is 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.