Jacobs Levy Equity Management Inc. Sells 11,065 Shares of 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. lowered its position in shares of QCR Holdings, Inc. (NASDAQ:QCRH - Free Report) by 24.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 34,813 shares of the bank's stock after selling 11,065 shares during the period. Jacobs Levy Equity Management Inc. owned about 0.21% of QCR worth $2,483,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Deutsche Bank AG lifted its stake in QCR by 49.1% in the 4th quarter. Deutsche Bank AG now owns 13,831 shares of the bank's stock valued at $1,115,000 after buying an additional 4,553 shares in the last quarter. Raymond James Financial Inc. boosted its position in QCR by 24.8% in the 1st quarter. Raymond James Financial Inc. now owns 61,603 shares of the bank's stock valued at $4,394,000 after buying an additional 12,256 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of QCR by 0.7% during the first quarter. Vanguard Group Inc. now owns 952,780 shares of the bank's stock worth $67,952,000 after purchasing an additional 7,002 shares during the last quarter. Larson Financial Group LLC bought a new position in QCR in the first quarter worth about $363,000. Finally, Lazard Asset Management LLC increased its stake in shares of QCR by 3,042.1% in the fourth 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.

Insider Activity

In other news, CEO Laura L. Ekizian sold 1,000 shares of QCR 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 transaction, the chief executive officer owned 5,965 shares of the company's stock, valued at $477,200. The trade was a 14.36% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 3.70% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research firms recently commented on QCRH. Piper Sandler raised their price objective on shares of QCR from $88.00 to $92.50 and gave the stock an "overweight" rating in a research note on Monday, July 28th. DA Davidson boosted their target price on shares of QCR from $80.00 to $87.00 and gave the stock a "buy" rating in a research note 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. Finally, Keefe, Bruyette & Woods reiterated an "outperform" rating and issued a $92.00 price target (up previously from $90.00) on shares of QCR in a research note on Friday, July 25th. Four investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of $87.38.

QCR Price Performance

Shares of QCR stock traded down $1.34 on Friday, reaching $76.78. The stock had a trading volume of 92,937 shares, compared to its average volume of 80,581. The business's 50 day moving average is $75.01 and its two-hundred day moving average is $70.82. The company has a market cap of $1.30 billion, a P/E ratio of 11.56 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. QCR Holdings, Inc. has a 1 year low of $60.83 and a 1 year high of $96.08.

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

QCR Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 3rd. Shareholders of record on Thursday, September 18th will be given a dividend of $0.06 per share. 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 currently 3.61%.

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.