Jacobs Levy Equity Management Inc. Sells 13,706 Shares of QCR Holdings, Inc. (NASDAQ:QCRH)

Jacobs Levy Equity Management Inc. lowered its stake in shares of QCR Holdings, Inc. (NASDAQ:QCRH - Free Report) by 23.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 45,878 shares of the bank's stock after selling 13,706 shares during the quarter. Jacobs Levy Equity Management Inc. owned 0.27% of QCR worth $3,700,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Janney Montgomery Scott LLC raised its position in shares of QCR by 2.9% during the 4th quarter. Janney Montgomery Scott LLC now owns 5,016 shares of the bank's stock valued at $404,000 after buying an additional 142 shares in the last quarter. Rhumbline Advisers raised its position in shares of QCR by 0.6% during the 4th quarter. Rhumbline Advisers now owns 26,061 shares of the bank's stock valued at $2,102,000 after buying an additional 165 shares in the last quarter. Mercer Global Advisors Inc. ADV raised its position in shares of QCR by 5.2% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 5,698 shares of the bank's stock valued at $460,000 after buying an additional 283 shares in the last quarter. MetLife Investment Management LLC raised its position in QCR by 3.2% in the 4th quarter. MetLife Investment Management LLC now owns 9,957 shares of the bank's stock worth $803,000 after purchasing an additional 313 shares during the period. Finally, Farther Finance Advisors LLC purchased a new position in QCR in the 4th quarter worth $35,000. Hedge funds and other institutional investors own 70.01% of the company's stock.

Insider Activity

In related news, CEO Larry J. Helling bought 1,000 shares of the business's stock in a transaction dated Monday, April 28th. The shares were purchased at an average price of $64.53 per share, with a total value of $64,530.00. Following the purchase, the chief executive officer now owns 40,264 shares of the company's stock, valued at approximately $2,598,235.92. This trade represents a 2.55% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider James D. Klein sold 630 shares of QCR stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $73.40, for a total transaction of $46,242.00. Following the sale, the insider now directly owns 428 shares in the company, valued at $31,415.20. The trade was a 59.55% decrease in their position. The disclosure for this sale can be found here. Insiders own 3.70% of the company's stock.

QCR Trading Up 0.0%

QCR stock traded up $0.02 during trading hours on Tuesday, reaching $70.92. The stock had a trading volume of 11,934 shares, compared to its average volume of 76,460. The stock has a market cap of $1.20 billion, a PE ratio of 10.57 and a beta of 0.80. QCR Holdings, Inc. has a 52 week low of $54.75 and a 52 week high of $96.08. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.02 and a quick ratio of 0.99. The company has a fifty day simple moving average of $68.38 and a 200-day simple moving average of $77.28.

QCR (NASDAQ:QCRH - Get Free Report) last announced its quarterly earnings results on Tuesday, April 22nd. The bank reported $1.53 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.52 by $0.01. The business had revenue of $76.88 million for the quarter, compared to analyst estimates of $94.01 million. QCR had a net margin of 19.06% and a return on equity of 12.68%. During the same quarter last year, the firm earned $1.59 EPS. Analysts forecast that QCR Holdings, Inc. will post 6.82 EPS for the current fiscal year.

QCR Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, April 3rd. Stockholders of record on Wednesday, March 19th were paid a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.34%. The ex-dividend date was Wednesday, March 19th. QCR's payout ratio is 3.61%.

Analyst Ratings Changes

QCRH has been the topic of a number of analyst reports. Raymond James set a $78.00 target price on shares of QCR and gave the stock an "outperform" rating in a research report on Thursday, April 24th. Keefe, Bruyette & Woods decreased their target price on shares of QCR from $99.00 to $90.00 and set an "outperform" rating on the stock in a research report on Thursday, April 24th. Finally, Piper Sandler decreased their target price on shares of QCR from $98.00 to $88.00 and set an "overweight" rating on the stock in a research report on Thursday, April 24th.

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.