QCR Holdings, Inc. (NASDAQ:QCRH) is Jacobs Asset Management LLC's 9th Largest Position

Jacobs Asset Management LLC lowered its position in shares of QCR Holdings, Inc. (NASDAQ:QCRH - Free Report) by 15.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 91,309 shares of the bank's stock after selling 16,442 shares during the period. QCR comprises about 4.4% of Jacobs Asset Management LLC's holdings, making the stock its 9th largest position. Jacobs Asset Management LLC owned 0.54% of QCR worth $7,363,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Farther Finance Advisors LLC acquired a new position in QCR during the fourth quarter worth approximately $35,000. R Squared Ltd purchased a new position in shares of QCR during the fourth quarter worth approximately $64,000. LPL Financial LLC acquired a new position in shares of QCR in the 4th quarter valued at $263,000. Aquatic Capital Management LLC raised its position in QCR by 109.9% in the 4th quarter. Aquatic Capital Management LLC now owns 3,569 shares of the bank's stock valued at $288,000 after purchasing an additional 1,869 shares during the last quarter. Finally, KLP Kapitalforvaltning AS purchased a new stake in QCR in the 4th quarter valued at $307,000. 70.01% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at QCR

In other QCR news, CEO Larry J. Helling acquired 1,000 shares of the company's stock in a transaction that occurred on 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 completion of the acquisition, the chief executive officer now directly owns 40,264 shares of the company's stock, valued at approximately $2,598,235.92. The trade was a 2.55% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider James D. Klein sold 630 shares of the firm's stock in a transaction on Friday, March 14th. The shares were sold at an average price of $73.40, for a total value of $46,242.00. Following the completion of the sale, the insider now directly owns 428 shares of the company's stock, valued at approximately $31,415.20. This trade represents a 59.55% decrease in their position. The disclosure for this sale can be found here. Company insiders own 3.70% of the company's stock.

QCR Stock Performance

QCRH traded up $0.25 during trading on Friday, hitting $70.71. The stock had a trading volume of 119,614 shares, compared to its average volume of 76,584. The firm has a market capitalization of $1.20 billion, a P/E ratio of 10.54 and a beta of 0.80. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.99 and a current ratio of 1.02. QCR Holdings, Inc. has a twelve month low of $54.75 and a twelve month high of $96.08. The company's 50-day moving average price is $68.44 and its 200 day moving average price is $77.45.

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

QCR Dividend Announcement

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

Wall Street Analyst Weigh In

A number of research analysts have commented on QCRH shares. Raymond James set a $78.00 price objective on shares of QCR and gave the company an "outperform" rating in a research note on Thursday, April 24th. Piper Sandler dropped their price target on QCR from $98.00 to $88.00 and set an "overweight" rating on the stock in a research report on Thursday, April 24th. Finally, Keefe, Bruyette & Woods reduced their price objective on QCR from $99.00 to $90.00 and set an "outperform" rating for the company in a research note on Thursday, April 24th.

QCR 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.