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

Jacobs Asset Management LLC lowered its position in QCR Holdings, Inc. (NASDAQ:QCRH - Free Report) by 15.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 91,309 shares of the bank's stock after selling 16,442 shares during the quarter. QCR accounts for approximately 4.4% of Jacobs Asset Management LLC's investment portfolio, making the stock its 9th largest position. Jacobs Asset Management LLC owned approximately 0.54% of QCR worth $7,363,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. First Trust Advisors LP boosted its holdings in shares of QCR by 809.7% during the 4th quarter. First Trust Advisors LP now owns 92,686 shares of the bank's stock worth $7,474,000 after buying an additional 82,497 shares in the last quarter. Bridgeway Capital Management LLC boosted its holdings in shares of QCR by 41.0% during the 4th 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 in the last quarter. Raymond James Financial Inc. bought a new position in shares of QCR during the 4th quarter worth approximately $3,979,000. Assenagon Asset Management S.A. bought a new position in shares of QCR during the 4th quarter worth approximately $3,755,000. Finally, JPMorgan Chase & Co. boosted its holdings in shares of QCR by 10.3% during the 4th quarter. JPMorgan Chase & Co. now owns 465,282 shares of the bank's stock worth $37,520,000 after buying an additional 43,439 shares in the last quarter. Institutional investors and hedge funds own 70.01% of the company's stock.

Insiders Place Their Bets

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

QCR Stock Performance

Shares of QCR stock traded down $0.84 during trading hours on Wednesday, hitting $69.99. 5,222 shares of the company's stock traded hands, compared to its average volume of 75,772. QCR Holdings, Inc. has a 12-month low of $54.75 and a 12-month high of $96.08. The stock has a market capitalization of $1.18 billion, a price-to-earnings ratio of 10.43 and a beta of 0.80. The company has a fifty day simple moving average of $68.50 and a 200-day simple moving average of $77.58. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.02 and a quick ratio of 0.99.

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

QCR Dividend Announcement

The company also recently declared 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. The ex-dividend date of this dividend was Wednesday, March 19th. This represents a $0.24 annualized dividend and a dividend yield of 0.34%. QCR's payout ratio is 3.61%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Keefe, Bruyette & Woods cut their target price on QCR from $99.00 to $90.00 and set an "outperform" rating on the stock in a report on Thursday, April 24th. Raymond James set a $78.00 target price on QCR and gave the stock an "outperform" rating in a report on Thursday, April 24th. Finally, Piper Sandler lowered their price target on QCR from $98.00 to $88.00 and set an "overweight" rating for the company in a research report 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.