LSV Asset Management Trims Holdings in QCR Holdings, Inc. (NASDAQ:QCRH)

LSV Asset Management decreased its holdings in shares of QCR Holdings, Inc. (NASDAQ:QCRH) by 6.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 120,400 shares of the bank’s stock after selling 8,400 shares during the period. LSV Asset Management owned 0.72% of QCR worth $7,030,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of QCRH. BKM Wealth Management LLC bought a new position in shares of QCR during the fourth quarter valued at approximately $33,000. Rafferty Asset Management LLC lifted its position in shares of QCR by 6.3% in the 3rd quarter. Rafferty Asset Management LLC now owns 10,868 shares of the bank’s stock worth $527,000 after purchasing an additional 647 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of QCR by 2.0% during the 3rd quarter. Bank of New York Mellon Corp now owns 89,525 shares of the bank’s stock valued at $4,344,000 after purchasing an additional 1,715 shares in the last quarter. Janney Montgomery Scott LLC raised its stake in QCR by 18.4% in the third quarter. Janney Montgomery Scott LLC now owns 11,272 shares of the bank’s stock worth $547,000 after buying an additional 1,754 shares in the last quarter. Finally, New York State Common Retirement Fund lifted its holdings in QCR by 25.0% in the fourth quarter. New York State Common Retirement Fund now owns 9,042 shares of the bank’s stock worth $528,000 after buying an additional 1,807 shares during the period. Hedge funds and other institutional investors own 70.01% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on QCRH. Raymond James increased their target price on QCR from $60.00 to $72.00 and gave the stock an “outperform” rating in a research report on Monday, January 29th. Piper Sandler increased their price objective on QCR from $67.00 to $74.00 and gave the stock an “overweight” rating in a report on Thursday, January 25th. Finally, Keefe, Bruyette & Woods upped their target price on shares of QCR from $69.00 to $70.00 and gave the stock an “outperform” rating in a research report on Thursday, January 25th.

QCR Stock Up 1.0 %

QCRH stock opened at $58.65 on Thursday. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.81. The business has a 50 day moving average of $57.23 and a 200 day moving average of $55.68. QCR Holdings, Inc. has a twelve month low of $36.56 and a twelve month high of $62.94. The firm has a market cap of $985.32 million, a PE ratio of 8.74 and a beta of 0.97.

QCR (NASDAQ:QCRH) last posted its quarterly earnings results on Tuesday, April 23rd. The bank reported $1.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.32 by $0.27. The firm had revenue of $141.91 million during the quarter, compared to analyst estimates of $82.83 million. QCR had a return on equity of 13.47% and a net margin of 19.92%. During the same quarter in the previous year, the firm earned $1.65 EPS. On average, research analysts forecast that QCR Holdings, Inc. will post 5.78 EPS for the current fiscal year.

QCR Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 3rd. Stockholders of record on Friday, March 15th were issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.41%. The ex-dividend date of this dividend was Thursday, March 14th. QCR’s payout ratio is 3.58%.

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.