QCR Holdings, Inc. $QCRH Shares Sold by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd reduced its stake in shares of QCR Holdings, Inc. (NASDAQ:QCRH) by 85.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,903 shares of the bank’s stock after selling 23,038 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in QCR were worth $295,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in QCRH. Geode Capital Management LLC increased its holdings in shares of QCR by 2.6% in the 2nd quarter. Geode Capital Management LLC now owns 435,133 shares of the bank’s stock worth $29,549,000 after acquiring an additional 11,033 shares during the period. Kennedy Capital Management LLC raised its holdings in shares of QCR by 33.6% during the second quarter. Kennedy Capital Management LLC now owns 333,667 shares of the bank’s stock valued at $22,656,000 after buying an additional 83,977 shares during the last quarter. Endeavour Capital Advisors Inc. boosted its position in shares of QCR by 0.5% during the second quarter. Endeavour Capital Advisors Inc. now owns 221,076 shares of the bank’s stock worth $15,011,000 after buying an additional 1,100 shares during the period. Schroder Investment Management Group grew its holdings in QCR by 25.2% in the 2nd quarter. Schroder Investment Management Group now owns 188,481 shares of the bank’s stock worth $12,809,000 after buying an additional 37,905 shares in the last quarter. Finally, Bridgeway Capital Management LLC raised its holdings in shares of QCR by 0.8% in the 2nd quarter. Bridgeway Capital Management LLC now owns 171,003 shares of the bank’s stock worth $11,611,000 after purchasing an additional 1,372 shares in the last quarter. 70.01% of the stock is currently owned by institutional investors.

Insider Activity at QCR

In related news, CFO Todd A. Gipple sold 8,590 shares of the stock in a transaction that occurred on Friday, January 30th. The stock was sold at an average price of $89.92, for a total value of $772,412.80. Following the transaction, the chief financial officer owned 44,902 shares in the company, valued at approximately $4,037,587.84. This represents a 16.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 3.70% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on QCRH shares. Weiss Ratings raised QCR from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday. Raymond James Financial reaffirmed an “outperform” rating and set a $103.00 price objective on shares of QCR in a research note on Friday, January 30th. Zacks Research downgraded shares of QCR from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 29th. DA Davidson boosted their price target on shares of QCR from $92.00 to $96.00 and gave the company a “neutral” rating in a report on Thursday, January 29th. Finally, Piper Sandler reaffirmed an “overweight” rating and issued a $108.00 price objective (up previously from $105.00) on shares of QCR in a research note on Friday, January 30th. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $102.25.

QCR Stock Up 1.6%

QCRH stock opened at $93.98 on Friday. The company has a 50 day moving average of $86.25 and a two-hundred day moving average of $79.30. The company has a market cap of $1.58 billion, a price-to-earnings ratio of 12.51 and a beta of 0.82. QCR Holdings, Inc. has a 12-month low of $60.83 and a 12-month high of $95.00. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.65.

QCR (NASDAQ:QCRH) last posted its quarterly earnings results on Tuesday, January 27th. The bank reported $2.21 earnings per share for the quarter, topping analysts’ consensus estimates of $1.96 by $0.25. The business had revenue of $107.02 million for the quarter, compared to the consensus estimate of $106.87 million. QCR had a net margin of 21.07% and a return on equity of 12.30%. On average, equities analysts anticipate that QCR Holdings, Inc. will post 6.82 earnings per share for the current fiscal year.

QCR Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 7th. Stockholders of record on Tuesday, December 23rd were issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.3%. The ex-dividend date was Tuesday, December 23rd. QCR’s payout ratio is currently 3.20%.

QCR Profile

QCR Holdings, Inc, headquartered in Moline, Illinois, is a bank holding company that delivers community banking services through its wholly owned subsidiary, QCR Bank. The company focuses on serving individuals, small to medium-sized businesses and municipal clients in select Midwestern markets.

QCR Bank offers a broad array of deposit and lending products, including personal and business checking and savings accounts, commercial real estate loans, equipment financing, mortgage lending and treasury management solutions.