Schroder Investment Management Group Buys 162,482 Shares of QCR Holdings, Inc. $QCRH

Schroder Investment Management Group raised its stake in QCR Holdings, Inc. (NASDAQ:QCRH) by 86.2% in the third quarter, Holdings Channel reports. The firm owned 350,963 shares of the bank’s stock after acquiring an additional 162,482 shares during the quarter. Schroder Investment Management Group’s holdings in QCR were worth $26,663,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in QCRH. Inceptionr LLC bought a new stake in shares of QCR during the 3rd quarter worth approximately $242,000. Legato Capital Management LLC grew its stake in shares of QCR by 32.3% in the third quarter. Legato Capital Management LLC now owns 25,759 shares of the bank’s stock valued at $1,948,000 after buying an additional 6,287 shares in the last quarter. Victory Capital Management Inc. grew its stake in shares of QCR by 715.4% in the third quarter. Victory Capital Management Inc. now owns 400,229 shares of the bank’s stock valued at $30,273,000 after buying an additional 351,145 shares in the last quarter. Roubaix Capital LLC acquired a new position in QCR during the third quarter worth $3,677,000. Finally, Rafferty Asset Management LLC increased its holdings in QCR by 23.5% during the third quarter. Rafferty Asset Management LLC now owns 18,140 shares of the bank’s stock worth $1,372,000 after buying an additional 3,446 shares during the last quarter. Institutional investors and hedge funds own 70.01% of the company’s stock.

QCR Trading Down 1.1%

QCRH stock opened at $81.91 on Friday. QCR Holdings, Inc. has a one year low of $60.83 and a one year high of $96.00. The stock has a market cap of $1.37 billion, a price-to-earnings ratio of 10.91 and a beta of 0.82. The company has a fifty day moving average price of $88.21 and a two-hundred day moving average price of $81.99. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.00 and a quick ratio of 1.00.

QCR (NASDAQ:QCRH) last issued its quarterly earnings data on Tuesday, January 27th. The bank reported $2.21 earnings per share for the quarter, beating the consensus estimate of $1.96 by $0.25. The company had revenue of $107.02 million for the quarter, compared to analyst estimates of $106.87 million. QCR had a net margin of 21.07% and a return on equity of 12.13%. Equities analysts anticipate that QCR Holdings, Inc. will post 6.82 EPS for the current year.

QCR Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 3rd. Investors of record on Thursday, March 19th will be paid a $0.10 dividend. This is an increase from QCR’s previous quarterly dividend of $0.06. The ex-dividend date is Thursday, March 19th. This represents a $0.40 dividend on an annualized basis and a yield of 0.5%. QCR’s dividend payout ratio (DPR) is currently 3.20%.

Insider Activity

In other QCR news, insider James D. Klein sold 554 shares of the firm’s stock in a transaction that occurred on Thursday, March 12th. The shares were sold at an average price of $82.50, for a total transaction of $45,705.00. Following the completion of the sale, the insider directly owned 738 shares in the company, valued at $60,885. This trade represents a 42.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Todd A. Gipple sold 8,590 shares of the business’s 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 sale, the chief financial officer owned 44,902 shares of the company’s stock, valued at approximately $4,037,587.84. This represents a 16.06% decrease in their position. The disclosure for this sale is available in the SEC filing. 3.70% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages have commented on QCRH. Zacks Research cut shares of QCR from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 29th. Raymond James Financial restated an “outperform” rating and set a $103.00 price objective on shares of QCR in a research note on Friday, January 30th. Weiss Ratings upgraded shares of QCR from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, February 2nd. Piper Sandler reiterated an “overweight” rating and set a $108.00 price target (up from $105.00) on shares of QCR in a report on Friday, January 30th. Finally, Keefe, Bruyette & Woods boosted their price target on QCR from $92.00 to $102.00 and gave the stock an “outperform” rating in a research report on Thursday, January 29th. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $102.25.

About QCR

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.