Kennedy Capital Management LLC Has $52.54 Million Holdings in QCR Holdings, Inc. $QCRH

Kennedy Capital Management LLC boosted its holdings in QCR Holdings, Inc. (NASDAQ:QCRH) by 108.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 694,551 shares of the bank’s stock after buying an additional 360,884 shares during the period. QCR makes up about 1.2% of Kennedy Capital Management LLC’s investment portfolio, making the stock its 2nd largest position. Kennedy Capital Management LLC owned about 4.12% of QCR worth $52,536,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. State of Alaska Department of Revenue acquired a new position in QCR in the third quarter worth about $51,000. Quadrant Capital Group LLC bought a new position in shares of QCR during the 3rd quarter worth approximately $72,000. Russell Investments Group Ltd. acquired a new stake in QCR in the 3rd quarter valued at $104,000. Entropy Technologies LP bought a new stake in QCR in the second quarter valued at $210,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in QCR during the third quarter worth $224,000. 70.01% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, insider James D. Klein sold 554 shares of QCR stock in a transaction on Thursday, March 12th. The stock was sold at an average price of $82.50, for a total value of $45,705.00. Following the completion of the sale, the insider directly owned 738 shares of the company’s stock, valued at approximately $60,885. This trade represents a 42.88% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Todd A. Gipple sold 8,590 shares of the business’s stock in a transaction 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. The trade was a 16.06% decrease in their position. The SEC filing for this sale provides additional information. 3.70% of the stock is currently owned by company insiders.

QCR Price Performance

NASDAQ:QCRH traded down $0.16 during mid-day trading on Friday, reaching $81.76. 9,864 shares of the company were exchanged, compared to its average volume of 96,368. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.57. The stock has a market cap of $1.37 billion, a PE ratio of 10.89 and a beta of 0.82. QCR Holdings, Inc. has a 12 month low of $60.83 and a 12 month high of $96.00. The company has a fifty day moving average of $88.21 and a 200 day moving average of $81.99.

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

QCR Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 3rd. Shareholders of record on Thursday, March 19th will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, March 19th. This represents a $0.40 annualized dividend and a yield of 0.5%. This is a positive change from QCR’s previous quarterly dividend of $0.06. QCR’s dividend payout ratio (DPR) is currently 3.20%.

Analyst Ratings Changes

Several research firms have recently weighed in on QCRH. Piper Sandler reaffirmed an “overweight” rating and issued a $108.00 target price (up from $105.00) on shares of QCR in a report on Friday, January 30th. Weiss Ratings upgraded shares of QCR from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, February 2nd. DA Davidson raised their price objective on shares of QCR from $92.00 to $96.00 and gave the stock a “neutral” rating in a report on Thursday, January 29th. Raymond James Financial reaffirmed an “outperform” rating and set a $103.00 price objective on shares of QCR in a report on Friday, January 30th. Finally, Zacks Research lowered QCR from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 29th. Four equities research 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 presently has an average rating of “Moderate Buy” and a consensus target price of $102.25.

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.