Endeavour Capital Advisors Inc. Purchases 62,032 Shares of QCR Holdings, Inc. $QCRH

Endeavour Capital Advisors Inc. grew its position in QCR Holdings, Inc. (NASDAQ:QCRH) by 23.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 328,497 shares of the bank’s stock after buying an additional 62,032 shares during the quarter. QCR accounts for 7.6% of Endeavour Capital Advisors Inc.’s holdings, making the stock its 3rd largest holding. Endeavour Capital Advisors Inc. owned approximately 1.95% of QCR worth $27,364,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Farther Finance Advisors LLC grew its position in QCR by 34.6% in the 4th quarter. Farther Finance Advisors LLC now owns 576 shares of the bank’s stock valued at $48,000 after acquiring an additional 148 shares in the last quarter. Legal & General Group Plc boosted its stake in shares of QCR by 1.0% in the second quarter. Legal & General Group Plc now owns 17,366 shares of the bank’s stock valued at $1,179,000 after purchasing an additional 165 shares during the period. State of New Jersey Common Pension Fund D grew its holdings in shares of QCR by 0.7% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 28,395 shares of the bank’s stock valued at $2,365,000 after purchasing an additional 185 shares in the last quarter. ProShare Advisors LLC increased its stake in QCR by 6.9% during the 4th quarter. ProShare Advisors LLC now owns 3,023 shares of the bank’s stock worth $252,000 after buying an additional 195 shares during the period. Finally, Swiss National Bank lifted its holdings in QCR by 1.2% during the 3rd quarter. Swiss National Bank now owns 32,739 shares of the bank’s stock worth $2,476,000 after buying an additional 400 shares in the last quarter. Hedge funds and other institutional investors own 70.01% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on QCRH shares. Raymond James Financial restated an “outperform” rating and issued a $99.00 price target on shares of QCR in a research note on Monday, April 27th. Weiss Ratings upgraded QCR from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, February 2nd. Piper Sandler lowered their target price on QCR from $108.00 to $107.00 and set an “overweight” rating for the company in a research note on Monday, April 27th. Keefe, Bruyette & Woods upped their price target on QCR from $92.00 to $102.00 and gave the stock an “outperform” rating in a report on Thursday, January 29th. Finally, DA Davidson increased their price target on QCR from $92.00 to $96.00 and gave the company a “neutral” rating in a research report on Thursday, January 29th. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $101.00.

QCR Price Performance

QCR stock opened at $90.88 on Tuesday. The company has a current ratio of 0.96, a quick ratio of 0.89 and a debt-to-equity ratio of 0.37. The company has a fifty day simple moving average of $88.19 and a 200-day simple moving average of $86.45. The stock has a market cap of $1.50 billion, a P/E ratio of 11.39 and a beta of 0.77. QCR Holdings, Inc. has a 12-month low of $63.68 and a 12-month high of $96.00.

QCR (NASDAQ:QCRH) last posted its earnings results on Wednesday, April 22nd. The bank reported $1.99 EPS for the quarter, beating the consensus estimate of $1.78 by $0.21. The firm had revenue of $89.52 million for the quarter, compared to analyst estimates of $105.42 million. QCR had a return on equity of 12.54% and a net margin of 21.98%. Equities analysts expect that QCR Holdings, Inc. will post 8.13 EPS for the current fiscal year.

Insider Buying and Selling at QCR

In other news, insider James D. Klein sold 310 shares of the firm’s stock in a transaction dated Thursday, April 30th. The stock was sold at an average price of $91.00, for a total transaction of $28,210.00. Following the sale, the insider owned 428 shares of the company’s stock, valued at approximately $38,948. This trade represents a 42.01% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 3.20% of the company’s stock.

QCR Company 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.