Hillsdale Investment Management Inc. Makes New $4.06 Million Investment in QCR Holdings, Inc. $QCRH

Hillsdale Investment Management Inc. acquired a new position in QCR Holdings, Inc. (NASDAQ:QCRH) during the fourth quarter, according to the company in its most recent filing with the SEC. The fund acquired 48,693 shares of the bank’s stock, valued at approximately $4,056,000. Hillsdale Investment Management Inc. owned approximately 0.29% of QCR at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Kennedy Capital Management LLC lifted its holdings in QCR by 108.2% in the 3rd quarter. Kennedy Capital Management LLC now owns 694,551 shares of the bank’s stock worth $52,536,000 after buying an additional 360,884 shares in the last quarter. Victory Capital Management Inc. raised its stake in shares of QCR by 715.4% in the 3rd quarter. Victory Capital Management Inc. now owns 400,229 shares of the bank’s stock valued at $30,273,000 after purchasing an additional 351,145 shares in the last quarter. Schroder Investment Management Group raised its stake in shares of QCR by 86.2% in the 3rd quarter. Schroder Investment Management Group now owns 350,963 shares of the bank’s stock valued at $26,663,000 after purchasing an additional 162,482 shares in the last quarter. Endeavour Capital Advisors Inc. raised its stake in shares of QCR by 23.3% in the 4th quarter. Endeavour Capital Advisors Inc. now owns 328,497 shares of the bank’s stock valued at $27,364,000 after purchasing an additional 62,032 shares in the last quarter. Finally, Wellington Management Group LLP raised its stake in shares of QCR by 0.5% in the 3rd quarter. Wellington Management Group LLP now owns 243,762 shares of the bank’s stock valued at $18,438,000 after purchasing an additional 1,118 shares in the last quarter. Institutional investors and hedge funds own 70.01% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on QCRH. Piper Sandler cut their target price on shares of QCR from $108.00 to $107.00 and set an “overweight” rating on the stock in a research note on Monday, April 27th. Raymond James Financial restated an “outperform” rating and issued a $99.00 target price on shares of QCR in a research note on Monday, April 27th. Finally, Weiss Ratings upgraded shares of QCR from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, February 2nd. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $101.00.

Insiders Place Their Bets

In related news, insider James D. Klein sold 310 shares of the stock in a transaction dated Thursday, April 30th. The shares were sold at an average price of $91.00, for a total transaction of $28,210.00. Following the sale, the insider owned 428 shares in the company, valued at $38,948. This represents a 42.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.20% of the stock is currently owned by company insiders.

QCR Stock Performance

Shares of QCR stock opened at $92.15 on Monday. The firm has a market cap of $1.52 billion, a PE ratio of 11.55 and a beta of 0.76. QCR Holdings, Inc. has a 1 year low of $63.68 and a 1 year high of $96.00. The firm’s 50-day simple moving average is $88.99 and its 200-day simple moving average is $86.88. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.89 and a current ratio of 0.96.

QCR (NASDAQ:QCRH) last released its quarterly earnings data on Wednesday, April 22nd. The bank reported $1.99 earnings per share for the quarter, topping 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 net margin of 21.98% and a return on equity of 12.54%. Equities analysts forecast that QCR Holdings, Inc. will post 8.13 earnings per share for the current fiscal year.

QCR Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 3rd. Investors of record on Thursday, June 18th will be paid a dividend of $0.10 per share. The ex-dividend date is Thursday, June 18th. This represents a $0.40 annualized dividend and a yield of 0.4%. QCR’s dividend payout ratio is 5.01%.

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.