OP Asset Management Ltd Makes New $806,000 Investment in QCR Holdings, Inc. $QCRH

OP Asset Management Ltd bought a new position in QCR Holdings, Inc. (NASDAQ:QCRH) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 9,427 shares of the bank’s stock, valued at approximately $806,000. OP Asset Management Ltd owned approximately 0.06% of QCR as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Kennedy Capital Management LLC boosted 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 during the period. Victory Capital Management Inc. lifted its position in shares of QCR by 715.4% during the third quarter. Victory Capital Management Inc. now owns 400,229 shares of the bank’s stock worth $30,273,000 after acquiring an additional 351,145 shares in the last quarter. Schroder Investment Management Group boosted its holdings in shares of QCR by 86.2% in the third quarter. Schroder Investment Management Group now owns 350,963 shares of the bank’s stock worth $26,663,000 after acquiring an additional 162,482 shares during the period. Hotchkis & Wiley Capital Management LLC bought a new position in shares of QCR in the third quarter worth $9,825,000. Finally, Endeavour Capital Advisors Inc. grew its position in shares of QCR by 23.3% in the fourth 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. Institutional investors own 70.01% of the company’s stock.

Insider Activity

In related news, CEO Laura L. Ekizian sold 750 shares of the company’s stock in a transaction that occurred on Tuesday, June 9th. The shares were sold at an average price of $94.96, for a total value of $71,220.00. Following the transaction, the chief executive officer directly owned 6,093 shares in the company, valued at approximately $578,591.28. This represents a 10.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider James D. Klein sold 310 shares of the firm’s stock in a transaction that occurred on Thursday, April 30th. The shares were sold at an average price of $91.00, for a total transaction of $28,210.00. Following the completion of the sale, the insider directly owned 428 shares in the company, valued at $38,948. This represents a 42.01% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 3.20% of the stock is currently owned by insiders.

QCR Trading Down 1.7%

QCR stock opened at $96.64 on Tuesday. 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 Holdings, Inc. has a fifty-two week low of $66.16 and a fifty-two week high of $98.76. The stock has a market cap of $1.60 billion, a P/E ratio of 12.11 and a beta of 0.76. The firm’s fifty day moving average price is $92.28 and its 200-day moving average price is $88.93.

QCR (NASDAQ:QCRH) last posted its quarterly earnings data on Wednesday, April 22nd. The bank reported $1.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.78 by $0.21. QCR had a return on equity of 12.54% and a net margin of 21.98%.The company had revenue of $89.52 million during the quarter, compared to analyst estimates of $105.42 million. Equities research 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 declared a quarterly dividend, which will be paid on Friday, July 3rd. Stockholders of record on Thursday, June 18th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date is Thursday, June 18th. QCR’s dividend payout ratio (DPR) is 5.01%.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. 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. Piper Sandler lowered their price target on shares of QCR from $108.00 to $107.00 and set an “overweight” rating on the stock in a report on Monday, April 27th. Four analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $101.00.

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.