Jacobs Levy Equity Management Inc. Reduces Holdings in QCR Holdings, Inc. (NASDAQ:QCRH)

Jacobs Levy Equity Management Inc. reduced its stake in shares of QCR Holdings, Inc. (NASDAQ:QCRH) by 0.6% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 67,518 shares of the bank’s stock after selling 374 shares during the quarter. Jacobs Levy Equity Management Inc. owned approximately 0.40% of QCR worth $4,101,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in QCRH. Dimensional Fund Advisors LP increased its holdings in shares of QCR by 2.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,025,967 shares of the bank’s stock valued at $59,907,000 after acquiring an additional 24,251 shares in the last quarter. Vanguard Group Inc. raised its stake in QCR by 1.7% in the 3rd quarter. Vanguard Group Inc. now owns 912,313 shares of the bank’s stock valued at $44,265,000 after purchasing an additional 15,587 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in QCR by 2.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 131,470 shares of the bank’s stock valued at $7,677,000 after purchasing an additional 2,956 shares during the last quarter. Knights of Columbus Asset Advisors LLC increased its stake in shares of QCR by 94.6% in the 4th quarter. Knights of Columbus Asset Advisors LLC now owns 107,650 shares of the bank’s stock worth $6,286,000 after acquiring an additional 52,321 shares during the last quarter. Finally, Empowered Funds LLC increased its stake in shares of QCR by 8.0% in the 1st quarter. Empowered Funds LLC now owns 56,491 shares of the bank’s stock worth $3,431,000 after acquiring an additional 4,200 shares during the last quarter. 70.01% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods reiterated an “outperform” rating and set a $82.00 price target (up from $70.00) on shares of QCR in a report on Monday.

QCR Stock Up 0.6 %

Shares of NASDAQ QCRH traded up $0.49 during midday trading on Wednesday, hitting $77.57. 40,260 shares of the company’s stock were exchanged, compared to its average volume of 58,180. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.00 and a quick ratio of 0.95. QCR Holdings, Inc. has a twelve month low of $45.83 and a twelve month high of $77.85. The company has a market cap of $1.30 billion, a PE ratio of 11.49 and a beta of 0.96. The firm’s fifty day simple moving average is $60.77 and its 200-day simple moving average is $58.62.

QCR (NASDAQ:QCRH) last released its quarterly earnings results on Wednesday, July 24th. The bank reported $1.73 EPS for the quarter, topping the consensus estimate of $1.39 by $0.34. The company had revenue of $150.64 million for the quarter, compared to analyst estimates of $82.20 million. QCR had a return on equity of 13.14% and a net margin of 19.37%. During the same quarter in the previous year, the company posted $1.69 earnings per share. Research analysts predict that QCR Holdings, Inc. will post 5.98 EPS for the current fiscal year.

QCR Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 3rd. Shareholders of record on Friday, June 14th were given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.31%. The ex-dividend date of this dividend was Friday, June 14th. QCR’s dividend payout ratio (DPR) is 3.58%.

QCR Profile

QCR Holdings, Inc, a multi-bank holding company, provides commercial and consumer banking, and trust and asset management services. The company's deposit products include noninterest-bearing demand, interest-bearing demand, time, and brokered deposits. It also provides various commercial and retail lending/leasing, and investment services to corporations, partnerships, individuals, and government agencies.