Y Intercept Hong Kong Ltd Makes New Investment in QCR Holdings, Inc. $QCRH

Y Intercept Hong Kong Ltd purchased a new position in shares of QCR Holdings, Inc. (NASDAQ:QCRH) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 6,238 shares of the bank’s stock, valued at approximately $533,000.

Several other hedge funds also recently added to or reduced their stakes in the business. Cetera Investment Advisers raised its position in QCR by 2.6% in the fourth quarter. Cetera Investment Advisers now owns 4,883 shares of the bank’s stock valued at $407,000 after purchasing an additional 122 shares during the period. Farther Finance Advisors LLC raised its holdings 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 buying an additional 148 shares during the period. Legal & General Group Plc lifted its position in 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 buying an additional 165 shares during the last quarter. State of New Jersey Common Pension Fund D boosted its stake in QCR by 0.7% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 28,395 shares of the bank’s stock worth $2,365,000 after buying an additional 185 shares during the period. Finally, LPL Financial LLC increased its position in shares of QCR by 3.8% during the fourth quarter. LPL Financial LLC now owns 5,208 shares of the bank’s stock valued at $434,000 after acquiring an additional 191 shares during the last quarter. 70.01% of the stock is currently owned by hedge funds and other institutional investors.

QCR Price Performance

QCR stock opened at $96.81 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 $93.49 and a 200-day simple moving average of $89.66. The stock has a market cap of $1.60 billion, a P/E ratio of 12.13 and a beta of 0.75. QCR Holdings, Inc. has a 12-month low of $66.65 and a 12-month high of $99.87.

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. QCR had a return on equity of 12.54% and a net margin of 21.98%.The firm had revenue of $89.52 million for the quarter, compared to analyst estimates of $105.42 million. Equities analysts expect that QCR Holdings, Inc. will post 8.13 EPS for the current fiscal year.

QCR Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 3rd. Stockholders of record on Thursday, June 18th were issued a $0.10 dividend. The ex-dividend date was Thursday, June 18th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.4%. QCR’s dividend payout ratio is presently 5.01%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on QCRH shares. Piper Sandler lowered their price objective on shares of QCR from $108.00 to $107.00 and set an “overweight” rating for the company in a research report on Monday, April 27th. Weiss Ratings reissued a “buy (b)” rating on shares of QCR in a research note on Monday, July 6th. Finally, Raymond James Financial reaffirmed an “outperform” rating and issued a $99.00 target price on shares of QCR in a research 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’s stock. According to data from MarketBeat.com, QCR has an average rating of “Moderate Buy” and a consensus price target of $101.00.

Insider Transactions at QCR

In other news, CEO Laura L. Ekizian sold 750 shares of the firm’s stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $94.96, for a total transaction of $71,220.00. Following the sale, the chief executive officer owned 6,093 shares of the company’s stock, valued at approximately $578,591.28. This trade represents a 10.96% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider James D. Klein sold 310 shares of the company’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 value of $28,210.00. Following the completion of the transaction, the insider directly owned 428 shares of the company’s stock, valued at $38,948. This trade represents a 42.01% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate 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.