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

Hillsdale Investment Management Inc. bought a new position in QCR Holdings, Inc. (NASDAQ:QCRH) in the 4th quarter, HoldingsChannel reports. The fund bought 48,693 shares of the bank’s stock, valued at approximately $4,056,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Jackson Creek Investment Advisors LLC bought a new position in QCR in the 3rd quarter worth about $1,228,000. Endeavour Capital Advisors Inc. grew its position in QCR by 20.5% in the 3rd quarter. Endeavour Capital Advisors Inc. now owns 266,465 shares of the bank’s stock worth $20,155,000 after purchasing an additional 45,389 shares during the last quarter. Boothbay Fund Management LLC grew its position in QCR by 144.2% in the 3rd quarter. Boothbay Fund Management LLC now owns 78,282 shares of the bank’s stock worth $5,921,000 after purchasing an additional 46,221 shares during the last quarter. Daytona Street Capital LLC bought a new position in QCR in the 4th quarter worth about $897,000. Finally, Kestrel Investment Management Corp bought a new position in QCR in the 4th quarter worth about $4,636,000. Institutional investors own 70.01% of the company’s stock.

QCR Price Performance

QCRH stock opened at $92.15 on Monday. QCR Holdings, Inc. has a 12 month low of $63.68 and a 12 month high of $96.00. The firm has a market cap of $1.52 billion, a PE ratio of 11.55 and a beta of 0.76. The firm has a 50 day simple moving average of $88.99 and a 200 day simple moving average of $86.88. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.96 and a quick ratio of 0.89.

QCR (NASDAQ:QCRH) last released 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 net margin of 21.98% and a return on equity of 12.54%. The business 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 announced 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 of this dividend is Thursday, June 18th. This represents a $0.40 annualized dividend and a yield of 0.4%. QCR’s dividend payout ratio is currently 5.01%.

Analyst Ratings Changes

Several research analysts have commented on QCRH shares. Weiss Ratings upgraded shares of QCR from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, February 2nd. Piper Sandler decreased their target price 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. Finally, Raymond James Financial restated 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 assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $101.00.

Insider Buying and Selling

In related news, insider James D. Klein sold 310 shares of the 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 of the company’s stock, valued at $38,948. This represents a 42.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 3.20% of the stock is currently owned by corporate insiders.

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.