QCR Holdings, Inc. $QCRH Shares Acquired by Rhino Investment Partners Inc

Rhino Investment Partners Inc increased its position in shares of QCR Holdings, Inc. (NASDAQ:QCRH) by 122.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 133,324 shares of the bank’s stock after purchasing an additional 73,308 shares during the period. QCR accounts for about 3.2% of Rhino Investment Partners Inc’s investment portfolio, making the stock its 12th largest holding. Rhino Investment Partners Inc’s holdings in QCR were worth $11,393,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Assetmark Inc. acquired a new position in shares of QCR during the 4th quarter valued at $37,000. Farther Finance Advisors LLC grew its holdings in QCR by 34.6% during the fourth quarter. Farther Finance Advisors LLC now owns 576 shares of the bank’s stock worth $48,000 after acquiring an additional 148 shares during the period. Kemnay Advisory Services Inc. acquired a new position in QCR during the fourth quarter worth about $61,000. Blue Trust Inc. bought a new stake in QCR in the first quarter worth about $71,000. Finally, Quadrant Capital Group LLC bought a new stake in QCR in the third quarter worth about $72,000. 70.01% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other QCR news, CEO Laura L. Ekizian sold 750 shares of QCR stock in a transaction that occurred on Tuesday, June 9th. The shares were sold at an average price of $94.96, for a total transaction 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. The trade was a 10.96% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider James D. Klein sold 310 shares of QCR stock in a transaction that occurred on Thursday, April 30th. The stock was sold at an average price of $91.00, for a total transaction of $28,210.00. Following the transaction, the insider owned 428 shares in the company, valued at approximately $38,948. The trade was a 42.01% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 3.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. DA Davidson lifted their price objective on shares of QCR from $97.00 to $105.00 and gave the stock a “neutral” rating in a research note on Monday. Piper Sandler restated an “overweight” rating and issued a $123.00 price target (up from $107.00) on shares of QCR in a research report on Monday. Keefe, Bruyette & Woods upped their price target on QCR from $105.00 to $108.00 and gave the company an “outperform” rating in a report on Friday, July 24th. Weiss Ratings reiterated a “buy (b)” rating on shares of QCR in a research report on Monday, July 6th. Finally, Raymond James Financial reiterated an “outperform” rating and set a $99.00 price objective on shares of QCR in a research report on Monday, April 27th. Four investment 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, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $108.75.

QCR Price Performance

NASDAQ QCRH opened at $103.28 on Wednesday. The stock’s 50-day moving average price is $95.44 and its two-hundred day moving average price is $90.82. 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 market cap of $1.71 billion, a PE ratio of 12.21 and a beta of 0.75. QCR Holdings, Inc. has a 1 year low of $66.65 and a 1 year high of $103.34.

QCR (NASDAQ:QCRH) last announced its earnings results on Wednesday, July 22nd. The bank reported $2.19 EPS for the quarter, topping the consensus estimate of $1.91 by $0.28. The company had revenue of $97.34 million during the quarter, compared to analysts’ expectations of $104.10 million. QCR had a net margin of 22.86% and a return on equity of 13.00%. On average, analysts predict that QCR Holdings, Inc. will post 8.4 EPS for the current year.

QCR Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 3rd. Investors of record on Thursday, June 18th were paid a $0.10 dividend. The ex-dividend date of this dividend was Thursday, June 18th. This represents a $0.40 dividend on an annualized basis and a yield of 0.4%. QCR’s dividend payout ratio (DPR) is currently 4.73%.

QCR 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.