Systematic Financial Management LP Buys New Holdings in QCR Holdings, Inc. (QCRH)

Systematic Financial Management LP bought a new position in shares of QCR Holdings, Inc. (NASDAQ:QCRH) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 24,150 shares of the bank’s stock, valued at approximately $1,146,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Swiss National Bank lifted its position in QCR by 7.3% during the first quarter. Swiss National Bank now owns 21,939 shares of the bank’s stock worth $984,000 after buying an additional 1,500 shares during the period. Barclays PLC lifted its position in QCR by 82.8% during the first quarter. Barclays PLC now owns 3,514 shares of the bank’s stock worth $158,000 after buying an additional 1,592 shares during the period. The Manufacturers Life Insurance Company lifted its position in QCR by 1.1% during the first quarter. The Manufacturers Life Insurance Company now owns 226,177 shares of the bank’s stock worth $10,144,000 after buying an additional 2,523 shares during the period. Monarch Partners Asset Management LLC lifted its position in QCR by 23.7% during the second quarter. Monarch Partners Asset Management LLC now owns 14,525 shares of the bank’s stock worth $689,000 after buying an additional 2,785 shares during the period. Finally, Elizabeth Park Capital Advisors Ltd. lifted its position in QCR by 1.4% during the first quarter. Elizabeth Park Capital Advisors Ltd. now owns 214,386 shares of the bank’s stock worth $9,615,000 after buying an additional 3,000 shares during the period. Hedge funds and other institutional investors own 56.86% of the company’s stock.

QCR stock opened at $44.35 on Monday. The stock has a market capitalization of $694.72 million, a PE ratio of 16.67, a PEG ratio of 1.43 and a beta of 0.38. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.98. QCR Holdings, Inc. has a 12 month low of $39.85 and a 12 month high of $49.70.

QCR (NASDAQ:QCRH) last released its quarterly earnings data on Thursday, July 19th. The bank reported $0.77 EPS for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.02). The firm had revenue of $41.00 million during the quarter, compared to analysts’ expectations of $41.58 million. QCR had a return on equity of 11.54% and a net margin of 20.84%. equities analysts forecast that QCR Holdings, Inc. will post 3.1 earnings per share for the current fiscal year.

In other news, CEO Thomas D. Budd sold 856 shares of the stock in a transaction dated Monday, July 9th. The stock was sold at an average price of $49.50, for a total value of $42,372.00. Following the completion of the sale, the chief executive officer now owns 4,045 shares in the company, valued at $200,227.50. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 8.80% of the stock is currently owned by company insiders.

QCRH has been the topic of several recent analyst reports. BidaskClub upgraded QCR from a “sell” rating to a “hold” rating in a research report on Thursday, June 21st. ValuEngine downgraded QCR from a “hold” rating to a “sell” rating in a report on Friday, July 20th. Finally, Piper Jaffray Companies restated a “buy” rating and issued a $52.00 price objective on shares of QCR in a report on Monday, July 23rd. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $53.60.

QCR Profile

QCR Holdings, Inc, a multi-bank holding company, provides commercial and consumer banking, and trust and asset management services. The company operates through Commercial Banking and Wealth Management segments. Its deposit products include noninterest and interest-bearing demand, time, and brokered time deposits.

Further Reading: Leveraged Buyout (LBO)

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Institutional Ownership by Quarter for QCR (NASDAQ:QCRH)

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