QCR Holdings, Inc. $QCRH Shares Sold by Maltese Capital Management LLC

Maltese Capital Management LLC lowered its position in QCR Holdings, Inc. (NASDAQ:QCRH) by 17.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 130,300 shares of the bank’s stock after selling 26,600 shares during the quarter. QCR accounts for 1.9% of Maltese Capital Management LLC’s investment portfolio, making the stock its 12th biggest position. Maltese Capital Management LLC’s holdings in QCR were worth $10,854,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Kennedy Capital Management LLC lifted its position in QCR by 108.2% during the third quarter. Kennedy Capital Management LLC now owns 694,551 shares of the bank’s stock valued at $52,536,000 after buying an additional 360,884 shares in the last quarter. Victory Capital Management Inc. increased its stake in QCR by 715.4% during the 3rd quarter. Victory Capital Management Inc. now owns 400,229 shares of the bank’s stock worth $30,273,000 after buying an additional 351,145 shares during the period. Schroder Investment Management Group boosted its position in QCR by 86.2% in the 3rd quarter. Schroder Investment Management Group now owns 350,963 shares of the bank’s stock valued at $26,663,000 after buying an additional 162,482 shares during the last quarter. Hotchkis & Wiley Capital Management LLC acquired a new stake in shares of QCR during the third quarter valued at about $9,825,000. Finally, Endeavour Capital Advisors Inc. increased its position in shares of QCR by 23.3% during the fourth quarter. Endeavour Capital Advisors Inc. now owns 328,497 shares of the bank’s stock worth $27,364,000 after acquiring an additional 62,032 shares during the last quarter. 70.01% of the stock is currently owned by hedge funds and other institutional investors.

QCR Stock Performance

Shares of NASDAQ QCRH opened at $94.71 on Tuesday. QCR Holdings, Inc. has a 1 year low of $63.68 and a 1 year high of $97.25. The firm has a market cap of $1.56 billion, a P/E ratio of 11.87 and a beta of 0.76. The stock has a fifty day moving average price of $91.10 and a two-hundred day moving average price of $88.12. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.89 and a current ratio of 0.96.

QCR (NASDAQ:QCRH) last announced its quarterly earnings data on Wednesday, April 22nd. The bank reported $1.99 earnings per share for the quarter, beating the consensus estimate of $1.78 by $0.21. The business had revenue of $89.52 million during the quarter, compared to analyst estimates of $105.42 million. QCR had a return on equity of 12.54% and a net margin of 21.98%. Research analysts forecast 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 will be paid on Friday, July 3rd. Stockholders of record on Thursday, June 18th will be given a dividend of $0.10 per share. The ex-dividend date is Thursday, June 18th. This represents a $0.40 annualized dividend and a dividend yield of 0.4%. QCR’s dividend payout ratio (DPR) is 5.01%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on QCRH. Piper Sandler reduced their target price on QCR from $108.00 to $107.00 and set an “overweight” rating for the company in a research note on Monday, April 27th. Raymond James Financial reissued an “outperform” rating and set a $99.00 price objective on shares of QCR in a report on Monday, April 27th. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $101.00.

Insider Activity at QCR

In related news, CEO Laura L. Ekizian sold 750 shares of the 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 completion of the sale, the chief executive officer directly owned 6,093 shares of the company’s stock, valued at $578,591.28. This represents a 10.96% 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. 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 completion of the transaction, the insider owned 428 shares in the company, valued at approximately $38,948. This trade represents a 42.01% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 3.20% of the company’s stock.

About QCR

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.