Schroder Investment Management Group Acquires 162,482 Shares of QCR Holdings, Inc. $QCRH

Schroder Investment Management Group grew its stake in QCR Holdings, Inc. (NASDAQ:QCRH) by 86.2% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 350,963 shares of the bank’s stock after purchasing an additional 162,482 shares during the quarter. Schroder Investment Management Group owned about 2.08% of QCR worth $26,663,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. State of Alaska Department of Revenue bought a new stake in QCR in the third quarter valued at about $51,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in QCR during the third quarter worth about $224,000. Entropy Technologies LP bought a new position in QCR during the second quarter worth about $210,000. Inceptionr LLC acquired a new position in shares of QCR during the 3rd quarter worth about $242,000. Finally, Jump Financial LLC acquired a new position in shares of QCR during the 2nd quarter worth about $267,000. 70.01% of the stock is currently owned by institutional investors.

QCR Stock Down 1.1%

NASDAQ:QCRH opened at $81.91 on Friday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.00 and a current ratio of 1.00. The company has a market cap of $1.37 billion, a PE ratio of 10.91 and a beta of 0.82. QCR Holdings, Inc. has a 52-week low of $60.83 and a 52-week high of $96.00. The stock has a 50-day simple moving average of $88.21 and a 200 day simple moving average of $81.99.

QCR (NASDAQ:QCRH) last released its earnings results on Tuesday, January 27th. The bank reported $2.21 EPS for the quarter, beating the consensus estimate of $1.96 by $0.25. QCR had a return on equity of 12.13% and a net margin of 21.07%.The firm had revenue of $107.02 million for the quarter, compared to analysts’ expectations of $106.87 million. On average, sell-side analysts expect that QCR Holdings, Inc. will post 6.82 EPS for the current fiscal year.

QCR Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 3rd. Stockholders of record on Thursday, March 19th will be given a $0.10 dividend. This is a boost from QCR’s previous quarterly dividend of $0.06. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend is Thursday, March 19th. QCR’s payout ratio is presently 3.20%.

Analysts Set New Price Targets

QCRH has been the topic of a number of analyst reports. DA Davidson increased their price target on shares of QCR from $92.00 to $96.00 and gave the company a “neutral” rating in a research report on Thursday, January 29th. Zacks Research cut shares of QCR from a “strong-buy” rating to a “hold” rating in a report on Monday, December 29th. Piper Sandler reaffirmed an “overweight” rating and issued a $108.00 target price (up from $105.00) on shares of QCR in a research note on Friday, January 30th. Keefe, Bruyette & Woods increased their target price on shares of QCR from $92.00 to $102.00 and gave the stock an “outperform” rating in a report on Thursday, January 29th. Finally, Weiss Ratings raised shares of QCR from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, February 2nd. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $102.25.

Insiders Place Their Bets

In related news, CFO Todd A. Gipple sold 8,590 shares of the stock in a transaction on Friday, January 30th. The shares were sold at an average price of $89.92, for a total transaction of $772,412.80. Following the completion of the transaction, the chief financial officer owned 44,902 shares in the company, valued at approximately $4,037,587.84. This represents a 16.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider James D. Klein sold 554 shares of the firm’s stock in a transaction on Thursday, March 12th. The shares were sold at an average price of $82.50, for a total transaction of $45,705.00. Following the completion of the transaction, the insider directly owned 738 shares of the company’s stock, valued at approximately $60,885. This trade represents a 42.88% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 3.70% of the company’s stock.

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.