Dean Capital Management Purchases 10,055 Shares of QCR Holdings, Inc. $QCRH

Dean Capital Management grew its position in QCR Holdings, Inc. (NASDAQ:QCRH) by 32.3% during the third quarter, Holdings Channel reports. The institutional investor owned 41,153 shares of the bank’s stock after acquiring an additional 10,055 shares during the quarter. QCR comprises 1.2% of Dean Capital Management’s investment portfolio, making the stock its 17th largest holding. Dean Capital Management’s holdings in QCR were worth $3,113,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. State of Alaska Department of Revenue bought a new position in shares of QCR during the 3rd quarter worth approximately $51,000. Quadrant Capital Group LLC purchased a new stake in QCR during the third quarter valued at approximately $72,000. Russell Investments Group Ltd. acquired a new stake in QCR in the third quarter valued at approximately $104,000. Entropy Technologies LP acquired a new stake in QCR in the second quarter valued at approximately $210,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in QCR in the third quarter worth $224,000. Hedge funds and other institutional investors own 70.01% of the company’s stock.

QCR Trading Down 0.0%

NASDAQ QCRH opened at $81.90 on Monday. QCR Holdings, Inc. has a 12-month low of $60.83 and a 12-month high of $96.00. The company has a fifty day simple moving average of $88.21 and a two-hundred day simple moving average of $82.04. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.57. The stock has a market cap of $1.37 billion, a P/E ratio of 10.91 and a beta of 0.82.

QCR (NASDAQ:QCRH) last announced its quarterly earnings data on Tuesday, January 27th. The bank reported $2.21 earnings per share for the quarter, beating analysts’ consensus estimates of $1.96 by $0.25. QCR had a net margin of 21.07% and a return on equity of 12.13%. The firm had revenue of $107.02 million for the quarter, compared to analyst estimates of $106.87 million. On average, analysts forecast that QCR Holdings, Inc. will post 6.82 earnings per share for the current year.

QCR Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 3rd. Shareholders of record on Thursday, March 19th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.5%. The ex-dividend date is Thursday, March 19th. This is a boost from QCR’s previous quarterly dividend of $0.06. QCR’s dividend payout ratio (DPR) is presently 3.20%.

Insider Transactions at QCR

In other news, insider James D. Klein sold 554 shares of the stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of $82.50, for a total value of $45,705.00. Following the transaction, the insider directly owned 738 shares of the company’s stock, valued at approximately $60,885. This represents a 42.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Todd A. Gipple sold 8,590 shares of the firm’s stock in a transaction dated Friday, January 30th. The stock was sold at an average price of $89.92, for a total value of $772,412.80. Following the completion of the transaction, the chief financial officer owned 44,902 shares of the company’s stock, valued at approximately $4,037,587.84. The trade was a 16.06% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 3.70% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

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

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.