Intech Investment Management LLC Cuts Holdings in QCR Holdings, Inc. $QCRH

Intech Investment Management LLC lowered its stake in QCR Holdings, Inc. (NASDAQ:QCRH) by 35.1% during the second quarter, Holdings Channel.com reports. The firm owned 7,186 shares of the bank’s stock after selling 3,894 shares during the quarter. Intech Investment Management LLC’s holdings in QCR were worth $488,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. New Age Alpha Advisors LLC purchased a new stake in shares of QCR during the first quarter worth approximately $46,000. EntryPoint Capital LLC acquired a new position in QCR during the 1st quarter worth approximately $210,000. R Squared Ltd increased its position in shares of QCR by 309.3% in the 1st quarter. R Squared Ltd now owns 3,250 shares of the bank’s stock valued at $232,000 after purchasing an additional 2,456 shares during the last quarter. Virtus Advisers LLC acquired a new stake in shares of QCR in the 1st quarter valued at $260,000. Finally, Quantbot Technologies LP lifted its position in shares of QCR by 174.6% during the 1st quarter. Quantbot Technologies LP now owns 4,240 shares of the bank’s stock worth $302,000 after purchasing an additional 2,696 shares during the last quarter. 70.01% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently commented on QCRH. Zacks Research raised QCR from a “hold” rating to a “strong-buy” rating in a report on Monday, October 27th. Weiss Ratings reiterated a “hold (c+)” rating on shares of QCR in a report on Tuesday. Raymond James Financial restated an “outperform” rating and set a $88.00 target price (up previously from $85.00) on shares of QCR in a research note on Monday, October 27th. DA Davidson reaffirmed a “neutral” rating and issued a $83.00 price target on shares of QCR in a report on Thursday, October 9th. Finally, Piper Sandler raised their price objective on shares of QCR from $92.50 to $97.00 and gave the stock an “overweight” rating in a report on Monday, October 27th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, QCR has a consensus rating of “Moderate Buy” and an average price target of $90.00.

Insider Activity at QCR

In other news, CEO Laura L. Ekizian sold 333 shares of the company’s stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $80.00, for a total value of $26,640.00. Following the completion of the sale, the chief executive officer directly owned 5,632 shares of the company’s stock, valued at approximately $450,560. This represents a 5.58% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 3.70% of the company’s stock.

QCR Trading Down 0.5%

QCRH opened at $81.64 on Friday. The firm has a market cap of $1.37 billion, a price-to-earnings ratio of 11.40 and a beta of 0.87. QCR Holdings, Inc. has a 52 week low of $60.83 and a 52 week high of $93.57. The business’s 50 day moving average is $75.58 and its two-hundred day moving average is $73.39. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.48.

QCR (NASDAQ:QCRH) last posted its quarterly earnings data on Friday, November 7th. The bank reported $2.17 earnings per share for the quarter. The business had revenue of $101.45 million during the quarter. QCR had a return on equity of 12.22% and a net margin of 20.64%. On average, research analysts predict that QCR Holdings, Inc. will post 6.82 EPS for the current year.

QCR Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 7th. Shareholders of record on Tuesday, December 23rd will be paid a $0.06 dividend. The ex-dividend date is Tuesday, December 23rd. This represents a $0.24 dividend on an annualized basis and a yield of 0.3%. QCR’s payout ratio is currently 3.35%.

About QCR

QCR Holdings, Inc, a multi-bank holding company, provides commercial and consumer banking, and trust and asset management services. The company’s deposit products include noninterest-bearing demand, interest-bearing demand, time, and brokered deposits. It also provides various commercial and retail lending/leasing, and investment services to corporations, partnerships, individuals, and government agencies.