QCR Holdings, Inc. $QCRH Stake Increased by Victory Capital Management Inc.

Victory Capital Management Inc. boosted its stake in QCR Holdings, Inc. (NASDAQ:QCRH) by 715.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 400,229 shares of the bank’s stock after acquiring an additional 351,145 shares during the period. Victory Capital Management Inc. owned 2.38% of QCR worth $30,273,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in QCRH. State of Alaska Department of Revenue bought a new stake in shares of QCR in the 3rd quarter worth about $51,000. Entropy Technologies LP acquired a new position in QCR in the second quarter worth about $210,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in QCR in the third quarter valued at about $224,000. Jump Financial LLC acquired a new stake in QCR during the second quarter valued at approximately $267,000. Finally, R Squared Ltd acquired a new stake in QCR during the third quarter valued at approximately $384,000. 70.01% of the stock is currently owned by institutional investors.

QCR Price Performance

Shares of NASDAQ QCRH opened at $83.05 on Monday. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.00 and a quick ratio of 1.00. The firm has a market capitalization of $1.39 billion, a PE ratio of 11.06 and a beta of 0.82. QCR Holdings, Inc. has a 1-year low of $60.83 and a 1-year high of $96.00. The business’s fifty day moving average price is $88.24 and its two-hundred day moving average price is $81.90.

QCR (NASDAQ:QCRH) last announced its quarterly earnings results on Tuesday, January 27th. The bank reported $2.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.96 by $0.25. QCR had a net margin of 21.07% and a return on equity of 12.13%. The company had revenue of $107.02 million during the quarter, compared to the consensus estimate of $106.87 million. On average, research analysts expect that QCR Holdings, Inc. will post 6.82 EPS 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 $0.10 dividend. The ex-dividend date is Thursday, March 19th. This is an increase from QCR’s previous quarterly dividend of $0.06. This represents a $0.40 annualized dividend and a dividend yield of 0.5%. QCR’s dividend payout ratio (DPR) is 3.20%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Weiss Ratings upgraded QCR from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, February 2nd. Piper Sandler restated an “overweight” rating and set a $108.00 price objective (up from $105.00) on shares of QCR in a research note on Friday, January 30th. Raymond James Financial reiterated an “outperform” rating and set a $103.00 target price on shares of QCR in a research note on Friday, January 30th. Zacks Research downgraded shares of QCR from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 29th. Finally, DA Davidson lifted their price target on shares of QCR from $92.00 to $96.00 and gave the company a “neutral” rating in a report on Thursday, January 29th. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, QCR currently has an average rating of “Moderate Buy” and an average target price of $102.25.

Insider Activity at QCR

In other news, CFO Todd A. Gipple sold 8,590 shares of QCR stock in a transaction that occurred on Friday, January 30th. The stock was sold at an average price of $89.92, for a total transaction of $772,412.80. Following the sale, 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 transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 3.70% of the company’s stock.

QCR Company 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.