Stieven Capital Advisors L.P. Reduces Stake in QCR Holdings, Inc. (QCRH)
Stieven Capital Advisors L.P. decreased its stake in shares of QCR Holdings, Inc. (NASDAQ:QCRH) by 0.5% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 348,100 shares of the bank’s stock after selling 1,600 shares during the quarter. QCR Holdings accounts for about 3.0% of Stieven Capital Advisors L.P.’s investment portfolio, making the stock its 9th biggest position. Stieven Capital Advisors L.P. owned about 2.64% of QCR Holdings worth $15,839,000 as of its most recent filing with the SEC.
Several other large investors also recently bought and sold shares of the company. Systematic Financial Management LP bought a new position in shares of QCR Holdings during the 3rd quarter worth about $1,158,000. Macquarie Group Ltd. bought a new position in shares of QCR Holdings during the 3rd quarter worth about $132,000. SG Americas Securities LLC bought a new position in shares of QCR Holdings during the 3rd quarter worth about $231,000. Russell Investments Group Ltd. increased its holdings in shares of QCR Holdings by 48.9% during the 3rd quarter. Russell Investments Group Ltd. now owns 32,082 shares of the bank’s stock worth $1,459,000 after purchasing an additional 10,543 shares during the period. Finally, Comerica Bank increased its holdings in shares of QCR Holdings by 79.9% during the 3rd quarter. Comerica Bank now owns 15,413 shares of the bank’s stock worth $735,000 after purchasing an additional 6,846 shares during the period. Institutional investors own 57.03% of the company’s stock.
In related news, CFO Todd A. Gipple sold 5,920 shares of the company’s stock in a transaction dated Wednesday, September 13th. The shares were sold at an average price of $43.00, for a total value of $254,560.00. Following the sale, the chief financial officer now owns 49,162 shares of the company’s stock, valued at $2,113,966. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 8.80% of the company’s stock.
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A number of research firms recently weighed in on QCRH. Piper Jaffray Companies set a $55.00 target price on shares of QCR Holdings and gave the company a “buy” rating in a research note on Friday, October 6th. Maxim Group lowered their target price on shares of QCR Holdings from $53.00 to $51.00 and set a “buy” rating on the stock in a research note on Friday, November 3rd. ValuEngine cut shares of QCR Holdings from a “buy” rating to a “hold” rating in a research note on Thursday, November 9th. Finally, BidaskClub cut shares of QCR Holdings from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 12th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $52.67.
Shares of QCR Holdings, Inc. (NASDAQ:QCRH) opened at $44.70 on Friday. The firm has a market cap of $620.84, a PE ratio of 17.19, a P/E/G ratio of 1.70 and a beta of 0.59. QCR Holdings, Inc. has a 52 week low of $37.78 and a 52 week high of $50.00. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.95 and a quick ratio of 0.95.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 4th. Investors of record on Friday, December 15th will be paid a $0.05 dividend. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $0.20 dividend on an annualized basis and a yield of 0.45%. QCR Holdings’s payout ratio is currently 7.84%.
About QCR Holdings
QCR Holdings, Inc is a multi-bank holding company. The Company serves the Quad Cities, Cedar Rapids, Waterloo/Cedar Falls, Des Moines/Ankeny and Rockford communities through its banking subsidiaries, Quad City Bank and Trust Company (QCBT), Cedar Rapids Bank and Trust Company (CRBT), Community State Bank (CSB), Rockford Bank and Trust Company (RB&T), and Guaranty Bank and Trust Company, which provide full-service commercial and consumer banking and trust and asset management services.
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