Y Intercept Hong Kong Ltd Makes New $1.83 Million Investment in QCR Holdings, Inc. $QCRH

Y Intercept Hong Kong Ltd bought a new position in QCR Holdings, Inc. (NASDAQ:QCRH) during the 2nd quarter, HoldingsChannel reports. The fund bought 26,941 shares of the bank’s stock, valued at approximately $1,829,000.

A number of other institutional investors have also recently made changes to their positions in QCRH. New Age Alpha Advisors LLC bought a new stake in shares of QCR during the first quarter valued at approximately $46,000. EntryPoint Capital LLC purchased a new stake in QCR during the 1st quarter valued at $210,000. R Squared Ltd increased its holdings in shares of QCR by 309.3% in the 1st quarter. R Squared Ltd now owns 3,250 shares of the bank’s stock worth $232,000 after purchasing an additional 2,456 shares in the last quarter. Hohimer Wealth Management LLC increased its holdings in shares of QCR by 4.9% in the 1st quarter. Hohimer Wealth Management LLC now owns 3,489 shares of the bank’s stock worth $249,000 after purchasing an additional 164 shares in the last quarter. Finally, Virtus Advisers LLC purchased a new position in shares of QCR in the first quarter worth $260,000. Hedge funds and other institutional investors own 70.01% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $92.00 price objective (up from $90.00) on shares of QCR in a report on Friday, July 25th. Zacks Research raised shares of QCR from a “hold” rating to a “strong-buy” rating in a report on Monday, October 27th. Weiss Ratings downgraded shares of QCR from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Saturday, October 25th. Piper Sandler lifted their target price on shares of QCR from $92.50 to $97.00 and gave the stock an “overweight” rating in a research report on Monday, October 27th. Finally, Wall Street Zen upgraded shares of QCR from a “sell” rating to a “hold” rating in a research note on Saturday, July 26th. One equities research 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 stock. According to MarketBeat.com, QCR currently has an average rating of “Moderate Buy” and an average target price of $90.00.

Insider Buying and Selling

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

QCR Stock Performance

Shares of NASDAQ QCRH opened at $74.39 on Friday. QCR Holdings, Inc. has a 12-month low of $60.83 and a 12-month high of $96.08. The firm has a market capitalization of $1.26 billion, a price-to-earnings ratio of 10.39 and a beta of 0.83. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.48. The firm has a 50 day moving average of $75.78 and a 200 day moving average of $71.79.

QCR (NASDAQ:QCRH) last issued its quarterly earnings results on Wednesday, October 22nd. The bank reported $2.17 earnings per share for the quarter, topping the consensus estimate of $1.73 by $0.44. QCR had a net margin of 20.64% and a return on equity of 12.22%. The business had revenue of $101.45 million for the quarter, compared to analysts’ expectations of $100.95 million. On average, research analysts anticipate that QCR Holdings, Inc. will post 6.82 earnings per share for the current year.

QCR Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 3rd. Shareholders of record on Thursday, September 18th were issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend was Thursday, September 18th. QCR’s payout ratio is currently 3.35%.

QCR Profile

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.