QCR Holdings, Inc. $QCRH Holdings Lifted by Endeavour Capital Advisors Inc.

Endeavour Capital Advisors Inc. increased its stake in shares of QCR Holdings, Inc. (NASDAQ:QCRH) by 23.3% during the 4th quarter, Holdings Channel.com reports. The fund owned 328,497 shares of the bank’s stock after purchasing an additional 62,032 shares during the quarter. QCR comprises about 7.6% of Endeavour Capital Advisors Inc.’s portfolio, making the stock its 3rd biggest position. Endeavour Capital Advisors Inc.’s holdings in QCR were worth $27,364,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of QCRH. Kennedy Capital Management LLC boosted its stake in QCR by 108.2% in the third quarter. Kennedy Capital Management LLC now owns 694,551 shares of the bank’s stock valued at $52,536,000 after acquiring an additional 360,884 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in shares of QCR by 715.4% in the 3rd quarter. Victory Capital Management Inc. now owns 400,229 shares of the bank’s stock valued at $30,273,000 after purchasing an additional 351,145 shares during the last quarter. Schroder Investment Management Group lifted its holdings in shares of QCR by 86.2% in the 3rd quarter. Schroder Investment Management Group now owns 350,963 shares of the bank’s stock valued at $26,663,000 after purchasing an additional 162,482 shares during the last quarter. Hotchkis & Wiley Capital Management LLC acquired a new stake in shares of QCR in the 3rd quarter valued at about $9,825,000. Finally, Kestrel Investment Management Corp acquired a new stake in shares of QCR in the 4th quarter valued at about $4,636,000. Institutional investors and hedge funds own 70.01% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Raymond James Financial reaffirmed an “outperform” rating and set a $99.00 price target on shares of QCR in a research report on Monday, April 27th. Piper Sandler reduced their price objective on QCR from $108.00 to $107.00 and set an “overweight” rating for the company in a research note on Monday, April 27th. Keefe, Bruyette & Woods increased their price objective on QCR from $92.00 to $102.00 and gave the company an “outperform” rating in a report on Thursday, January 29th. Weiss Ratings upgraded shares of QCR from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, February 2nd. Finally, DA Davidson lifted their target price 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 assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $101.00.

QCR Stock Performance

NASDAQ QCRH opened at $90.88 on Tuesday. The firm has a market cap of $1.50 billion, a P/E ratio of 11.39 and a beta of 0.77. QCR Holdings, Inc. has a 52-week low of $63.68 and a 52-week high of $96.00. The business’s 50-day moving average price is $88.19 and its 200 day moving average price is $86.45. The company has a quick ratio of 0.89, a current ratio of 0.96 and a debt-to-equity ratio of 0.37.

QCR (NASDAQ:QCRH) last posted its quarterly earnings data on Wednesday, April 22nd. The bank reported $1.99 EPS for the quarter, beating the consensus estimate of $1.78 by $0.21. QCR had a return on equity of 12.54% and a net margin of 21.98%.The firm had revenue of $89.52 million during the quarter, compared to the consensus estimate of $105.42 million. On average, equities research analysts expect that QCR Holdings, Inc. will post 8.13 earnings per share for the current year.

Insider Transactions at QCR

In other QCR news, insider James D. Klein sold 554 shares of the company’s stock in a transaction on Thursday, March 12th. The shares were sold at an average price of $82.50, for a total transaction of $45,705.00. Following the completion of the transaction, the insider owned 738 shares in the company, valued at approximately $60,885. This represents a 42.88% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 3.20% of the company’s stock.

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.