LSV Asset Management Sells 8,400 Shares of QCR Holdings, Inc. (NASDAQ:QCRH)

LSV Asset Management trimmed its holdings in shares of QCR Holdings, Inc. (NASDAQ:QCRH) by 6.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 120,400 shares of the bank’s stock after selling 8,400 shares during the quarter. LSV Asset Management’s holdings in QCR were worth $7,030,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. SG Americas Securities LLC bought a new stake in QCR during the 3rd quarter valued at about $146,000. Bank of New York Mellon Corp boosted its holdings in shares of QCR by 2.0% in the third quarter. Bank of New York Mellon Corp now owns 89,525 shares of the bank’s stock valued at $4,344,000 after purchasing an additional 1,715 shares during the period. Emerald Mutual Fund Advisers Trust purchased a new stake in shares of QCR in the third quarter valued at approximately $636,000. Teacher Retirement System of Texas purchased a new position in QCR during the 3rd quarter worth $488,000. Finally, Versor Investments LP bought a new stake in QCR during the 3rd quarter valued at $277,000. 70.01% of the stock is owned by hedge funds and other institutional investors.

QCR Trading Up 1.0 %

Shares of NASDAQ:QCRH opened at $58.65 on Thursday. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.81. The company has a market capitalization of $985.32 million, a PE ratio of 8.74 and a beta of 0.97. QCR Holdings, Inc. has a 12-month low of $36.56 and a 12-month high of $62.94. The business’s fifty day simple moving average is $57.23 and its 200-day simple moving average is $55.68.

QCR (NASDAQ:QCRH) last posted its earnings results on Tuesday, April 23rd. The bank reported $1.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.32 by $0.27. The company had revenue of $141.91 million for the quarter, compared to analyst estimates of $82.83 million. QCR had a return on equity of 13.47% and a net margin of 19.92%. During the same quarter in the previous year, the firm earned $1.65 earnings per share. As a group, equities research analysts predict that QCR Holdings, Inc. will post 5.78 earnings per share for the current fiscal year.

QCR Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 3rd. Investors of record on Friday, March 15th were given a dividend of $0.06 per share. The ex-dividend date was Thursday, March 14th. This represents a $0.24 dividend on an annualized basis and a yield of 0.41%. QCR’s payout ratio is 3.58%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on QCRH shares. Raymond James increased their price target on QCR from $60.00 to $72.00 and gave the stock an “outperform” rating in a research report on Monday, January 29th. Keefe, Bruyette & Woods increased their target price on shares of QCR from $69.00 to $70.00 and gave the stock an “outperform” rating in a report on Thursday, January 25th. Finally, Piper Sandler boosted their price target on shares of QCR from $67.00 to $74.00 and gave the company an “overweight” rating in a report on Thursday, January 25th.

QCR Company 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.