Boothbay Fund Management LLC Increases Position in QCR Holdings, Inc. $QCRH

Boothbay Fund Management LLC lifted its stake in QCR Holdings, Inc. (NASDAQ:QCRH) by 144.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 78,282 shares of the bank’s stock after purchasing an additional 46,221 shares during the period. Boothbay Fund Management LLC owned approximately 0.46% of QCR worth $5,921,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in QCRH. Creative Planning increased its holdings in QCR by 1.1% in the second quarter. Creative Planning now owns 13,917 shares of the bank’s stock valued at $945,000 after buying an additional 157 shares in the last quarter. Legal & General Group Plc lifted its position in shares of QCR by 1.0% during the 2nd quarter. Legal & General Group Plc now owns 17,366 shares of the bank’s stock valued at $1,179,000 after acquiring an additional 165 shares during the period. Swiss National Bank boosted its stake in shares of QCR by 1.2% during the 3rd quarter. Swiss National Bank now owns 32,739 shares of the bank’s stock worth $2,476,000 after acquiring an additional 400 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of QCR by 4.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,729 shares of the bank’s stock worth $694,000 after acquiring an additional 403 shares during the period. Finally, Pathstone Holdings LLC grew its holdings in shares of QCR by 2.4% in the 3rd quarter. Pathstone Holdings LLC now owns 18,524 shares of the bank’s stock worth $1,401,000 after acquiring an additional 431 shares during the period. 70.01% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, insider James D. Klein sold 554 shares of QCR stock in a transaction dated 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 sale, the insider directly owned 738 shares in the company, valued at $60,885. The trade was a 42.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Todd A. Gipple sold 8,590 shares of the business’s stock in a transaction that occurred on Friday, January 30th. The shares were sold at an average price of $89.92, for a total transaction of $772,412.80. Following the completion of the transaction, the chief financial officer directly owned 44,902 shares of the company’s stock, valued at approximately $4,037,587.84. This represents a 16.06% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 3.70% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on QCRH. Keefe, Bruyette & Woods lifted their price objective on QCR from $92.00 to $102.00 and gave the stock an “outperform” rating in a report on Thursday, January 29th. Raymond James Financial reissued an “outperform” rating and issued a $103.00 target price on shares of QCR in a report on Friday, January 30th. Weiss Ratings upgraded QCR from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, February 2nd. Zacks Research lowered shares of QCR from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 29th. Finally, DA Davidson increased their price objective on shares of QCR from $92.00 to $96.00 and gave the company a “neutral” rating in a research note on Thursday, January 29th. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $102.25.

QCR Price Performance

QCRH stock opened at $81.90 on Monday. The stock’s 50 day moving average price is $88.21 and its 200 day moving average price is $82.04. The firm has a market cap of $1.37 billion, a P/E ratio of 10.91 and a beta of 0.82. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.00 and a current ratio of 1.00. QCR Holdings, Inc. has a 1 year low of $60.83 and a 1 year high of $96.00.

QCR (NASDAQ:QCRH) last released its quarterly earnings results on Tuesday, January 27th. The bank reported $2.21 earnings per share for the quarter, topping the consensus estimate of $1.96 by $0.25. QCR had a return on equity of 12.13% and a net margin of 21.07%.The company had revenue of $107.02 million during the quarter, compared to the consensus estimate of $106.87 million. On average, sell-side analysts expect that QCR Holdings, Inc. will post 6.82 earnings per share for the current fiscal year.

QCR Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 3rd. Investors of record on Thursday, March 19th will be given a dividend of $0.10 per share. The ex-dividend date is Thursday, March 19th. This represents a $0.40 dividend on an annualized basis and a yield of 0.5%. This is a boost from QCR’s previous quarterly dividend of $0.06. QCR’s dividend payout ratio (DPR) is 3.20%.

QCR 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.