Jackson Creek Investment Advisors LLC Makes New Investment in QCR Holdings, Inc. (NASDAQ:QCRH)

Jackson Creek Investment Advisors LLC bought a new stake in QCR Holdings, Inc. (NASDAQ:QCRH) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 20,131 shares of the bank’s stock, valued at approximately $1,623,000. Jackson Creek Investment Advisors LLC owned about 0.12% of QCR at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in QCRH. New York State Teachers Retirement System purchased a new stake in QCR in the 3rd quarter valued at about $111,000. Principal Financial Group Inc. lifted its holdings in QCR by 11.2% during the third quarter. Principal Financial Group Inc. now owns 8,306 shares of the bank’s stock worth $615,000 after acquiring an additional 834 shares during the period. Summit Global Investments purchased a new position in QCR in the third quarter worth $261,000. Versor Investments LP purchased a new position in QCR in the third quarter worth $733,000. Finally, Empowered Funds LLC grew its stake in QCR by 5.3% in the 3rd quarter. Empowered Funds LLC now owns 64,027 shares of the bank’s stock valued at $4,740,000 after purchasing an additional 3,216 shares during the period. 70.01% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at QCR

In other news, EVP Nicole A. Lee acquired 1,094 shares of the stock in a transaction that occurred on Wednesday, January 29th. The shares were acquired at an average cost of $78.47 per share, for a total transaction of $85,846.18. Following the purchase, the executive vice president now owns 1,881 shares of the company’s stock, valued at approximately $147,602.07. The trade was a 139.01 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 3.70% of the company’s stock.

QCR Trading Down 1.1 %

NASDAQ QCRH opened at $71.55 on Friday. The business’s fifty day moving average is $77.92 and its 200-day moving average is $80.00. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.02 and a quick ratio of 0.99. The stock has a market capitalization of $1.21 billion, a price-to-earnings ratio of 10.66 and a beta of 0.98. QCR Holdings, Inc. has a one year low of $54.37 and a one year high of $96.08.

QCR (NASDAQ:QCRH) last released its earnings results on Wednesday, January 22nd. The bank reported $1.93 earnings per share for the quarter, beating analysts’ consensus estimates of $1.74 by $0.19. QCR had a net margin of 19.06% and a return on equity of 12.68%. Equities research analysts predict that QCR Holdings, Inc. will post 6.82 EPS for the current year.

QCR Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Wednesday, March 19th will be paid a $0.06 dividend. The ex-dividend date is Wednesday, March 19th. This represents a $0.24 annualized dividend and a dividend yield of 0.34%. QCR’s payout ratio is presently 3.58%.

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.