Castine Capital Management LLC Holding in Qcr Holdings INC (QCRH) Has Decreased as Valuation Declined

September 17, 2017 - By Stephen Andrade

Investors sentiment increased to 1.9 in Q4 2016. Its up 0.40, from 1.5 in 2016Q3. It improved, as 2 investors sold QCRH shares while 27 reduced holdings. 23 funds opened positions while 32 raised stakes. 7.46 million shares or 3.36% more from 7.22 million shares in 2016Q3 were reported. Tiaa Cref Inv Management Limited Liability Corporation reported 0% of its portfolio in QCR Holdings, Inc. (NASDAQ:QCRH). Northern has 148,625 shares for 0% of their portfolio. Blackrock Management Lc owns 50,535 shares for 0% of their portfolio. Rhumbline Advisers owns 11,929 shares. Howe Rusling Inc invested in 3,000 shares or 0.03% of the stock. 167,018 were accumulated by Dimensional Fund Advisors Lp. 35,254 are held by First Advsr L P. Us Fincl Bank De has invested 0% in QCR Holdings, Inc. (NASDAQ:QCRH). Millennium Management Limited Company has 0% invested in QCR Holdings, Inc. (NASDAQ:QCRH). Stifel Corp invested in 0.02% or 98,559 shares. Legal General Grp Public Limited Company owns 2,901 shares. United Fire Group Inc reported 113,181 shares. Jacobs Asset Mngmt Ltd Liability invested in 3.18% or 346,913 shares. Blackrock, United Kingdom-based fund reported 2,015 shares. Castine Cap Mngmt Limited Co accumulated 297,723 shares.

Castine Capital Management Llc decreased its stake in Qcr Holdings Inc (QCRH) by 41.23% based on its latest 2016Q4 regulatory filing with the SEC. Castine Capital Management Llc sold 208,896 shares as the company’s stock declined 4.12% while stock markets rallied. The institutional investor held 297,723 shares of the finance company at the end of 2016Q4, valued at $12.89 million, down from 506,619 at the end of the previous reported quarter. Castine Capital Management Llc who had been investing in Qcr Holdings Inc for a number of months, seems to be less bullish one the $566.79 million market cap company. The stock increased 0.58% or $0.25 on September 15, reaching $43. About 81,243 shares traded or 176.05% up from the average. QCR Holdings, Inc. (NASDAQ:QCRH) has risen 70.56% since September 17, 2016 and is uptrending. It has outperformed by 53.86% the S&P500.

Castine Capital Management Llc, which manages about $395.38 million and $239.43M US Long portfolio, upped its stake in Veritex Hldgs Inc by 215,000 shares to 394,863 shares, valued at $10.55 million in 2016Q4, according to the filing.

Analysts await QCR Holdings, Inc. (NASDAQ:QCRH) to report earnings on October, 26. They expect $0.68 earnings per share, up 47.83 % or $0.22 from last year’s $0.46 per share. QCRH’s profit will be $8.96M for 15.81 P/E if the $0.68 EPS becomes a reality. After $0.65 actual earnings per share reported by QCR Holdings, Inc. for the previous quarter, Wall Street now forecasts 4.62 % EPS growth.

More important recent QCR Holdings, Inc. (NASDAQ:QCRH) news were published by: Reuters.com which released: “BRIEF-QCR Holdings plans to acquire Guaranty Bank and Trust Company from …” on June 08, 2017, also Nasdaq.com published article titled: “QCR Holdings, Inc. (QCRH) Ex-Dividend Date Scheduled for September 14, 2017”, Streetinsider.com published: “Form 8-K QCR HOLDINGS INC For: Sep 14” on September 14, 2017. More interesting news about QCR Holdings, Inc. (NASDAQ:QCRH) was released by: Seekingalpha.com and their article: “QCR Holdings’ (QCRH) CEO Douglas Hultquist on Q1 2017 Results – Earnings Call …” with publication date: April 21, 2017.

QCR Holdings, Inc. (NASDAQ:QCRH) Ratings Coverage

Among 5 analysts covering QCR Holdings (NASDAQ:QCRH), 4 have Buy rating, 0 Sell and 1 Hold. Therefore 80% are positive. QCR Holdings has $5300 highest and $33 lowest target. $44.25’s average target is 2.91% above currents $43 stock price. QCR Holdings had 11 analyst reports since September 2, 2015 according to SRatingsIntel. The stock of QCR Holdings, Inc. (NASDAQ:QCRH) has “Overweight” rating given on Thursday, October 6 by Piper Jaffray. Maxim Group maintained QCR Holdings, Inc. (NASDAQ:QCRH) on Friday, May 27 with “Buy” rating. Maxim Group maintained the stock with “Buy” rating in Monday, December 19 report. The rating was maintained by Keefe Bruyette & Woods with “Buy” on Friday, June 9. The stock of QCR Holdings, Inc. (NASDAQ:QCRH) has “Buy” rating given on Friday, July 21 by Maxim Group. Maxim Group maintained it with “Buy” rating and $38 target in Monday, October 31 report. Maxim Group initiated QCR Holdings, Inc. (NASDAQ:QCRH) on Wednesday, April 20 with “Buy” rating. Keefe Bruyette & Woods maintained it with “Buy” rating and $5200 target in Friday, July 21 report. On Thursday, October 6 the stock rating was initiated by PiperJaffray with “Overweight”. On Thursday, June 15 the stock rating was maintained by Maxim Group with “Buy”.

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