QCR Holdings, Inc. (NASDAQ:QCRH) Shares Sold by Boothbay Fund Management LLC

Boothbay Fund Management LLC cut its stake in QCR Holdings, Inc. (NASDAQ:QCRH - Free Report) by 32.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 83,800 shares of the bank's stock after selling 40,313 shares during the period. Boothbay Fund Management LLC owned about 0.50% of QCR worth $6,758,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of QCRH. JPMorgan Chase & Co. grew its position in shares of QCR by 10.3% during the fourth quarter. JPMorgan Chase & Co. now owns 465,282 shares of the bank's stock worth $37,520,000 after buying an additional 43,439 shares in the last quarter. Geode Capital Management LLC increased its position in shares of QCR by 0.3% in the 4th quarter. Geode Capital Management LLC now owns 402,487 shares of the bank's stock valued at $32,464,000 after purchasing an additional 1,294 shares during the last quarter. American Century Companies Inc. raised its holdings in shares of QCR by 10.5% in the 4th quarter. American Century Companies Inc. now owns 387,702 shares of the bank's stock valued at $31,264,000 after purchasing an additional 36,930 shares in the last quarter. Schroder Investment Management Group raised its holdings in shares of QCR by 29.0% in the 4th quarter. Schroder Investment Management Group now owns 150,525 shares of the bank's stock valued at $12,141,000 after purchasing an additional 33,806 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of QCR by 6.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 145,990 shares of the bank's stock worth $11,773,000 after purchasing an additional 9,292 shares in the last quarter. 70.01% of the stock is owned by institutional investors and hedge funds.

QCR Stock Performance

NASDAQ:QCRH traded up $1.64 during mid-day trading on Friday, reaching $66.77. 51,703 shares of the stock were exchanged, compared to its average volume of 74,242. The company has a quick ratio of 0.99, a current ratio of 1.02 and a debt-to-equity ratio of 0.67. QCR Holdings, Inc. has a 1 year low of $54.75 and a 1 year high of $96.08. The company has a 50 day simple moving average of $69.57 and a 200-day simple moving average of $78.26. The stock has a market capitalization of $1.13 billion, a P/E ratio of 9.96 and a beta of 0.81.

QCR (NASDAQ:QCRH - Get Free Report) last posted its quarterly earnings data on Tuesday, April 22nd. The bank reported $1.53 EPS for the quarter, beating analysts' consensus estimates of $1.52 by $0.01. QCR had a net margin of 19.06% and a return on equity of 12.68%. The company had revenue of $76.88 million for the quarter, compared to analyst estimates of $94.01 million. During the same period in the previous year, the business posted $1.59 earnings per share. Analysts anticipate that QCR Holdings, Inc. will post 6.82 earnings per share for the current fiscal year.

QCR Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Wednesday, March 19th were given a $0.06 dividend. The ex-dividend date of this dividend was Wednesday, March 19th. This represents a $0.24 dividend on an annualized basis and a yield of 0.36%. QCR's dividend payout ratio (DPR) is 3.61%.

Insider Activity at QCR

In other news, insider James D. Klein sold 630 shares of the business's stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $73.40, for a total transaction of $46,242.00. Following the transaction, the insider now directly owns 428 shares in the company, valued at $31,415.20. The trade was a 59.55 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Larry J. Helling acquired 1,000 shares of QCR stock in a transaction that occurred on Monday, April 28th. The stock was purchased at an average price of $64.53 per share, with a total value of $64,530.00. Following the transaction, the chief executive officer now owns 40,264 shares of the company's stock, valued at $2,598,235.92. This trade represents a 2.55 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 3.70% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on QCRH. Raymond James set a $78.00 price target on QCR and gave the stock an "outperform" rating in a report on Thursday, April 24th. Piper Sandler decreased their target price on QCR from $98.00 to $88.00 and set an "overweight" rating for the company in a research note on Thursday, April 24th. Finally, Keefe, Bruyette & Woods dropped their price target on shares of QCR from $99.00 to $90.00 and set an "outperform" rating on the stock in a research note on Thursday, April 24th.

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.