Cubist Systematic Strategies LLC Has $1.97 Million Position in QCR Holdings, Inc. (NASDAQ:QCRH)

Cubist Systematic Strategies LLC raised its position in shares of QCR Holdings, Inc. (NASDAQ:QCRH - Free Report) by 987.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,471 shares of the bank's stock after acquiring an additional 22,221 shares during the period. Cubist Systematic Strategies LLC owned approximately 0.15% of QCR worth $1,973,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. Janney Montgomery Scott LLC boosted its holdings in QCR by 2.9% during the fourth quarter. Janney Montgomery Scott LLC now owns 5,016 shares of the bank's stock valued at $404,000 after acquiring an additional 142 shares during the period. Rhumbline Advisers raised its position in shares of QCR by 0.6% during the fourth quarter. Rhumbline Advisers now owns 26,061 shares of the bank's stock valued at $2,102,000 after buying an additional 165 shares during the last quarter. Mercer Global Advisors Inc. ADV raised its position in shares of QCR by 5.2% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 5,698 shares of the bank's stock valued at $460,000 after buying an additional 283 shares during the last quarter. MetLife Investment Management LLC raised its position in shares of QCR by 3.2% during the fourth quarter. MetLife Investment Management LLC now owns 9,957 shares of the bank's stock valued at $803,000 after buying an additional 313 shares during the last quarter. Finally, Farther Finance Advisors LLC acquired a new position in shares of QCR during the fourth quarter valued at about $35,000. 70.01% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

QCRH has been the subject of a number of research analyst reports. Piper Sandler cut their price objective on shares of QCR from $98.00 to $88.00 and set an "overweight" rating for the company in a research report on Thursday, April 24th. Raymond James set a $78.00 price target on shares of QCR and gave the stock an "outperform" rating in a research report 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 for the company in a research report on Thursday, April 24th.

Insider Buying and Selling at QCR

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

QCR Price Performance

QCR stock traded up $0.25 during trading hours on Friday, hitting $70.71. 119,614 shares of the stock were exchanged, compared to its average volume of 76,736. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.99 and a current ratio of 1.02. The stock has a market capitalization of $1.20 billion, a P/E ratio of 10.54 and a beta of 0.80. QCR Holdings, Inc. has a 12 month low of $54.75 and a 12 month high of $96.08. The business's 50-day moving average is $68.41 and its two-hundred day moving average is $77.35.

QCR (NASDAQ:QCRH - Get Free Report) last issued its quarterly earnings data on Tuesday, April 22nd. The bank reported $1.53 earnings per share for the quarter, topping the consensus estimate of $1.52 by $0.01. The firm had revenue of $76.88 million for the quarter, compared to analysts' expectations of $94.01 million. QCR had a net margin of 19.06% and a return on equity of 12.68%. During the same period in the prior year, the firm earned $1.59 earnings per share. Equities research analysts expect that QCR Holdings, Inc. will post 6.82 EPS for the current fiscal year.

QCR Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Wednesday, March 19th were issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.34%. The ex-dividend date of this dividend was Wednesday, March 19th. QCR's dividend payout ratio is currently 3.61%.

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.