Cubist Systematic Strategies LLC Buys 22,221 Shares of QCR Holdings, Inc. (NASDAQ:QCRH)

Cubist Systematic Strategies LLC grew its stake in shares of QCR Holdings, Inc. (NASDAQ:QCRH - Free Report) by 987.6% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 24,471 shares of the bank's stock after acquiring an additional 22,221 shares during the period. Cubist Systematic Strategies LLC owned about 0.15% of QCR worth $1,973,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of QCRH. Bridgeway Capital Management LLC lifted its stake in QCR by 41.0% in the fourth quarter. Bridgeway Capital Management LLC now owns 176,267 shares of the bank's stock worth $14,214,000 after acquiring an additional 51,240 shares during the period. Bank of America Corp DE lifted its stake in QCR by 72.8% in the fourth quarter. Bank of America Corp DE now owns 35,191 shares of the bank's stock worth $2,838,000 after acquiring an additional 14,825 shares during the period. Mercer Global Advisors Inc. ADV lifted its stake in QCR by 5.2% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 5,698 shares of the bank's stock worth $460,000 after acquiring an additional 283 shares during the period. Northern Trust Corp lifted its stake in QCR by 4.2% in the fourth quarter. Northern Trust Corp now owns 153,658 shares of the bank's stock worth $12,391,000 after acquiring an additional 6,191 shares during the period. Finally, Tudor Investment Corp ET AL lifted its stake in QCR by 68.3% in the fourth quarter. Tudor Investment Corp ET AL now owns 57,613 shares of the bank's stock worth $4,646,000 after acquiring an additional 23,379 shares during the period. Institutional investors own 70.01% of the company's stock.

Insider Transactions at QCR

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

Wall Street Analyst Weigh In

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

QCR Stock Down 0.3%

Shares of NASDAQ QCRH opened at $67.16 on Monday. The company has a current ratio of 1.02, a quick ratio of 0.99 and a debt-to-equity ratio of 0.67. The stock has a market capitalization of $1.14 billion, a PE ratio of 10.01 and a beta of 0.80. The stock's fifty day simple moving average is $68.58 and its two-hundred day simple moving average is $77.69. QCR Holdings, Inc. has a 12-month low of $54.75 and a 12-month high of $96.08.

QCR (NASDAQ:QCRH - Get Free Report) last issued its quarterly earnings data on Tuesday, April 22nd. The bank reported $1.53 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $76.88 million for the quarter, compared to the consensus estimate of $94.01 million. During the same quarter in the previous year, the firm earned $1.59 EPS. As a group, analysts expect that QCR Holdings, Inc. will post 6.82 EPS for the current fiscal year.

QCR Dividend Announcement

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

QCR 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.

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