Voloridge Investment Management LLC Makes New Investment in QCR Holdings, Inc. (NASDAQ:QCRH)

Voloridge Investment Management LLC acquired a new stake in shares of QCR Holdings, Inc. (NASDAQ:QCRH - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 3,952 shares of the bank's stock, valued at approximately $319,000.

Other institutional investors have also added to or reduced their stakes in the company. Virtus Investment Advisers Inc. purchased a new stake in QCR during the fourth quarter worth $282,000. Silvercrest Asset Management Group LLC grew its position in shares of QCR by 38.4% in the fourth quarter. Silvercrest Asset Management Group LLC now owns 195,092 shares of the bank's stock valued at $15,732,000 after purchasing an additional 54,161 shares during the period. Point72 Asset Management L.P. raised its stake in QCR by 499.5% in the 4th quarter. Point72 Asset Management L.P. now owns 4,400 shares of the bank's stock valued at $355,000 after purchasing an additional 3,666 shares during the last quarter. ProShare Advisors LLC grew its position in shares of QCR by 49.1% in the fourth quarter. ProShare Advisors LLC now owns 4,615 shares of the bank's stock valued at $372,000 after purchasing an additional 1,519 shares in the last quarter. Finally, Nuveen Asset Management LLC boosted its holdings in QCR by 0.3% in the 4th quarter. Nuveen Asset Management LLC now owns 177,026 shares of the bank's stock valued at $14,275,000 after purchasing an additional 609 shares during the last quarter. Institutional investors own 70.01% of the company's stock.

Insiders Place Their Bets

In other QCR news, 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 value of $46,242.00. Following the transaction, the insider now directly owns 428 shares of the company's stock, valued at approximately $31,415.20. This trade represents a 59.55% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Larry J. Helling acquired 1,000 shares of the stock in a transaction dated Monday, April 28th. The shares were bought at an average cost of $64.53 per share, with a total value of $64,530.00. Following the transaction, the chief executive officer now directly owns 40,264 shares of the company's stock, 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. Corporate insiders own 3.70% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on QCRH shares. Raymond James set a $78.00 price target on shares of QCR and gave the company an "outperform" rating in a research report on Thursday, April 24th. Wall Street Zen upgraded QCR from a "sell" rating to a "hold" rating in a research report on Friday. Piper Sandler dropped their target price on shares of QCR from $98.00 to $88.00 and set an "overweight" rating for the company in a report on Thursday, April 24th. Finally, Keefe, Bruyette & Woods decreased their target price on shares of QCR from $99.00 to $90.00 and set an "outperform" rating on the stock in a research report on Thursday, April 24th.

QCR Stock Performance

Shares of NASDAQ QCRH traded up $0.58 during midday trading on Tuesday, hitting $67.10. 78,931 shares of the company's stock were exchanged, compared to its average volume of 78,190. QCR Holdings, Inc. has a twelve month low of $54.75 and a twelve month high of $96.08. The stock's 50 day moving average price is $67.24 and its 200-day moving average price is $75.80. 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 firm has a market cap of $1.14 billion, a P/E ratio of 10.00 and a beta of 0.80.

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

QCR Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 3rd. Stockholders of record on Wednesday, June 18th will be issued a dividend of $0.06 per share. The ex-dividend date is Wednesday, June 18th. This represents a $0.24 annualized dividend and a dividend yield of 0.36%. QCR's payout ratio is 3.61%.

About QCR

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.