3,952 Shares in QCR Holdings, Inc. (NASDAQ:QCRH) Acquired by Voloridge Investment Management LLC

Voloridge Investment Management LLC purchased a new position in shares of QCR Holdings, Inc. (NASDAQ:QCRH - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 3,952 shares of the bank's stock, valued at approximately $319,000.

A number of other institutional investors have also modified their holdings of QCRH. Deutsche Bank AG grew its holdings in QCR by 49.1% during the fourth quarter. Deutsche Bank AG now owns 13,831 shares of the bank's stock worth $1,115,000 after acquiring an additional 4,553 shares during the period. Invesco Ltd. boosted its position in QCR by 9.8% in the 4th quarter. Invesco Ltd. now owns 34,575 shares of the bank's stock worth $2,788,000 after purchasing an additional 3,083 shares in the last quarter. Barclays PLC grew its stake in shares of QCR by 148.9% during the 3rd quarter. Barclays PLC now owns 30,805 shares of the bank's stock worth $2,281,000 after purchasing an additional 18,430 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of QCR by 6.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 145,990 shares of the bank's stock valued at $11,773,000 after purchasing an additional 9,292 shares in the last quarter. Finally, New York State Common Retirement Fund lifted its stake in shares of QCR by 23.7% in the 4th quarter. New York State Common Retirement Fund now owns 19,339 shares of the bank's stock valued at $1,559,000 after purchasing an additional 3,700 shares during the period. Hedge funds and other institutional investors own 70.01% of the company's stock.

QCR Price Performance

NASDAQ QCRH traded down $0.11 on Friday, hitting $67.77. The company had a trading volume of 83,614 shares, compared to its average volume of 78,113. 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 company's fifty day moving average price is $67.49 and its 200-day moving average price is $76.13. The company has a market capitalization of $1.15 billion, a PE ratio of 10.10 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.

QCR (NASDAQ:QCRH - Get Free Report) last released its quarterly earnings results 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. QCR had a net margin of 19.06% and a return on equity of 12.68%. The firm had revenue of $76.88 million during the quarter, compared to the consensus estimate of $94.01 million. During the same quarter in the prior year, the firm earned $1.59 EPS. As a group, analysts predict that QCR Holdings, Inc. will post 6.82 earnings per share for the current year.

QCR Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 3rd. Stockholders of record on Wednesday, June 18th will be paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.35%. The ex-dividend date is Wednesday, June 18th. QCR's dividend payout ratio is presently 3.61%.

Analyst Upgrades and Downgrades

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

Insider Transactions at QCR

In other QCR news, insider James D. Klein sold 630 shares of the stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $73.40, for a total value of $46,242.00. Following the completion of the sale, the insider now owns 428 shares in the company, valued at approximately $31,415.20. This represents a 59.55% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Larry J. Helling bought 1,000 shares of the stock in a transaction dated Monday, April 28th. The shares were bought at an average price of $64.53 per share, for a total transaction of $64,530.00. Following the completion of the acquisition, the chief executive officer now owns 40,264 shares in the company, valued at approximately $2,598,235.92. The trade was 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.

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.