Larson Financial Group LLC Invests $363,000 in QCR Holdings, Inc. (NASDAQ:QCRH)

Larson Financial Group LLC purchased a new stake in shares of QCR Holdings, Inc. (NASDAQ:QCRH - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 5,089 shares of the bank's stock, valued at approximately $363,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Farther Finance Advisors LLC purchased a new position in shares of QCR in the fourth quarter valued at $35,000. Lazard Asset Management LLC lifted its position in shares of QCR by 3,042.1% during the fourth quarter. Lazard Asset Management LLC now owns 597 shares of the bank's stock worth $48,000 after purchasing an additional 578 shares during the last quarter. B. Riley Wealth Advisors Inc. bought a new stake in shares of QCR in the fourth quarter valued at about $237,000. LPL Financial LLC bought a new stake in shares of QCR in the fourth quarter valued at about $263,000. Finally, Hohimer Wealth Management LLC grew its stake in QCR by 4.9% in the first quarter. Hohimer Wealth Management LLC now owns 3,489 shares of the bank's stock valued at $249,000 after purchasing an additional 164 shares during the last quarter. Hedge funds and other institutional investors own 70.01% of the company's stock.

Insider Buying and Selling

In other QCR news, CEO Larry J. Helling bought 1,000 shares of the company's stock in a transaction that occurred on Monday, April 28th. The stock was purchased at an average cost of $64.53 per share, for a total transaction of $64,530.00. Following the completion of the purchase, the chief executive officer owned 40,264 shares of the company's stock, valued at $2,598,235.92. This trade represents a 2.55% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 3.70% of the company's stock.

QCR Stock Performance

QCRH traded up $0.13 during trading on Monday, hitting $75.27. 120,360 shares of the stock were exchanged, compared to its average volume of 83,148. The firm has a market capitalization of $1.27 billion, a P/E ratio of 10.78 and a beta of 0.80. QCR Holdings, Inc. has a 1-year low of $60.83 and a 1-year high of $96.08. The stock has a fifty day moving average price of $68.99 and a two-hundred day moving average price of $71.53. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.42.

QCR (NASDAQ:QCRH - Get Free Report) last posted its quarterly earnings results on Tuesday, April 22nd. The bank reported $1.53 earnings per share for the quarter, beating analysts' consensus estimates of $1.52 by $0.01. The firm had revenue of $76.88 million for the quarter, compared to the consensus estimate of $94.01 million. QCR had a return on equity of 12.03% and a net margin of 19.17%. During the same period in the previous year, the business earned $1.59 earnings per share. As a group, sell-side analysts predict that QCR Holdings, Inc. will post 6.82 earnings per share for the current year.

QCR Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, July 3rd. Stockholders of record on Wednesday, June 18th were issued a $0.06 dividend. The ex-dividend date was Wednesday, June 18th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.32%. QCR's dividend payout ratio (DPR) is 3.61%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on QCRH shares. Keefe, Bruyette & Woods dropped their price target on QCR from $99.00 to $90.00 and set an "outperform" rating on the stock in a research note on Thursday, April 24th. Wall Street Zen cut QCR from a "hold" rating to a "sell" rating in a research report on Saturday, June 28th. Raymond James Financial set a $78.00 target price on QCR and gave the company an "outperform" rating in a report on Thursday, April 24th. Finally, Piper Sandler lowered their price target on QCR from $98.00 to $88.00 and set an "overweight" rating for the company in a report on Thursday, April 24th.

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.