Larson Financial Group LLC acquired a new position in shares of QCR Holdings, Inc. (NASDAQ:QCRH - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 5,089 shares of the bank's stock, valued at approximately $363,000.
Other hedge funds have also modified their holdings of the company. Hohimer Wealth Management LLC grew its stake in shares of QCR by 4.9% during the first quarter. Hohimer Wealth Management LLC now owns 3,489 shares of the bank's stock worth $249,000 after purchasing an additional 164 shares in the last quarter. Mercer Global Advisors Inc. ADV lifted its holdings in QCR by 5.2% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 5,698 shares of the bank's stock worth $460,000 after buying an additional 283 shares during the last quarter. MetLife Investment Management LLC lifted its holdings in QCR by 3.2% during the 4th quarter. MetLife Investment Management LLC now owns 9,957 shares of the bank's stock worth $803,000 after buying an additional 313 shares during the last quarter. Principal Financial Group Inc. boosted its position in shares of QCR by 3.6% during the 1st quarter. Principal Financial Group Inc. now owns 9,269 shares of the bank's stock worth $661,000 after acquiring an additional 323 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of QCR by 4.1% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,326 shares of the bank's stock valued at $752,000 after acquiring an additional 365 shares during the last quarter. 70.01% of the stock is currently owned by institutional investors and hedge funds.
Insiders Place Their Bets
In other QCR news, CEO Larry J. Helling bought 1,000 shares of the firm's stock in a transaction dated Monday, April 28th. The stock was acquired at an average price 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 approximately $2,598,235.92. This represents a 2.55% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 3.70% of the stock is currently owned by corporate insiders.
QCR Stock Performance
Shares of NASDAQ QCRH traded up $0.04 during trading hours on Friday, reaching $75.14. The stock had a trading volume of 127,572 shares, compared to its average volume of 83,387. The firm has a 50-day moving average of $68.99 and a 200-day moving average of $71.64. The firm has a market cap of $1.27 billion, a price-to-earnings ratio of 11.30 and a beta of 0.80. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.42. QCR Holdings, Inc. has a fifty-two week low of $60.83 and a fifty-two week 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 for the quarter, beating analysts' consensus estimates of $1.52 by $0.01. The company had revenue of $76.88 million during the quarter, compared to analysts' expectations of $94.01 million. QCR had a return on equity of 12.03% and a net margin of 19.17%. During the same quarter in the previous year, the business earned $1.59 earnings per share. Equities research analysts predict that QCR Holdings, Inc. will post 6.82 earnings per share for the current year.
QCR Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Thursday, July 3rd. Investors of record on Wednesday, June 18th were given a $0.06 dividend. The ex-dividend date of this dividend was Wednesday, June 18th. This represents a $0.24 annualized dividend and a yield of 0.32%. QCR's dividend payout ratio (DPR) is 3.61%.
Analyst Upgrades and Downgrades
QCRH has been the topic of several research analyst reports. Raymond James Financial set a $78.00 target price on QCR and gave the stock an "outperform" rating in a research report on Thursday, April 24th. Wall Street Zen downgraded shares of QCR from a "hold" rating to a "sell" rating in a research report on Saturday, June 28th. Piper Sandler lowered 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 cut their price target on shares of QCR from $99.00 to $90.00 and set an "outperform" rating on the stock in a research note on Thursday, April 24th.
Read Our Latest Analysis on QCRH
QCR Profile
(
Free Report)
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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