AlphaQuest LLC Has $1.12 Million Holdings in QCR Holdings, Inc. $QCRH

Key Points

• AlphaQuest LLC increased its stake in QCR Holdings, Inc. by 58.7%, owning 15,698 shares valued at approximately $1.12 million as of the latest report.
• QCR Holdings recently reported earnings per share of $1.73, surpassing analysts' estimate of $1.63, while quarterly revenue stood at $84.20 million, falling short of the expected $95.11 million.
• The company announced a quarterly dividend of $0.06 per share, translating to an annualized dividend of $0.24 and a yield of 0.3%.

AlphaQuest LLC grew its holdings in QCR Holdings, Inc. (NASDAQ:QCRH - Free Report) by 58.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 15,698 shares of the bank's stock after purchasing an additional 5,805 shares during the quarter. AlphaQuest LLC owned approximately 0.09% of QCR worth $1,120,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Deutsche Bank AG raised its position in shares of QCR by 49.1% in the 4th quarter. Deutsche Bank AG now owns 13,831 shares of the bank's stock valued at $1,115,000 after acquiring an additional 4,553 shares during the period. Invesco Ltd. raised its holdings in shares of QCR by 9.8% in the fourth quarter. Invesco Ltd. now owns 34,575 shares of the bank's stock valued at $2,788,000 after purchasing an additional 3,083 shares during the last quarter. Larson Financial Group LLC acquired a new stake in shares of QCR in the first quarter valued at approximately $363,000. Lazard Asset Management LLC raised its holdings in shares of QCR by 3,042.1% in the fourth quarter. Lazard Asset Management LLC now owns 597 shares of the bank's stock valued at $48,000 after purchasing an additional 578 shares during the last quarter. Finally, Principal Financial Group Inc. raised its holdings in shares of QCR by 3.6% in the first quarter. Principal Financial Group Inc. now owns 9,269 shares of the bank's stock valued at $661,000 after purchasing an additional 323 shares during the last quarter. 70.01% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Keefe, Bruyette & Woods reissued an "outperform" rating and issued a $92.00 target price (up from $90.00) on shares of QCR in a research note on Friday, July 25th. Piper Sandler raised their target price on shares of QCR from $88.00 to $92.50 and gave the company an "overweight" rating in a research note on Monday, July 28th. DA Davidson raised their target price on shares of QCR from $80.00 to $87.00 and gave the company a "buy" rating in a research note on Friday, July 25th. Finally, Wall Street Zen raised shares of QCR from a "sell" rating to a "hold" rating in a research note on Saturday, July 26th. Four research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of $87.38.

Insider Buying and Selling at QCR

In other news, CEO Laura L. Ekizian sold 1,000 shares of QCR stock in a transaction on Tuesday, August 26th. The stock was sold at an average price of $80.00, for a total transaction of $80,000.00. Following the completion of the sale, the chief executive officer owned 5,965 shares of the company's stock, valued at approximately $477,200. This trade represents a 14.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 3.70% of the company's stock.

QCR Stock Performance

Shares of QCRH traded up $0.43 during midday trading on Friday, reaching $78.99. 12,662 shares of the stock were exchanged, compared to its average volume of 94,355. QCR Holdings, Inc. has a twelve month low of $60.83 and a twelve month high of $96.08. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.48. The company has a market cap of $1.34 billion, a P/E ratio of 11.90 and a beta of 0.83. The stock's 50 day simple moving average is $72.97 and its 200 day simple moving average is $70.72.

QCR (NASDAQ:QCRH - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The bank reported $1.73 earnings per share for the quarter, topping analysts' consensus estimates of $1.63 by $0.10. QCR had a return on equity of 11.71% and a net margin of 19.43%.The company had revenue of $84.20 million during the quarter, compared to the consensus estimate of $95.11 million. On average, sell-side analysts expect that QCR Holdings, Inc. will post 6.82 earnings per share for the current year.

QCR Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 3rd. Stockholders of record on Thursday, September 18th will be issued a dividend of $0.06 per share. The ex-dividend date of this dividend is Thursday, September 18th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.3%. QCR's dividend payout ratio (DPR) is currently 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.