QCR Holdings, Inc. (NASDAQ:QCRH) Shares Sold by Ameriprise Financial Inc.

Ameriprise Financial Inc. lessened its position in QCR Holdings, Inc. (NASDAQ:QCRH - Free Report) by 15.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 55,145 shares of the bank's stock after selling 10,420 shares during the quarter. Ameriprise Financial Inc. owned about 0.33% of QCR worth $4,447,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of QCRH. Farther Finance Advisors LLC acquired a new position in QCR during the fourth quarter worth $35,000. R Squared Ltd purchased a new position in QCR in the fourth quarter worth approximately $64,000. LPL Financial LLC purchased a new stake in QCR in the fourth quarter valued at $263,000. Aquatic Capital Management LLC grew its holdings in shares of QCR by 109.9% during the 4th quarter. Aquatic Capital Management LLC now owns 3,569 shares of the bank's stock worth $288,000 after purchasing an additional 1,869 shares during the period. Finally, KLP Kapitalforvaltning AS purchased a new stake in QCR in the 4th quarter valued at about $307,000. Hedge funds and other institutional investors own 70.01% of the company's stock.

Insider Buying and Selling

In other news, insider James D. Klein sold 630 shares of the company's 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 directly owns 428 shares of the company's stock, valued at approximately $31,415.20. This represents a 59.55% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Larry J. Helling purchased 1,000 shares of the company's stock in a transaction that occurred on Monday, April 28th. The stock was bought at an average price of $64.53 per share, for a total transaction of $64,530.00. Following the transaction, the chief executive officer now directly owns 40,264 shares in the company, valued at $2,598,235.92. This trade represents a 2.55% increase in their ownership of the stock. The disclosure for this purchase can be found here. 3.70% of the stock is currently owned by company insiders.

Analyst Ratings Changes

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

QCR Stock Down 0.3%

NASDAQ:QCRH traded down $0.22 during trading hours on Friday, hitting $67.67. The company's stock had a trading volume of 1,841 shares, compared to its average volume of 77,360. The stock has a market capitalization of $1.15 billion, a P/E ratio of 10.08 and a beta of 0.80. QCR Holdings, Inc. has a 52-week low of $54.75 and a 52-week high of $96.08. The company has a current ratio of 1.02, a quick ratio of 0.99 and a debt-to-equity ratio of 0.67. The stock has a fifty day moving average of $67.71 and a 200-day moving average of $76.57.

QCR (NASDAQ:QCRH - Get Free Report) last announced its quarterly earnings results on Tuesday, April 22nd. The bank reported $1.53 EPS 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 for the quarter, compared to analyst estimates of $94.01 million. During the same period last year, the business earned $1.59 EPS. On average, equities analysts forecast 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 Thursday, July 3rd. Investors of record on Wednesday, June 18th will be given a $0.06 dividend. The ex-dividend date of this dividend is Wednesday, June 18th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.35%. QCR's dividend payout ratio (DPR) is presently 3.61%.

QCR Company 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.