QCR Holdings, Inc. $QCRH Shares Sold by Charles Schwab Investment Management Inc.

Key Points

• Charles Schwab Investment Management Inc. has reduced its stake in QCR Holdings by 6.6%, now owning approximately 0.81% of the company valued at $9.73 million.
• QCR Holdings reported earnings of $1.73 EPS for the last quarter, exceeding estimates, but its revenue was below analyst expectations at $84.20 million.
• QCR's upcoming dividend of $0.06 per share will be paid on October 3rd, with a yield of 0.3% and a payout ratio of 3.61%.

Charles Schwab Investment Management Inc. decreased its stake in QCR Holdings, Inc. (NASDAQ:QCRH - Free Report) by 6.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 136,380 shares of the bank's stock after selling 9,610 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.81% of QCR worth $9,727,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. First Trust Advisors LP boosted its position in QCR by 809.7% during the fourth quarter. First Trust Advisors LP now owns 92,686 shares of the bank's stock worth $7,474,000 after acquiring an additional 82,497 shares during the last quarter. Silvercrest Asset Management Group LLC boosted its position in QCR by 38.4% during the fourth quarter. Silvercrest Asset Management Group LLC now owns 195,092 shares of the bank's stock worth $15,732,000 after acquiring an additional 54,161 shares during the last quarter. Bridgeway Capital Management LLC boosted its position in QCR by 41.0% during the fourth quarter. Bridgeway Capital Management LLC now owns 176,267 shares of the bank's stock worth $14,214,000 after acquiring an additional 51,240 shares during the last quarter. Tudor Investment Corp ET AL boosted its position in QCR by 68.3% during the fourth quarter. Tudor Investment Corp ET AL now owns 57,613 shares of the bank's stock worth $4,646,000 after acquiring an additional 23,379 shares during the last quarter. Finally, Cubist Systematic Strategies LLC boosted its position in QCR by 987.6% during the fourth quarter. Cubist Systematic Strategies LLC now owns 24,471 shares of the bank's stock worth $1,973,000 after acquiring an additional 22,221 shares during the last quarter. Institutional investors and hedge funds own 70.01% of the company's stock.

QCR Trading Down 0.2%

NASDAQ:QCRH traded down $0.18 on Friday, hitting $78.38. The stock had a trading volume of 80,821 shares, compared to its average volume of 97,659. 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 stock has a market cap of $1.33 billion, a price-to-earnings ratio of 11.80 and a beta of 0.87. The company has a fifty day moving average price of $73.25 and a two-hundred day moving average price of $70.64. QCR Holdings, Inc. has a 1-year low of $60.83 and a 1-year high of $96.08.

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, beating the consensus estimate of $1.63 by $0.10. The company had revenue of $84.20 million for the quarter, compared to analyst estimates of $95.11 million. QCR had a net margin of 19.43% and a return on equity of 11.71%. Equities research analysts expect that QCR Holdings, Inc. will post 6.82 earnings per share for the current fiscal year.

QCR Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 3rd. Stockholders of record on Thursday, September 18th will be issued a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.3%. The ex-dividend date is Thursday, September 18th. QCR's dividend payout ratio is currently 3.61%.

Insider Activity at QCR

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

Analysts Set New Price Targets

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

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.