D. E. Shaw & Co. Inc. Sells 5,562 Shares of QCR Holdings, Inc. (NASDAQ:QCRH)

D. E. Shaw & Co. Inc. lessened its holdings in shares of QCR Holdings, Inc. (NASDAQ:QCRH - Free Report) by 51.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,216 shares of the bank's stock after selling 5,562 shares during the quarter. D. E. Shaw & Co. Inc.'s holdings in QCR were worth $421,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the business. Deutsche Bank AG boosted its position in shares of QCR by 49.1% during 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 last quarter. Cubist Systematic Strategies LLC boosted its position in shares of QCR by 987.6% during the 4th quarter. Cubist Systematic Strategies LLC now owns 24,471 shares of the bank's stock valued at $1,973,000 after acquiring an additional 22,221 shares during the last quarter. Bridgeway Capital Management LLC boosted its position in shares of QCR by 41.0% during the 4th quarter. Bridgeway Capital Management LLC now owns 176,267 shares of the bank's stock valued at $14,214,000 after acquiring an additional 51,240 shares during the last quarter. Bank of America Corp DE boosted its position in shares of QCR by 72.8% during the 4th quarter. Bank of America Corp DE now owns 35,191 shares of the bank's stock valued at $2,838,000 after acquiring an additional 14,825 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV boosted its position in shares of QCR by 5.2% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 5,698 shares of the bank's stock valued at $460,000 after acquiring an additional 283 shares during the last quarter. Institutional investors own 70.01% of the company's stock.

QCR Stock Down 0.2%

QCR stock traded down $0.11 during mid-day trading on Friday, hitting $67.77. The company had a trading volume of 83,614 shares, compared to its average volume of 78,113. The company has a market capitalization of $1.15 billion, a PE ratio of 10.10 and a beta of 0.80. The company has a current ratio of 1.02, a quick ratio of 0.99 and a debt-to-equity ratio of 0.67. QCR Holdings, Inc. has a 12 month low of $54.75 and a 12 month high of $96.08. The stock's 50 day moving average price is $67.49 and its two-hundred day moving average price is $76.13.

QCR (NASDAQ:QCRH - Get Free Report) last posted its 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. QCR had a return on equity of 12.68% and a net margin of 19.06%. The company had revenue of $76.88 million for the quarter, compared to the consensus estimate of $94.01 million. During the same quarter in the prior year, the company earned $1.59 earnings per share. As a group, sell-side analysts anticipate that QCR Holdings, Inc. will post 6.82 earnings per share for the current fiscal year.

QCR Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 3rd. Shareholders of record on Wednesday, June 18th will be given a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 0.35%. The ex-dividend date of this dividend is Wednesday, June 18th. QCR's payout ratio is 3.61%.

Insiders Place Their Bets

In other QCR news, CEO Larry J. Helling bought 1,000 shares of the business's stock in a transaction that occurred on Monday, April 28th. The stock was purchased at an average price of $64.53 per share, for a total transaction of $64,530.00. Following the completion of the transaction, the chief executive officer now owns 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider James D. Klein sold 630 shares of the stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $73.40, for a total value of $46,242.00. Following the sale, the insider now owns 428 shares of the company's stock, valued at $31,415.20. This represents a 59.55% decrease in their position. The disclosure for this sale can be found here. Company insiders own 3.70% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Wall Street Zen upgraded QCR from a "sell" rating to a "hold" rating in a research report on Friday. Keefe, Bruyette & Woods decreased their price objective on QCR from $99.00 to $90.00 and set an "outperform" rating on the stock in a report on Thursday, April 24th. Raymond James set a $78.00 price objective on QCR and gave the company an "outperform" rating in a report on Thursday, April 24th. Finally, Piper Sandler decreased their price objective on QCR from $98.00 to $88.00 and set an "overweight" rating on the stock 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.