D. E. Shaw & Co. Inc. Has $421,000 Stock Position in QCR Holdings, Inc. (NASDAQ:QCRH)

D. E. Shaw & Co. Inc. lessened its stake in QCR Holdings, Inc. (NASDAQ:QCRH - Free Report) by 51.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,216 shares of the bank's stock after selling 5,562 shares during the period. D. E. Shaw & Co. Inc.'s holdings in QCR were worth $421,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in QCRH. Janney Montgomery Scott LLC lifted its stake in QCR by 2.9% during the fourth quarter. Janney Montgomery Scott LLC now owns 5,016 shares of the bank's stock worth $404,000 after purchasing an additional 142 shares during the period. Rhumbline Advisers lifted its stake in QCR by 0.6% during the fourth quarter. Rhumbline Advisers now owns 26,061 shares of the bank's stock worth $2,102,000 after purchasing an additional 165 shares during the period. Mercer Global Advisors Inc. ADV lifted its stake in QCR by 5.2% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 5,698 shares of the bank's stock worth $460,000 after purchasing an additional 283 shares during the period. MetLife Investment Management LLC lifted its stake in QCR by 3.2% during the fourth quarter. MetLife Investment Management LLC now owns 9,957 shares of the bank's stock worth $803,000 after purchasing an additional 313 shares during the period. Finally, Farther Finance Advisors LLC bought a new position in QCR during the fourth quarter worth about $35,000. Institutional investors own 70.01% of the company's stock.

QCR Price Performance

Shares of NASDAQ:QCRH traded up $0.43 during trading on Thursday, reaching $67.88. The stock had a trading volume of 63,667 shares, compared to its average volume of 77,487. QCR Holdings, Inc. has a 52 week low of $54.75 and a 52 week high of $96.08. The business's 50-day moving average price is $67.71 and its 200 day moving average price is $76.57. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.02 and a quick ratio of 0.99. The stock has a market capitalization of $1.15 billion, a PE ratio of 10.12 and a beta of 0.80.

QCR (NASDAQ:QCRH - Get Free Report) last posted its quarterly earnings data on Tuesday, April 22nd. The bank reported $1.53 earnings per share 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 during the quarter, compared to analysts' expectations of $94.01 million. During the same quarter in the previous year, the company posted $1.59 EPS. As a group, equities analysts predict that QCR Holdings, Inc. will post 6.82 earnings per share for the current year.

QCR Announces Dividend

The business also recently disclosed 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. This represents a $0.24 annualized dividend and a yield of 0.35%. The ex-dividend date of this dividend is Wednesday, June 18th. QCR's dividend payout ratio (DPR) is presently 3.61%.

Insider Buying and Selling

In related news, insider James D. Klein sold 630 shares of the business's stock in a transaction that occurred on 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 transaction, the insider now owns 428 shares in the company, valued at $31,415.20. The trade was a 59.55% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Larry J. Helling acquired 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, with a total value 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. The trade was 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 corporate insiders.

Analyst Ratings Changes

A number of research analysts have commented on QCRH shares. Piper Sandler cut their price target on shares of QCR from $98.00 to $88.00 and set an "overweight" rating for the company in a research note on Thursday, April 24th. Wall Street Zen cut shares of QCR from a "hold" rating to a "sell" rating in a research note on Thursday, May 22nd. Raymond James set a $78.00 target price on shares of QCR and gave the company an "outperform" rating in a research note on Thursday, April 24th. Finally, Keefe, Bruyette & Woods cut their target price on shares of QCR from $99.00 to $90.00 and set an "outperform" rating for the company in a research note on Thursday, April 24th.

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.