Dynamic Technology Lab Private Ltd Sells 5,580 Shares of QCR Holdings, Inc. $QCRH

Key Points

• Dynamic Technology Lab Private Ltd reduced its stake in QCR Holdings, Inc. by 54.3% in the first quarter, selling 5,580 shares and holding 4,703 shares valued at $335,000.
• CEO Laura L. Ekizian sold 1,000 shares at $80.00 each, decreasing her ownership by 14.36%, leaving her with 5,965 shares valued at approximately $477,200.
• QCR Holdings reported quarterly earnings beating estimates, and several analysts upgraded their price targets, with a consensus price target of $87.38.

Dynamic Technology Lab Private Ltd reduced its position in QCR Holdings, Inc. (NASDAQ:QCRH - Free Report) by 54.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,703 shares of the bank's stock after selling 5,580 shares during the quarter. Dynamic Technology Lab Private Ltd's holdings in QCR were worth $335,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. 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 acquiring an additional 578 shares in the last quarter. New Age Alpha Advisors LLC bought a new stake in shares of QCR in the first quarter valued at about $46,000. B. Riley Wealth Advisors Inc. bought a new stake in shares of QCR in the fourth quarter valued at about $237,000. EntryPoint Capital LLC bought a new stake in shares of QCR in the first quarter valued at about $210,000. Finally, R Squared Ltd raised its holdings in shares of QCR by 309.3% in the first quarter. R Squared Ltd now owns 3,250 shares of the bank's stock valued at $232,000 after acquiring an additional 2,456 shares in the last quarter. 70.01% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CEO Laura L. Ekizian sold 1,000 shares of the company's stock in a transaction dated Tuesday, August 26th. The shares were sold at an average price of $80.00, for a total transaction of $80,000.00. Following the transaction, the chief executive officer owned 5,965 shares in the company, valued at $477,200. This represents a 14.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 3.70% of the stock is currently owned by company insiders.

QCR Stock Performance

Shares of QCR stock opened at $76.78 on Friday. The company has a market capitalization of $1.30 billion, a PE ratio of 11.56 and a beta of 0.87. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.98 and a current ratio of 0.98. The company has a 50-day simple moving average of $75.01 and a two-hundred day simple moving average of $70.82. QCR Holdings, Inc. has a one year low of $60.83 and a one year high of $96.08.

QCR (NASDAQ:QCRH - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The bank reported $1.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.63 by $0.10. QCR had a net margin of 19.43% and a return on equity of 11.71%. The firm had revenue of $84.20 million for the quarter, compared to the consensus estimate of $95.11 million. Research analysts expect that QCR Holdings, Inc. will post 6.82 EPS for the current fiscal year.

QCR Announces Dividend

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 dividend of $0.06 per share. The ex-dividend date is Thursday, September 18th. This represents a $0.24 annualized dividend and a dividend yield of 0.3%. QCR's dividend payout ratio is 3.61%.

Analysts Set New Price Targets

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

QCR 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.

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