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

Several other large investors also recently made changes to their positions in QCRH. Millennium Management LLC increased its position in QCR by 124.5% in the 1st quarter. Millennium Management LLC now owns 98,583 shares of the bank's stock valued at $7,031,000 after buying an additional 54,678 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in QCR by 4.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,729 shares of the bank's stock valued at $694,000 after acquiring an additional 403 shares during the period. Boothbay Fund Management LLC increased its holdings in shares of QCR by 62.5% during the first quarter. Boothbay Fund Management LLC now owns 136,140 shares of the bank's stock valued at $9,710,000 after acquiring an additional 52,340 shares in the last quarter. AQR Capital Management LLC raised its position in shares of QCR by 20.7% during the first quarter. AQR Capital Management LLC now owns 38,470 shares of the bank's stock worth $2,744,000 after purchasing an additional 6,607 shares during the period. Finally, FJ Capital Management LLC raised its position in shares of QCR by 8.0% during the first quarter. FJ Capital Management LLC now owns 301,205 shares of the bank's stock worth $21,482,000 after purchasing an additional 22,233 shares during the period. 70.01% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CEO Laura L. Ekizian sold 333 shares of the business's stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $80.00, for a total value of $26,640.00. Following the sale, the chief executive officer directly owned 5,632 shares in the company, valued at approximately $450,560. The trade was a 5.58% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 3.70% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on QCRH. DA Davidson boosted their price target on shares of QCR from $80.00 to $87.00 and gave the company a "buy" rating in a research note on Friday, July 25th. Wall Street Zen upgraded shares of QCR from a "sell" rating to a "hold" rating in a report on Saturday, July 26th. Piper Sandler upped 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. Finally, Keefe, Bruyette & Woods reiterated an "outperform" rating and set a $92.00 price target (up previously from $90.00) on shares of QCR in a research note on Friday, July 25th. Four research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus price target of $87.38.

QCR Stock Performance

QCRH stock traded up $1.45 during mid-day trading on Thursday, hitting $79.25. The company had a trading volume of 138,371 shares, compared to its average volume of 82,891. 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 firm has a market cap of $1.34 billion, a PE ratio of 11.94 and a beta of 0.87. QCR Holdings, Inc. has a 12 month low of $60.83 and a 12 month high of $96.08. The stock's fifty day moving average price is $75.46 and its two-hundred day moving average price is $70.91.

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

QCR Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, October 3rd. Stockholders of record on Thursday, September 18th will be paid 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 presently 3.61%.

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.