Goldman Sachs Group Inc. Has $4.98 Million Stock Holdings in QCR Holdings, Inc. $QCRH

Key Points

• Goldman Sachs reduced its position in QCR Holdings by 19%, holding 69,804 shares worth approximately $4.98 million after selling 16,421 shares in the first quarter.
• QCR Holdings has a quarterly dividend of $0.06 per share, with a yield of 0.3%, set to be paid on October 3rd.
• Equities analysts generally hold an optimistic view on QCR, with a current average price target of $87.38 and multiple upgrades in ratings from firms like Keefe, Bruyette & Woods.

Goldman Sachs Group Inc. decreased its holdings in shares of QCR Holdings, Inc. (NASDAQ:QCRH - Free Report) by 19.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 69,804 shares of the bank's stock after selling 16,421 shares during the quarter. Goldman Sachs Group Inc. owned approximately 0.41% of QCR worth $4,978,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Hohimer Wealth Management LLC raised its stake in QCR by 4.9% during the first quarter. Hohimer Wealth Management LLC now owns 3,489 shares of the bank's stock worth $249,000 after acquiring an additional 164 shares during the period. Principal Financial Group Inc. raised its stake in QCR by 3.6% during the first quarter. Principal Financial Group Inc. now owns 9,269 shares of the bank's stock worth $661,000 after acquiring an additional 323 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in QCR by 4.1% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,326 shares of the bank's stock worth $752,000 after acquiring an additional 365 shares during the period. Lazard Asset Management LLC raised its stake in QCR by 3,042.1% during the fourth quarter. Lazard Asset Management LLC now owns 597 shares of the bank's stock worth $48,000 after acquiring an additional 578 shares during the period. Finally, Nuveen Asset Management LLC raised its stake in QCR by 0.3% during the fourth quarter. Nuveen Asset Management LLC now owns 177,026 shares of the bank's stock worth $14,275,000 after acquiring an additional 609 shares during the period. Institutional investors and hedge funds own 70.01% of the company's stock.

QCR Trading Down 1.7%

QCR stock traded down $1.35 during midday trading on Friday, reaching $77.90. The stock had a trading volume of 232,336 shares, compared to its average volume of 86,706. The firm's fifty day simple moving average is $75.58 and its two-hundred day simple moving average is $70.95. QCR Holdings, Inc. has a twelve month low of $60.83 and a twelve month high of $96.08. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.98 and a quick ratio of 0.98. The firm has a market cap of $1.32 billion, a price-to-earnings ratio of 11.73 and a beta of 0.87.

QCR (NASDAQ:QCRH - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The bank reported $1.73 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.63 by $0.10. The company had revenue of $84.20 million during 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 analysts anticipate that QCR Holdings, Inc. will post 6.82 EPS for the current fiscal year.

QCR Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 3rd. Shareholders of record on Thursday, September 18th will be paid a dividend of $0.06 per share. The ex-dividend date of this dividend is Thursday, September 18th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.3%. QCR's dividend payout ratio (DPR) is 3.61%.

Insider Activity

In related news, CEO Laura L. Ekizian sold 333 shares of QCR stock in a transaction on Friday, September 5th. The shares were sold at an average price of $80.00, for a total value of $26,640.00. Following the completion of the sale, the chief executive officer owned 5,632 shares of the company's stock, valued at approximately $450,560. The trade was a 5.58% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 3.70% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages have commented on QCRH. Wall Street Zen upgraded shares of QCR from a "sell" rating to a "hold" rating in a research note on Saturday, July 26th. Keefe, Bruyette & Woods restated an "outperform" rating and issued a $92.00 price target (up previously from $90.00) on shares of QCR in a research note on Friday, July 25th. Piper Sandler raised their price target on shares of QCR from $88.00 to $92.50 and gave the company an "overweight" rating in a research note on Monday, July 28th. Finally, DA Davidson raised 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. Four investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus target price of $87.38.

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.