Goldman Sachs Group Inc. Decreases Position in QCR Holdings, Inc. $QCRH

Goldman Sachs Group Inc. decreased its holdings in shares of QCR Holdings, Inc. (NASDAQ:QCRH - Free Report) by 19.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund 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.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Strs Ohio purchased a new stake in QCR in the first quarter valued at approximately $642,000. Jane Street Group LLC lifted its stake in QCR by 106.5% in the first quarter. Jane Street Group LLC now owns 30,052 shares of the bank's stock valued at $2,143,000 after buying an additional 15,501 shares during the last quarter. Empowered Funds LLC lifted its stake in QCR by 2.0% in the first quarter. Empowered Funds LLC now owns 68,631 shares of the bank's stock valued at $4,895,000 after buying an additional 1,364 shares during the last quarter. Dean Capital Management lifted its stake in QCR by 13.5% in the first quarter. Dean Capital Management now owns 32,050 shares of the bank's stock valued at $2,286,000 after buying an additional 3,808 shares during the last quarter. Finally, Millennium Management LLC lifted its stake in QCR by 124.5% in the first 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 during the last quarter. Hedge funds and other institutional investors own 70.01% of the company's stock.

QCR Trading Down 1.4%

Shares of QCRH stock opened at $77.31 on Wednesday. The business's fifty day moving average price is $75.23 and its 200 day moving average price is $70.83. QCR Holdings, Inc. has a 1-year low of $60.83 and a 1-year high of $96.08. The firm has a market capitalization of $1.31 billion, a PE ratio of 11.64 and a beta of 0.87. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.98 and a quick ratio of 0.98.

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

QCR Announces Dividend

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

Analysts Set New Price Targets

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

Insiders Place Their Bets

In other QCR news, CEO Laura L. Ekizian sold 1,000 shares of the company's stock in a transaction on Tuesday, August 26th. The stock was sold at an average price of $80.00, for a total value of $80,000.00. Following the sale, the chief executive officer owned 5,965 shares of the company's stock, valued at approximately $477,200. This represents a 14.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 3.70% of the stock is owned by corporate insiders.

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.

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