Hsbc Holdings PLC Has $571,000 Stake in QCR Holdings, Inc. $QCRH

Key Points

• Hsbc Holdings PLC reduced its QCR Holdings stake by 66.2% in the second quarter, selling 11,522 shares and retaining 5,893 shares valued at approximately $571,000. Institutional investors and hedge funds collectively own 70.01% of QCRH.
• Analysts remain generally positive, with four Buy ratings and two Holds, producing a “Moderate Buy” consensus and an average price target of $108.75. QCRH recently traded at $102.64.
• QCR Holdings reported quarterly EPS of $2.19, beating estimates of $1.91, and increased its quarterly dividend from $0.10 to $0.15 per share, implying a 0.6% annualized yield.

Hsbc Holdings PLC cut its holdings in shares of QCR Holdings, Inc. (NASDAQ:QCRH - Free Report) by 66.2% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,893 shares of the bank's stock after selling 11,522 shares during the period. Hsbc Holdings PLC's holdings in QCR were worth $571,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in QCRH. Kennedy Capital Management LLC boosted its stake in shares of QCR by 9.7% during the 4th quarter. Kennedy Capital Management LLC now owns 762,068 shares of the bank's stock worth $63,480,000 after buying an additional 67,517 shares during the last quarter. Endeavour Capital Advisors Inc. boosted its stake in shares of QCR by 23.3% in the fourth quarter. Endeavour Capital Advisors Inc. now owns 328,497 shares of the bank's stock valued at $27,364,000 after buying an additional 62,032 shares during the period. Wellington Management Group LLP increased its position in shares of QCR by 18.4% in the second quarter. Wellington Management Group LLP now owns 284,295 shares of the bank's stock worth $27,676,000 after purchasing an additional 44,106 shares during the period. Rhino Investment Partners Inc increased its stake in QCR by 122.1% in the first quarter. Rhino Investment Partners Inc now owns 133,324 shares of the bank's stock valued at $11,393,000 after acquiring an additional 73,308 shares during the last quarter. Finally, Bank of New York Mellon Corp bought a new stake in shares of QCR during the 2nd quarter worth $7,300,000. 70.01% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

QCRH has been the topic of several analyst reports. Keefe, Bruyette & Woods boosted their price objective on shares of QCR from $105.00 to $108.00 and gave the stock an "outperform" rating in a research note on Friday, July 24th. Piper Sandler restated an "overweight" rating and issued a $123.00 target price (up from $107.00) on shares of QCR in a report on Monday, July 27th. DA Davidson upped their target price on QCR from $97.00 to $105.00 and gave the company a "neutral" rating in a report on Monday, July 27th. Finally, Weiss Ratings restated a "buy (b)" rating on shares of QCR in a research note on Monday, July 6th. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $108.75.

QCR Stock Up 0.1%

Shares of NASDAQ QCRH opened at $102.64 on Tuesday. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.57. The company has a market cap of $1.68 billion, a price-to-earnings ratio of 12.13 and a beta of 0.73. QCR Holdings, Inc. has a 52 week low of $66.65 and a 52 week high of $108.11. The firm's fifty day moving average is $101.14 and its 200 day moving average is $93.96.

QCR (NASDAQ:QCRH - Get Free Report) last released its quarterly earnings results on Wednesday, July 22nd. The bank reported $2.19 earnings per share for the quarter, beating the consensus estimate of $1.91 by $0.28. QCR had a return on equity of 12.87% and a net margin of 22.86%.The company had revenue of $97.34 million for the quarter, compared to analyst estimates of $104.10 million. On average, equities research analysts expect that QCR Holdings, Inc. will post 8.5 earnings per share for the current year.

QCR Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, October 5th. Investors of record on Friday, September 18th will be given a $0.15 dividend. This is an increase from QCR's previous quarterly dividend of $0.10. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date is Friday, September 18th. QCR's dividend payout ratio (DPR) is presently 4.73%.

QCR Company Profile

QCR Holdings, Inc NASDAQ: QCRH is a bank holding company headquartered in Moline, Illinois. Founded in 1993, the company operates through a network of community banking subsidiaries serving businesses, professionals, entrepreneurs and individuals across parts of Illinois, Iowa, Missouri and Wisconsin.

Its banking subsidiaries provide commercial and retail banking services, including business loans, commercial real estate financing, agricultural lending, residential mortgages, consumer loans and deposit accounts.

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