Silvercrest Asset Management Group LLC Has $15.73 Million Holdings in QCR Holdings, Inc. (NASDAQ:QCRH)

Silvercrest Asset Management Group LLC raised its position in QCR Holdings, Inc. (NASDAQ:QCRH - Free Report) by 38.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 195,092 shares of the bank's stock after purchasing an additional 54,161 shares during the period. Silvercrest Asset Management Group LLC owned approximately 1.16% of QCR worth $15,732,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of QCRH. Invesco Ltd. lifted its holdings in QCR by 9.8% during the fourth quarter. Invesco Ltd. now owns 34,575 shares of the bank's stock worth $2,788,000 after acquiring an additional 3,083 shares in the last quarter. Barclays PLC raised its position in shares of QCR by 148.9% during the third quarter. Barclays PLC now owns 30,805 shares of the bank's stock worth $2,281,000 after purchasing an additional 18,430 shares during the period. Assenagon Asset Management S.A. bought a new position in shares of QCR during the 4th quarter valued at about $3,755,000. Charles Schwab Investment Management Inc. grew its position in shares of QCR by 6.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 145,990 shares of the bank's stock valued at $11,773,000 after purchasing an additional 9,292 shares during the period. Finally, New York State Common Retirement Fund grew its position in shares of QCR by 23.7% in the 4th quarter. New York State Common Retirement Fund now owns 19,339 shares of the bank's stock valued at $1,559,000 after purchasing an additional 3,700 shares during the period. Institutional investors own 70.01% of the company's stock.

Insider Activity at QCR

In related news, CEO Larry J. Helling bought 1,000 shares of the stock in a transaction that occurred on Monday, April 28th. The shares were acquired at an average price of $64.53 per share, with a total value of $64,530.00. Following the completion of the transaction, the chief executive officer now owns 40,264 shares in the company, valued at $2,598,235.92. The trade was a 2.55% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider James D. Klein sold 630 shares of the firm's stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $73.40, for a total value of $46,242.00. Following the completion of the transaction, the insider now owns 428 shares of the company's stock, valued at approximately $31,415.20. This represents a 59.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.70% of the stock is owned by insiders.

Analysts Set New Price Targets

Several analysts have commented on the stock. Raymond James set a $78.00 target price on shares of QCR and gave the stock an "outperform" rating in a report on Thursday, April 24th. Wall Street Zen lowered shares of QCR from a "hold" rating to a "sell" rating in a report on Thursday. Keefe, Bruyette & Woods cut their price objective on shares of QCR from $99.00 to $90.00 and set an "outperform" rating on the stock in a research report on Thursday, April 24th. Finally, Piper Sandler reduced their target price on shares of QCR from $98.00 to $88.00 and set an "overweight" rating for the company in a research note on Thursday, April 24th.

QCR Stock Down 1.1%

QCR stock traded down $0.73 during midday trading on Friday, reaching $67.47. The stock had a trading volume of 12,771 shares, compared to its average volume of 76,907. The stock has a market capitalization of $1.14 billion, a P/E ratio of 10.06 and a beta of 0.80. The firm's fifty day simple moving average is $68.13 and its 200-day simple moving average is $77.10. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.99 and a current ratio of 1.02. QCR Holdings, Inc. has a 1-year low of $54.75 and a 1-year high of $96.08.

QCR (NASDAQ:QCRH - Get Free Report) last issued its quarterly earnings results on Tuesday, April 22nd. The bank reported $1.53 earnings per share for the quarter, topping the consensus estimate of $1.52 by $0.01. The company had revenue of $76.88 million during the quarter, compared to analysts' expectations of $94.01 million. QCR had a net margin of 19.06% and a return on equity of 12.68%. During the same period last year, the business earned $1.59 EPS. As a group, analysts expect that QCR Holdings, Inc. will post 6.82 EPS for the current fiscal year.

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.