QCR Holdings, Inc. (NASDAQ:QCRH) Stock Position Raised by Silvercrest Asset Management Group LLC

Silvercrest Asset Management Group LLC lifted its stake in shares of QCR Holdings, Inc. (NASDAQ:QCRH - Free Report) by 38.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund 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 1.16% of QCR worth $15,732,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. First Trust Advisors LP boosted its stake in QCR by 809.7% during the fourth quarter. First Trust Advisors LP now owns 92,686 shares of the bank's stock worth $7,474,000 after buying an additional 82,497 shares during the period. Bridgeway Capital Management LLC lifted its holdings in QCR by 41.0% during the 4th quarter. Bridgeway Capital Management LLC now owns 176,267 shares of the bank's stock worth $14,214,000 after buying an additional 51,240 shares during the last quarter. Raymond James Financial Inc. purchased a new position in QCR in the fourth quarter valued at approximately $3,979,000. Assenagon Asset Management S.A. purchased a new position in shares of QCR in the 4th quarter valued at $3,755,000. Finally, JPMorgan Chase & Co. lifted its holdings in shares of QCR by 10.3% in the 4th quarter. JPMorgan Chase & Co. now owns 465,282 shares of the bank's stock valued at $37,520,000 after purchasing an additional 43,439 shares during the last quarter. Institutional investors and hedge funds own 70.01% of the company's stock.

Insider Buying and Selling at QCR

In related news, insider James D. Klein sold 630 shares of the stock in a transaction dated 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 in the company, valued at $31,415.20. This represents a 59.55% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Larry J. Helling bought 1,000 shares of the company's stock in a transaction that occurred on Monday, April 28th. The shares were purchased at an average cost of $64.53 per share, for a total transaction of $64,530.00. Following the acquisition, the chief executive officer now owns 40,264 shares of the company's stock, valued at $2,598,235.92. This represents a 2.55% increase in their ownership of the stock. The disclosure for this purchase can be found here. 3.70% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on QCRH. Keefe, Bruyette & Woods decreased their price target on QCR from $99.00 to $90.00 and set an "outperform" rating for the company in a report on Thursday, April 24th. Raymond James set a $78.00 price objective on QCR and gave the company an "outperform" rating in a research note on Thursday, April 24th. Finally, Piper Sandler cut their target price on shares of QCR from $98.00 to $88.00 and set an "overweight" rating for the company in a research report on Thursday, April 24th.

QCR Trading Down 2.9%

QCRH traded down $2.03 during trading on Wednesday, hitting $68.77. 84,650 shares of the company's stock were exchanged, compared to its average volume of 76,944. The company has a current ratio of 1.02, a quick ratio of 0.99 and a debt-to-equity ratio of 0.67. The firm has a market cap of $1.16 billion, a P/E ratio of 10.25 and a beta of 0.80. The stock has a 50 day moving average price of $68.25 and a 200 day moving average price of $77.18. 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 posted its earnings results on Tuesday, April 22nd. The bank reported $1.53 EPS for the quarter, topping analysts' consensus estimates of $1.52 by $0.01. The business had revenue of $76.88 million for 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 in the previous year, the company posted $1.59 earnings per share. As a group, analysts expect that QCR Holdings, Inc. will post 6.82 EPS for the current fiscal year.

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.