Janus Henderson Group PLC Sells 3,915 Shares of QCR Holdings, Inc. (NASDAQ:QCRH)

Janus Henderson Group PLC cut its position in shares of QCR Holdings, Inc. (NASDAQ:QCRH - Free Report) by 26.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,944 shares of the bank's stock after selling 3,915 shares during the quarter. Janus Henderson Group PLC owned approximately 0.06% of QCR worth $882,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of QCRH. Farther Finance Advisors LLC purchased a new stake in QCR during the 4th quarter valued at about $35,000. R Squared Ltd purchased a new stake in QCR during the 4th quarter valued at about $64,000. LPL Financial LLC purchased a new stake in QCR during the 4th quarter valued at about $263,000. Aquatic Capital Management LLC boosted its holdings in QCR by 109.9% during the 4th quarter. Aquatic Capital Management LLC now owns 3,569 shares of the bank's stock valued at $288,000 after acquiring an additional 1,869 shares during the period. Finally, KLP Kapitalforvaltning AS purchased a new stake in QCR during the 4th quarter valued at about $307,000. 70.01% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at QCR

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

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on QCRH shares. Piper Sandler dropped their target price on QCR from $98.00 to $88.00 and set an "overweight" rating for the company in a report on Thursday, April 24th. Keefe, Bruyette & Woods dropped their price objective 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 stock an "outperform" rating in a report on Thursday, April 24th. Finally, Wall Street Zen cut QCR from a "hold" rating to a "sell" rating in a report on Thursday, May 22nd.

QCR Trading Up 0.0%

NASDAQ QCRH traded up $0.03 on Thursday, hitting $67.48. The company's stock had a trading volume of 6,024 shares, compared to its average volume of 77,278. QCR Holdings, Inc. has a 52-week low of $54.75 and a 52-week high of $96.08. 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 company's 50-day simple moving average is $67.71 and its 200 day simple moving average is $76.57. The firm has a market cap of $1.14 billion, a P/E ratio of 10.06 and a beta of 0.80.

QCR (NASDAQ:QCRH - Get Free Report) last released its quarterly earnings data 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. QCR had a return on equity of 12.68% and a net margin of 19.06%. The business had revenue of $76.88 million during the quarter, compared to analysts' expectations of $94.01 million. During the same quarter last year, the business posted $1.59 EPS. Research analysts predict that QCR Holdings, Inc. will post 6.82 EPS for the current fiscal year.

QCR Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 3rd. Stockholders of record on Wednesday, June 18th will be given a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.36%. The ex-dividend date is Wednesday, June 18th. QCR's dividend payout ratio is currently 3.61%.

QCR 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.