Janus Henderson Group PLC Decreases Stock Holdings in QCR Holdings, Inc. (NASDAQ:QCRH)

Janus Henderson Group PLC lowered its position in QCR Holdings, Inc. (NASDAQ:QCRH - Free Report) by 26.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 10,944 shares of the bank's stock after selling 3,915 shares during the quarter. Janus Henderson Group PLC owned about 0.06% of QCR worth $882,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in QCRH. Farther Finance Advisors LLC purchased a new stake in shares of QCR in the 4th quarter valued at approximately $35,000. R Squared Ltd purchased a new position in shares of QCR in the fourth quarter valued at approximately $64,000. LPL Financial LLC acquired a new position in shares of QCR in the fourth quarter valued at approximately $263,000. Aquatic Capital Management LLC increased its stake in QCR by 109.9% during the 4th quarter. Aquatic Capital Management LLC now owns 3,569 shares of the bank's stock worth $288,000 after buying an additional 1,869 shares during the period. Finally, KLP Kapitalforvaltning AS acquired a new position in shares of QCR in the fourth quarter worth $307,000. Institutional investors and hedge funds own 70.01% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Wall Street Zen downgraded QCR from a "hold" rating to a "sell" rating in a report on Thursday, May 22nd. Piper Sandler dropped their price objective on shares of QCR from $98.00 to $88.00 and set an "overweight" rating on the stock in a research report on Thursday, April 24th. 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. Finally, Raymond James set a $78.00 price target on QCR and gave the company an "outperform" rating in a report on Thursday, April 24th.

QCR Stock Performance

NASDAQ QCRH traded up $0.43 during trading hours on Thursday, hitting $67.88. The company had a trading volume of 63,667 shares, compared to its average volume of 77,660. The business has a 50 day moving average of $67.71 and a 200-day moving average of $76.57. The company has a market cap of $1.15 billion, a PE ratio of 10.12 and a beta of 0.80. QCR Holdings, Inc. has a 1-year low of $54.75 and a 1-year high of $96.08. 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 (NASDAQ:QCRH - Get Free Report) last announced its earnings results on Tuesday, April 22nd. The bank reported $1.53 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.52 by $0.01. The firm had revenue of $76.88 million during the quarter, compared to analysts' expectations of $94.01 million. QCR had a return on equity of 12.68% and a net margin of 19.06%. During the same period in the prior year, the firm earned $1.59 EPS. As a group, equities research analysts expect that QCR Holdings, Inc. will post 6.82 EPS for the current year.

QCR Dividend Announcement

The firm 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 dividend of $0.06 per share. The ex-dividend date is Wednesday, June 18th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.35%. QCR's dividend payout ratio (DPR) is presently 3.61%.

Insider Transactions at QCR

In related news, CEO Larry J. Helling bought 1,000 shares of the company's stock in a transaction dated 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 acquisition, the chief executive officer now owns 40,264 shares in the company, valued at approximately $2,598,235.92. This trade represents a 2.55% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider James D. Klein sold 630 shares of the stock in a transaction 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 sale, the insider now directly 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. Insiders own 3.70% of the company's stock.

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.