Two Sigma Investments LP Sells 6,891 Shares of QCR Holdings, Inc. (NASDAQ:QCRH)

Two Sigma Investments LP lessened its stake in shares of QCR Holdings, Inc. (NASDAQ:QCRH - Free Report) by 22.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,310 shares of the bank's stock after selling 6,891 shares during the quarter. Two Sigma Investments LP owned about 0.14% of QCR worth $1,880,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Farther Finance Advisors LLC purchased a new stake in QCR in the 4th quarter valued at about $35,000. Lazard Asset Management LLC increased its stake in QCR by 3,042.1% in the 4th quarter. Lazard Asset Management LLC now owns 597 shares of the bank's stock valued at $48,000 after buying an additional 578 shares during the last quarter. LPL Financial LLC purchased a new stake in QCR in the 4th quarter valued at about $263,000. Aquatic Capital Management LLC increased its stake in QCR by 109.9% in the 4th quarter. Aquatic Capital Management LLC now owns 3,569 shares of the bank's stock valued at $288,000 after buying an additional 1,869 shares during the last quarter. Finally, KLP Kapitalforvaltning AS purchased a new stake in QCR in the 4th quarter valued at about $307,000. Institutional investors own 70.01% of the company's stock.

Insider Transactions at QCR

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

QCR Price Performance

NASDAQ:QCRH traded down $1.17 during trading hours on Wednesday, hitting $65.93. The stock had a trading volume of 70,762 shares, compared to its average volume of 78,160. The company has a 50 day simple moving average of $67.24 and a two-hundred day simple moving average of $75.80. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.02 and a quick ratio of 0.99. QCR Holdings, Inc. has a one year low of $54.75 and a one year high of $96.08. The firm has a market capitalization of $1.12 billion, a price-to-earnings ratio of 9.83 and a beta of 0.80.

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

QCR Announces Dividend

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

Analysts Set New Price Targets

Several equities research analysts have commented on QCRH shares. Keefe, Bruyette & Woods decreased their price objective on shares of QCR from $99.00 to $90.00 and set an "outperform" rating for the company in a research note on Thursday, April 24th. Raymond James set a $78.00 price target on shares of QCR and gave the stock an "outperform" rating in a research note on Thursday, April 24th. Piper Sandler cut their price objective on shares of QCR from $98.00 to $88.00 and set an "overweight" rating for the company in a report on Thursday, April 24th. Finally, Wall Street Zen raised shares of QCR from a "sell" rating to a "hold" rating in a report on Friday, May 30th.

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.