QCR Holdings, Inc. (NASDAQ:QCRH) Shares Sold by Wedge Capital Management L L P NC

Wedge Capital Management L L P NC cut its holdings in QCR Holdings, Inc. (NASDAQ:QCRH - Free Report) by 13.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 36,296 shares of the bank's stock after selling 5,583 shares during the period. Wedge Capital Management L L P NC owned 0.21% of QCR worth $2,589,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. Deutsche Bank AG increased its holdings in QCR by 49.1% in the 4th quarter. Deutsche Bank AG now owns 13,831 shares of the bank's stock valued at $1,115,000 after purchasing an additional 4,553 shares during the last quarter. Invesco Ltd. grew its stake in shares of QCR by 9.8% in the fourth quarter. Invesco Ltd. now owns 34,575 shares of the bank's stock valued at $2,788,000 after buying an additional 3,083 shares in the last quarter. Barclays PLC grew its stake in shares of QCR by 148.9% in the third quarter. Barclays PLC now owns 30,805 shares of the bank's stock valued at $2,281,000 after buying an additional 18,430 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in QCR by 6.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 145,990 shares of the bank's stock worth $11,773,000 after buying an additional 9,292 shares during the period. Finally, Lazard Asset Management LLC boosted its position 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 period. 70.01% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Piper Sandler cut their price objective on 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 cut their price target on QCR from $99.00 to $90.00 and set an "outperform" rating on the stock in a report on Thursday, April 24th. Wall Street Zen upgraded QCR from a "sell" rating to a "hold" rating in a research note on Friday, May 30th. Finally, Raymond James set a $78.00 price objective on QCR and gave the stock an "outperform" rating in a research report on Thursday, April 24th.

QCR Stock Down 1.0%

NASDAQ:QCRH traded down $0.65 during trading hours on Thursday, hitting $66.16. The company's stock had a trading volume of 24,751 shares, compared to its average volume of 78,481. 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 stock has a market capitalization of $1.12 billion, a P/E ratio of 9.86 and a beta of 0.81. The stock has a fifty day moving average of $66.89 and a 200-day moving average of $74.93.

QCR (NASDAQ:QCRH - Get Free Report) last posted its 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 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 quarter in the previous year, the business earned $1.59 earnings per share. On average, equities analysts forecast that QCR Holdings, Inc. will post 6.82 earnings per share for the current year.

QCR Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 3rd. Investors of record on Wednesday, June 18th will be given a $0.06 dividend. The ex-dividend date of this dividend is Wednesday, June 18th. This represents a $0.24 dividend on an annualized basis and a yield of 0.36%. QCR's dividend payout ratio (DPR) is presently 3.61%.

Insider Buying and Selling at QCR

In other news, CEO Larry J. Helling acquired 1,000 shares of the firm's stock in a transaction dated Monday, April 28th. The stock was acquired 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 owns 40,264 shares of the company's stock, valued at $2,598,235.92. The trade was a 2.55% increase in their ownership of the stock. The acquisition 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 business's 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 trade represents a 59.55% decrease in their position. The disclosure for this sale can be found here. 3.70% of the stock is currently owned by insiders.

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.