QCR Holdings, Inc. $QCRH Stock Position Increased by Raymond James Financial Inc.

Key Points

• Raymond James Financial Inc. increased its holdings in QCR Holdings by 24.8%, owning approximately $4.39 million worth of shares after acquiring additional stock in the first quarter.
• QCR Holdings recently announced a quarterly dividend of $0.06 per share, with a dividend yield of 0.3% and a payout ratio of 3.61%.
• The company reported a quarterly earnings per share (EPS) of $1.73, exceeding analysts' expectations, while also noting a net margin of 19.43% and forecasted EPS of 6.82 for the current fiscal year.

Raymond James Financial Inc. grew its position in shares of QCR Holdings, Inc. (NASDAQ:QCRH - Free Report) by 24.8% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 61,603 shares of the bank's stock after buying an additional 12,256 shares during the period. Raymond James Financial Inc. owned about 0.36% of QCR worth $4,394,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Deutsche Bank AG lifted its holdings in QCR by 49.1% during the 4th quarter. Deutsche Bank AG now owns 13,831 shares of the bank's stock worth $1,115,000 after buying an additional 4,553 shares during the last quarter. Vanguard Group Inc. lifted its holdings in QCR by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 952,780 shares of the bank's stock worth $67,952,000 after buying an additional 7,002 shares during the last quarter. Larson Financial Group LLC bought a new position in QCR during the 1st quarter worth approximately $363,000. Lazard Asset Management LLC lifted its holdings in shares of QCR by 3,042.1% in the 4th quarter. Lazard Asset Management LLC now owns 597 shares of the bank's stock worth $48,000 after purchasing an additional 578 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its holdings in shares of QCR by 3.6% in the 1st quarter. Principal Financial Group Inc. now owns 9,269 shares of the bank's stock worth $661,000 after purchasing an additional 323 shares during the last quarter. Institutional investors own 70.01% of the company's stock.

Insider Activity at QCR

In other news, CEO Laura L. Ekizian sold 333 shares of the business's stock in a transaction on Friday, September 5th. The stock was sold at an average price of $80.00, for a total value of $26,640.00. Following the sale, the chief executive officer owned 5,632 shares of the company's stock, valued at approximately $450,560. The trade was a 5.58% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 3.70% of the company's stock.

QCR Stock Performance

QCR stock traded up $0.49 during mid-day trading on Thursday, hitting $78.12. 69,783 shares of the company's stock traded hands, compared to its average volume of 81,784. The firm has a 50 day moving average price of $74.95 and a 200 day moving average price of $70.81. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.48. The company has a market cap of $1.32 billion, a PE ratio of 11.77 and a beta of 0.87. QCR Holdings, Inc. has a one year low of $60.83 and a one year high of $96.08.

QCR (NASDAQ:QCRH - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The bank reported $1.73 earnings per share for the quarter, beating the consensus estimate of $1.63 by $0.10. QCR had a return on equity of 11.71% and a net margin of 19.43%.The firm had revenue of $84.20 million for the quarter, compared to the consensus estimate of $95.11 million. On average, equities analysts forecast that QCR Holdings, Inc. will post 6.82 EPS for the current year.

QCR Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 3rd. Stockholders of record on Thursday, September 18th will be paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend is Thursday, September 18th. QCR's payout ratio is currently 3.61%.

Analysts Set New Price Targets

Several analysts recently issued reports on QCRH shares. Keefe, Bruyette & Woods reissued an "outperform" rating and issued a $92.00 price target (up previously from $90.00) on shares of QCR in a report on Friday, July 25th. Piper Sandler raised their price target on QCR from $88.00 to $92.50 and gave the stock an "overweight" rating in a report on Monday, July 28th. DA Davidson lifted their target price on QCR from $80.00 to $87.00 and gave the company a "buy" rating in a research note on Friday, July 25th. Finally, Wall Street Zen raised QCR from a "sell" rating to a "hold" rating in a research note on Saturday, July 26th. Four investment analysts have rated the stock with a Buy rating, According to MarketBeat, QCR currently has a consensus rating of "Buy" and a consensus target price of $87.38.

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.