Royal Bank of Canada Raises Position in QCR Holdings, Inc. $QCRH

Key Points

• Royal Bank of Canada increased its stake in QCR Holdings, Inc. by 22.5% during the 1st quarter, owning around 0.85% of the company valued at approximately $10.31 million.
• CEO Laura L. Ekizian sold 1,000 shares of QCR stock, representing a 14.36% decrease in her ownership, now holding approximately $477,200 worth of shares.
• QCR Holdings recently declared a $0.06 quarterly dividend, with a dividend yield of 0.3% and a payout ratio of 3.61%.

Royal Bank of Canada lifted its position in shares of QCR Holdings, Inc. (NASDAQ:QCRH - Free Report) by 22.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 144,589 shares of the bank's stock after acquiring an additional 26,567 shares during the quarter. Royal Bank of Canada owned approximately 0.85% of QCR worth $10,312,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Deutsche Bank AG boosted its stake in shares of QCR by 49.1% during the fourth 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 in the last quarter. Raymond James Financial Inc. raised its holdings in QCR by 24.8% in the 1st quarter. Raymond James Financial Inc. now owns 61,603 shares of the bank's stock valued at $4,394,000 after buying an additional 12,256 shares during the last quarter. Vanguard Group Inc. raised its holdings in QCR by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 952,780 shares of the bank's stock valued at $67,952,000 after buying an additional 7,002 shares during the last quarter. Larson Financial Group LLC acquired a new stake in QCR during the 1st quarter worth approximately $363,000. Finally, Lazard Asset Management LLC grew its holdings in QCR by 3,042.1% during the 4th quarter. Lazard Asset Management LLC now owns 597 shares of the bank's stock worth $48,000 after acquiring an additional 578 shares during the last quarter. Institutional investors and hedge funds own 70.01% of the company's stock.

QCR Stock Up 0.6%

NASDAQ:QCRH traded up $0.49 during trading hours on Wednesday, reaching $77.80. The company had a trading volume of 124,343 shares, compared to its average volume of 79,378. QCR Holdings, Inc. has a twelve month low of $60.83 and a twelve month high of $96.08. 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 firm has a market cap of $1.32 billion, a price-to-earnings ratio of 11.72 and a beta of 0.87. The business's 50-day simple moving average is $75.33 and its two-hundred day simple moving average is $70.88.

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

QCR Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 3rd. Investors of record on Thursday, September 18th will be given a $0.06 dividend. The ex-dividend date of this dividend is Thursday, September 18th. This represents a $0.24 annualized dividend and a yield of 0.3%. QCR's dividend payout ratio (DPR) is presently 3.61%.

Insider Buying and Selling

In other QCR news, CEO Laura L. Ekizian sold 333 shares of the company's stock in a transaction on Friday, September 5th. The shares were sold at an average price of $80.00, for a total transaction of $26,640.00. Following the transaction, the chief executive officer owned 5,632 shares in the company, valued at approximately $450,560. This represents a 5.58% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 3.70% of the company's stock.

Analyst Upgrades and Downgrades

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

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.