UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Increases Stock Position in QCR Holdings, Inc. (NASDAQ:QCRH)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in QCR Holdings, Inc. (NASDAQ:QCRH - Free Report) by 38.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 42,779 shares of the bank's stock after purchasing an additional 11,959 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.25% of QCR worth $3,450,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the business. Voloridge Investment Management LLC bought a new position in shares of QCR during the fourth quarter valued at $319,000. Virtus Investment Advisers Inc. bought a new stake in QCR in the fourth quarter valued at $282,000. Silvercrest Asset Management Group LLC grew its holdings in shares of QCR by 38.4% during the fourth quarter. Silvercrest Asset Management Group LLC now owns 195,092 shares of the bank's stock valued at $15,732,000 after buying an additional 54,161 shares during the last quarter. Point72 Asset Management L.P. grew its holdings in shares of QCR by 499.5% during the fourth quarter. Point72 Asset Management L.P. now owns 4,400 shares of the bank's stock valued at $355,000 after buying an additional 3,666 shares during the last quarter. Finally, ProShare Advisors LLC grew its holdings in shares of QCR by 49.1% during the fourth quarter. ProShare Advisors LLC now owns 4,615 shares of the bank's stock valued at $372,000 after buying an additional 1,519 shares during the last quarter. Institutional investors own 70.01% of the company's stock.

Insiders Place Their Bets

In related news, CEO Larry J. Helling purchased 1,000 shares of the business's stock in a transaction on Monday, April 28th. The stock was acquired at an average price of $64.53 per share, with a total value of $64,530.00. Following the purchase, the chief executive officer now directly owns 40,264 shares in the company, valued at approximately $2,598,235.92. This represents a 2.55% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider James D. Klein sold 630 shares of the business's stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $73.40, for a total transaction of $46,242.00. Following the completion of the transaction, 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 position. The disclosure for this sale can be found here. Corporate insiders own 3.70% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Raymond James set a $78.00 price target on shares of QCR and gave the stock an "outperform" rating in a report on Thursday, April 24th. Keefe, Bruyette & Woods lowered their price objective on shares of QCR from $99.00 to $90.00 and set an "outperform" rating on the stock in a research report on Thursday, April 24th. Piper Sandler lowered their price target 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. Finally, Wall Street Zen raised shares of QCR from a "sell" rating to a "hold" rating in a research report on Friday, May 30th.

QCR Price Performance

QCR stock traded up $1.26 during midday trading on Friday, reaching $66.90. 48,479 shares of the stock were exchanged, compared to its average volume of 78,424. The company's fifty day moving average is $66.90 and its 200-day moving average is $75.42. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.99 and a current ratio of 1.02. The firm has a market cap of $1.13 billion, a PE ratio of 9.97 and a beta of 0.80. QCR Holdings, Inc. has a 52 week low of $54.75 and a 52 week high of $96.08.

QCR (NASDAQ:QCRH - Get Free Report) last released its quarterly earnings results on Tuesday, April 22nd. The bank reported $1.53 EPS for the quarter, topping analysts' consensus estimates of $1.52 by $0.01. QCR had a net margin of 19.06% and a return on equity of 12.68%. The business had revenue of $76.88 million during the quarter, compared to analysts' expectations of $94.01 million. During the same quarter in the previous year, the company earned $1.59 EPS. On average, sell-side analysts forecast that QCR Holdings, Inc. will post 6.82 EPS for the current year.

QCR Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 3rd. Shareholders of record on Wednesday, June 18th will be paid a $0.06 dividend. The ex-dividend date 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 is presently 3.61%.

QCR 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.