UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Acquires 11,959 Shares of QCR Holdings, Inc. (NASDAQ:QCRH)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of QCR Holdings, Inc. (NASDAQ:QCRH - Free Report) by 38.8% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 42,779 shares of the bank's stock after acquiring 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 reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. First Trust Advisors LP boosted its stake in shares of QCR by 809.7% during the fourth quarter. First Trust Advisors LP now owns 92,686 shares of the bank's stock valued at $7,474,000 after purchasing an additional 82,497 shares in the last quarter. Silvercrest Asset Management Group LLC boosted its position in QCR by 38.4% during the 4th quarter. Silvercrest Asset Management Group LLC now owns 195,092 shares of the bank's stock worth $15,732,000 after buying an additional 54,161 shares during the period. Bridgeway Capital Management LLC grew its holdings in QCR by 41.0% during the 4th quarter. Bridgeway Capital Management LLC now owns 176,267 shares of the bank's stock worth $14,214,000 after acquiring an additional 51,240 shares during the last quarter. Raymond James Financial Inc. bought a new stake in QCR during the 4th quarter worth approximately $3,979,000. Finally, JPMorgan Chase & Co. increased its position in QCR by 10.3% in the 4th quarter. JPMorgan Chase & Co. now owns 465,282 shares of the bank's stock valued at $37,520,000 after acquiring an additional 43,439 shares during the period. Institutional investors and hedge funds own 70.01% of the company's stock.

QCR Trading Up 1.9%

Shares of NASDAQ:QCRH traded up $1.26 during trading on Friday, reaching $66.90. The stock had a trading volume of 48,479 shares, compared to its average volume of 78,424. QCR Holdings, Inc. has a 52 week low of $54.75 and a 52 week high of $96.08. 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's fifty day moving average is $66.90 and its 200 day moving average is $75.21. The stock has a market cap of $1.13 billion, a price-to-earnings ratio of 9.97 and a beta of 0.81.

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

QCR Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 3rd. Stockholders of record on Wednesday, June 18th will be paid a $0.06 dividend. 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 3.61%.

Insider Activity

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

Wall Street Analyst Weigh In

A number of research firms recently weighed in on QCRH. Raymond James set a $78.00 price objective on QCR and gave the company an "outperform" rating in a report on Thursday, April 24th. Wall Street Zen upgraded QCR from a "sell" rating to a "hold" rating in a research report on Friday, May 30th. Piper Sandler decreased their price target on QCR from $98.00 to $88.00 and set an "overweight" rating for the company in a research note on Thursday, April 24th. Finally, Keefe, Bruyette & Woods lowered their price objective on QCR from $99.00 to $90.00 and set an "outperform" rating for the company in a research report on Thursday, April 24th.

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.