Vanguard Group Inc. Grows Stock Position in QCR Holdings, Inc. $QCRH

Key Points

• Vanguard Group Inc. increased its stake in QCR Holdings, Inc. by 0.7% in Q1, now owning approximately 5.63% of the company, equivalent to 952,780 shares worth about $67.95 million.
• Several institutional investors significantly boosted their holdings in QCR during the fourth quarter, with First Trust Advisors LP increasing its stake by 809.7%.
• The company reported a quarterly earnings per share of $1.73, exceeding analysts' estimates, and announced a quarterly dividend of $0.06 per share with an annualized yield of 0.3%.

Vanguard Group Inc. grew its position in QCR Holdings, Inc. (NASDAQ:QCRH - Free Report) by 0.7% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 952,780 shares of the bank's stock after purchasing an additional 7,002 shares during the period. Vanguard Group Inc. owned approximately 5.63% of QCR worth $67,952,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of QCRH. First Trust Advisors LP increased its holdings in shares of QCR by 809.7% in 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 during the period. Silvercrest Asset Management Group LLC increased its holdings in shares of QCR by 38.4% in the fourth quarter. Silvercrest Asset Management Group LLC now owns 195,092 shares of the bank's stock valued at $15,732,000 after purchasing an additional 54,161 shares during the period. Bridgeway Capital Management LLC increased its holdings in shares of QCR by 41.0% in the fourth quarter. Bridgeway Capital Management LLC now owns 176,267 shares of the bank's stock valued at $14,214,000 after purchasing an additional 51,240 shares during the period. Raymond James Financial Inc. acquired a new position in shares of QCR in the fourth quarter valued at about $3,979,000. Finally, Tudor Investment Corp ET AL increased its holdings in shares of QCR by 68.3% in the fourth quarter. Tudor Investment Corp ET AL now owns 57,613 shares of the bank's stock valued at $4,646,000 after purchasing an additional 23,379 shares during the period. 70.01% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

QCRH has been the subject of a number of research reports. Keefe, Bruyette & Woods restated an "outperform" rating and set a $92.00 target price (up from $90.00) on shares of QCR in a research report on Friday, July 25th. DA Davidson boosted their price objective on QCR from $80.00 to $87.00 and gave the company a "buy" rating in a report on Friday, July 25th. Piper Sandler boosted their price objective on QCR from $88.00 to $92.50 and gave the company 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 report on Saturday, July 26th. Four equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has an average rating of "Buy" and a consensus price target of $87.38.

Insider Buying and Selling at QCR

In other news, CEO Laura L. Ekizian sold 1,000 shares of the firm's stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $80.00, for a total value of $80,000.00. Following the transaction, the chief executive officer owned 5,965 shares in the company, valued at $477,200. This trade represents a 14.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 3.70% of the stock is currently owned by company insiders.

QCR Price Performance

Shares of NASDAQ:QCRH traded down $0.18 during trading on Friday, reaching $78.38. 80,821 shares of the company's stock traded hands, compared to its average volume of 101,596. QCR Holdings, Inc. has a fifty-two week low of $60.83 and a fifty-two week 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 $1.33 billion, a PE ratio of 11.80 and a beta of 0.83. The company has a 50-day simple moving average of $73.25 and a 200-day simple moving average of $70.73.

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

QCR Announces Dividend

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

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.