Virtus Advisers LLC Purchases Shares of 3,643 QCR Holdings, Inc. $QCRH

Key Points

• Virtus Advisers LLC has acquired a new stake in QCR Holdings, Inc. valued at approximately $260,000 by purchasing 3,643 shares as reported in their recent 13F filing.
• QCR Holdings, Inc. announced a quarterly dividend of $0.06 per share, to be paid on October 3rd, which reflects a 0.3% dividend yield.
• Analysts have shown a positive outlook for QCR with several upgrades, leading to an average rating of "Buy" and a consensus price target of $87.38.

Virtus Advisers LLC acquired a new stake in QCR Holdings, Inc. (NASDAQ:QCRH - Free Report) in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 3,643 shares of the bank's stock, valued at approximately $260,000.

Other institutional investors have also recently bought and sold shares of the company. Deutsche Bank AG grew its stake in QCR by 49.1% in the 4th 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 during the period. Invesco Ltd. lifted its position in shares of QCR by 9.8% during the 4th quarter. Invesco Ltd. now owns 34,575 shares of the bank's stock valued at $2,788,000 after buying an additional 3,083 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of QCR by 0.7% during 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 purchased a new position in shares of QCR during the 1st quarter valued at $363,000. Finally, Lazard Asset Management LLC lifted its position in shares of QCR by 3,042.1% during the 4th quarter. Lazard Asset Management LLC now owns 597 shares of the bank's stock valued at $48,000 after buying an additional 578 shares during the last quarter. Institutional investors own 70.01% of the company's stock.

Insider Transactions at QCR

In related news, CEO Laura L. Ekizian sold 1,000 shares of the stock in a transaction dated Tuesday, August 26th. The stock was sold at an average price of $80.00, for a total transaction of $80,000.00. Following the sale, the chief executive officer owned 5,965 shares of the company's stock, valued at approximately $477,200. This represents a 14.36% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 3.70% of the company's stock.

Analyst Ratings Changes

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

QCR Price Performance

QCRH traded down $0.18 during trading on Friday, reaching $78.38. 80,821 shares of the company were exchanged, compared to its average volume of 101,596. The company's 50-day moving average is $73.25 and its two-hundred day moving average is $70.69. The company has a market cap of $1.33 billion, a price-to-earnings ratio of 11.80 and a beta of 0.83. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.48. QCR Holdings, Inc. has a 12-month low of $60.83 and a 12-month high of $96.08.

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

QCR Announces Dividend

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