Wellington Management Group LLP Sells 11,549 Shares of QCR Holdings, Inc. (NASDAQ:QCRH)

Wellington Management Group LLP trimmed its stake in shares of QCR Holdings, Inc. (NASDAQ:QCRH - Free Report) by 4.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 241,903 shares of the bank's stock after selling 11,549 shares during the period. Wellington Management Group LLP owned about 1.43% of QCR worth $19,507,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. First Trust Advisors LP raised its stake in shares of QCR by 809.7% in the 4th 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 lifted its stake in QCR by 38.4% in the 4th quarter. Silvercrest Asset Management Group LLC now owns 195,092 shares of the bank's stock valued at $15,732,000 after acquiring an additional 54,161 shares in the last quarter. Bridgeway Capital Management LLC boosted its position 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 position in shares of QCR during the 4th quarter worth approximately $3,979,000. Finally, JPMorgan Chase & Co. grew its stake in shares of QCR by 10.3% during the 4th quarter. JPMorgan Chase & Co. now owns 465,282 shares of the bank's stock worth $37,520,000 after acquiring an additional 43,439 shares in the last quarter. 70.01% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Piper Sandler reduced their target price on shares of QCR from $98.00 to $88.00 and set an "overweight" rating for the company in a report on Thursday, April 24th. Wall Street Zen upgraded QCR from a "sell" rating to a "hold" rating in a report on Friday, May 30th. Keefe, Bruyette & Woods dropped their target price on QCR from $99.00 to $90.00 and set an "outperform" rating on the stock in a report on Thursday, April 24th. Finally, Raymond James set a $78.00 price target on QCR and gave the company an "outperform" rating in a research report on Thursday, April 24th.

Insider Buying and Selling at QCR

In other QCR news, CEO Larry J. Helling acquired 1,000 shares of the company's stock in a transaction on Monday, April 28th. The stock was acquired at an average price of $64.53 per share, for a total transaction of $64,530.00. Following the purchase, the chief executive officer now directly owns 40,264 shares of the company's stock, valued at $2,598,235.92. This trade represents a 2.55% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider James D. Klein sold 630 shares of the 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 transaction, the insider now owns 428 shares in the company, valued at approximately $31,415.20. The trade was 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.

QCR Stock Performance

Shares of QCR stock traded down $1.17 during trading on Wednesday, hitting $65.93. 70,762 shares of the stock were exchanged, compared to its average volume of 78,316. QCR Holdings, Inc. has a 1-year low of $54.75 and a 1-year high of $96.08. The stock has a market capitalization of $1.12 billion, a price-to-earnings ratio of 9.83 and a beta of 0.80. The company has a fifty day moving average price of $67.24 and a 200-day moving average price of $75.80. The company has a current ratio of 1.02, a quick ratio of 0.99 and a debt-to-equity ratio of 0.67.

QCR (NASDAQ:QCRH - Get Free Report) last released its quarterly earnings data 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. QCR had a return on equity of 12.68% and a net margin of 19.06%. The firm had revenue of $76.88 million for the quarter, compared to analyst estimates of $94.01 million. During the same quarter in the prior year, the company earned $1.59 earnings per share. As a group, equities analysts predict that QCR Holdings, Inc. will post 6.82 EPS for the current fiscal year.

QCR Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 3rd. Shareholders of record on Wednesday, June 18th will be given a dividend of $0.06 per share. The ex-dividend date of this dividend 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 (DPR) is 3.61%.

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.