XTX Topco Ltd Invests $577,000 in QCR Holdings, Inc. (NASDAQ:QCRH)

XTX Topco Ltd bought a new stake in QCR Holdings, Inc. (NASDAQ:QCRH - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 8,090 shares of the bank's stock, valued at approximately $577,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Lazard Asset Management LLC grew its position in QCR by 3,042.1% during the fourth quarter. Lazard Asset Management LLC now owns 597 shares of the bank's stock worth $48,000 after buying an additional 578 shares in the last quarter. B. Riley Wealth Advisors Inc. acquired a new stake in QCR during the fourth quarter worth approximately $237,000. LPL Financial LLC acquired a new stake in QCR during the fourth quarter worth approximately $263,000. Hohimer Wealth Management LLC grew its position in QCR by 4.9% during the first quarter. Hohimer Wealth Management LLC now owns 3,489 shares of the bank's stock worth $249,000 after buying an additional 164 shares in the last quarter. Finally, Virtus Investment Advisers Inc. acquired a new stake in QCR during the fourth quarter worth approximately $282,000. Institutional investors and hedge funds own 70.01% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on QCRH. Keefe, Bruyette & Woods reissued 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. Wall Street Zen raised QCR from a "sell" rating to a "hold" rating in a report on Saturday, July 26th. Piper Sandler raised their target price on QCR from $88.00 to $92.50 and gave the company an "overweight" rating in a report on Monday, July 28th. DA Davidson raised their target price on QCR from $80.00 to $87.00 and gave the company a "buy" rating in a report on Friday, July 25th. Finally, Raymond James Financial set a $78.00 target price on QCR and gave the company an "outperform" rating in a report on Thursday, April 24th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $87.38.

QCR Price Performance

Shares of QCRH stock traded up $0.63 during trading hours on Friday, reaching $70.54. The company's stock had a trading volume of 88,441 shares, compared to its average volume of 123,194. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.42. 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 market capitalization of $1.19 billion, a price-to-earnings ratio of 10.62 and a beta of 0.83. The firm's 50 day simple moving average is $69.99 and its 200-day simple moving average is $70.83.

QCR (NASDAQ:QCRH - Get Free Report) last released its quarterly earnings data on Wednesday, July 23rd. The bank reported $1.73 earnings per share for the quarter, beating the consensus estimate of $1.63 by $0.10. QCR had a return on equity of 11.86% and a net margin of 19.43%. The company had revenue of $84.20 million for the quarter, compared to the consensus estimate of $95.11 million. Sell-side analysts forecast that QCR Holdings, Inc. will post 6.82 earnings per share for the current year.

QCR Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 3rd. Investors of record on Wednesday, June 18th were issued a dividend of $0.06 per share. The ex-dividend date of this dividend was Wednesday, June 18th. This represents a $0.24 annualized dividend and a dividend yield of 0.3%. QCR's dividend payout ratio (DPR) 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.