First Trust Advisors LP Acquires 82,497 Shares of QCR Holdings, Inc. (NASDAQ:QCRH)

First Trust Advisors LP raised its stake in QCR Holdings, Inc. (NASDAQ:QCRH - Free Report) by 809.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 92,686 shares of the bank's stock after buying an additional 82,497 shares during the period. First Trust Advisors LP owned approximately 0.55% of QCR worth $7,474,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Farther Finance Advisors LLC acquired a new stake in shares of QCR during the fourth quarter worth $35,000. R Squared Ltd acquired a new stake in QCR during the 4th quarter worth about $64,000. LPL Financial LLC purchased a new stake in QCR during the fourth quarter valued at about $263,000. KLP Kapitalforvaltning AS acquired a new position in shares of QCR in the fourth quarter worth about $307,000. Finally, Zacks Investment Management purchased a new position in shares of QCR in the fourth quarter worth approximately $346,000. Institutional investors and hedge funds own 70.01% of the company's stock.

Insider Activity

In other QCR news, insider James D. Klein sold 630 shares of the company's 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 completion of the sale, the insider now owns 428 shares of the company's stock, valued at $31,415.20. This represents a 59.55 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Larry J. Helling purchased 1,000 shares of the company's stock in a transaction dated Monday, April 28th. The stock was purchased at an average cost of $64.53 per share, for a total transaction of $64,530.00. Following the transaction, the chief executive officer now owns 40,264 shares of the company's stock, valued at approximately $2,598,235.92. This trade 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 insiders.

QCR Stock Up 1.9 %

QCR stock traded up $1.24 during trading hours on Friday, hitting $66.37. The company had a trading volume of 121,113 shares, compared to its average volume of 74,537. QCR Holdings, Inc. has a fifty-two week low of $54.75 and a fifty-two week high of $96.08. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.02 and a quick ratio of 0.99. The firm has a market capitalization of $1.12 billion, a P/E ratio of 9.89 and a beta of 0.81. The firm's fifty day moving average is $69.39 and its 200-day moving average is $78.17.

QCR (NASDAQ:QCRH - Get Free Report) last posted its quarterly earnings results on Tuesday, April 22nd. The bank reported $1.53 earnings per share for the quarter, topping analysts' consensus estimates of $1.52 by $0.01. The company had revenue of $76.88 million during the quarter, compared to the consensus estimate of $94.01 million. QCR had a return on equity of 12.68% and a net margin of 19.06%. During the same period last year, the business earned $1.59 EPS. On average, research analysts forecast that QCR Holdings, Inc. will post 6.82 earnings per share for the current year.

QCR Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 3rd. Stockholders of record on Wednesday, March 19th were issued a dividend of $0.06 per share. The ex-dividend date of this dividend was Wednesday, March 19th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.36%. QCR's dividend payout ratio is currently 3.61%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on QCRH shares. Piper Sandler decreased their price objective on shares of QCR from $98.00 to $88.00 and set an "overweight" rating for the company in a research note on Thursday, April 24th. Keefe, Bruyette & Woods decreased their target price on QCR from $99.00 to $90.00 and set an "outperform" rating for the company in a research report on Thursday, April 24th. Finally, Raymond James set a $78.00 price objective on QCR and gave the stock an "outperform" rating in a research note 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.