QCR Holdings, Inc. (NASDAQ:QCRH) Shares Acquired by First Trust Advisors LP

First Trust Advisors LP increased its holdings in shares of QCR Holdings, Inc. (NASDAQ:QCRH - Free Report) by 809.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 92,686 shares of the bank's stock after purchasing an additional 82,497 shares during the period. First Trust Advisors LP owned 0.55% of QCR worth $7,474,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of QCRH. 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 shares of QCR in the 4th quarter worth $64,000. LPL Financial LLC purchased a new stake in shares of QCR in the fourth quarter valued at about $263,000. KLP Kapitalforvaltning AS acquired a new position in shares of QCR during the fourth quarter worth about $307,000. Finally, Zacks Investment Management acquired a new stake in QCR in the fourth quarter valued at about $346,000. 70.01% of the stock is owned by hedge funds and other institutional investors.

QCR Price Performance

Shares of QCRH stock traded up $0.28 during trading hours on Monday, hitting $66.65. The company's stock had a trading volume of 9,103 shares, compared to its average volume of 74,440. 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 Holdings, Inc. has a twelve month low of $54.75 and a twelve month high of $96.08. The stock has a market cap of $1.13 billion, a price-to-earnings ratio of 9.94 and a beta of 0.80. The business has a fifty day moving average of $69.39 and a 200-day moving average of $78.12.

QCR (NASDAQ:QCRH - Get Free Report) last announced its earnings results on Tuesday, April 22nd. The bank reported $1.53 EPS for the quarter, beating analysts' consensus estimates 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 analysts' expectations of $94.01 million. During the same quarter in the prior year, the firm earned $1.59 EPS. As a group, equities research analysts anticipate that QCR Holdings, Inc. will post 6.82 EPS for the current year.

QCR Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Wednesday, March 19th were paid a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 0.36%. The ex-dividend date was Wednesday, March 19th. QCR's payout ratio is 3.61%.

Insider Buying and Selling at QCR

In other QCR news, CEO Larry J. Helling bought 1,000 shares of QCR stock in a transaction that occurred on Monday, April 28th. The shares were purchased at an average cost of $64.53 per share, for a total transaction of $64,530.00. Following the completion of the transaction, the chief executive officer now owns 40,264 shares of the company's stock, valued at $2,598,235.92. This represents a 2.55 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider James D. Klein sold 630 shares of the firm's stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $73.40, for a total value of $46,242.00. Following the completion of the sale, the insider now directly owns 428 shares in the company, valued at approximately $31,415.20. The trade was a 59.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.70% of the stock is owned by insiders.

Analyst Ratings Changes

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