FJ Capital Management LLC Sells 56,402 Shares of QCR Holdings, Inc. (NASDAQ:QCRH)

FJ Capital Management LLC lessened its position in shares of QCR Holdings, Inc. (NASDAQ:QCRH - Free Report) by 16.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 278,972 shares of the bank's stock after selling 56,402 shares during the quarter. QCR comprises about 2.6% of FJ Capital Management LLC's investment portfolio, making the stock its 12th largest position. FJ Capital Management LLC owned approximately 1.65% of QCR worth $22,496,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Invesco Ltd. increased its position in QCR by 9.8% in 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 in the last quarter. Barclays PLC increased its position in shares of QCR by 148.9% during the 3rd quarter. Barclays PLC now owns 30,805 shares of the bank's stock valued at $2,281,000 after purchasing an additional 18,430 shares during the last quarter. Assenagon Asset Management S.A. bought a new position in QCR in the fourth quarter worth approximately $3,755,000. Charles Schwab Investment Management Inc. raised its position in QCR by 6.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 145,990 shares of the bank's stock valued at $11,773,000 after acquiring an additional 9,292 shares in the last quarter. Finally, New York State Common Retirement Fund boosted its holdings in QCR by 23.7% in the 4th quarter. New York State Common Retirement Fund now owns 19,339 shares of the bank's stock valued at $1,559,000 after purchasing an additional 3,700 shares during the last quarter. 70.01% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at QCR

In other news, CEO Larry J. Helling purchased 1,000 shares of the company's stock in a transaction on Monday, April 28th. The stock was acquired 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 directly owns 40,264 shares in the company, valued at $2,598,235.92. This trade represents a 2.55% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider James D. Klein sold 630 shares of QCR 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 sale, the insider now directly owns 428 shares of the company's stock, valued at approximately $31,415.20. This represents a 59.55% decrease in their position. The disclosure for this sale can be found here. Company insiders own 3.70% of the company's stock.

QCR Stock Down 1.6%

Shares of QCRH traded down $1.14 during trading hours on Wednesday, hitting $69.68. The company had a trading volume of 32,005 shares, compared to its average volume of 87,352. 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 one year low of $54.75 and a one year high of $96.08. The company has a market capitalization of $1.18 billion, a PE ratio of 10.38 and a beta of 0.80. The company's fifty day moving average price is $68.50 and its two-hundred day moving average price is $77.58.

QCR (NASDAQ:QCRH - Get Free Report) last announced its quarterly earnings results on Tuesday, April 22nd. The bank reported $1.53 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.52 by $0.01. The business had revenue of $76.88 million during the quarter, compared to the consensus estimate of $94.01 million. QCR had a net margin of 19.06% and a return on equity of 12.68%. During the same quarter last year, the firm posted $1.59 EPS. As a group, equities 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 announced a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Wednesday, March 19th were paid a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 0.34%. The ex-dividend date was Wednesday, March 19th. QCR's payout ratio is 3.61%.

Analyst Ratings Changes

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