QCR Holdings, Inc. (NASDAQ:QCRH) Shares Sold by FJ Capital Management LLC

FJ Capital Management LLC decreased its holdings in QCR Holdings, Inc. (NASDAQ:QCRH - Free Report) by 16.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 278,972 shares of the bank's stock after selling 56,402 shares during the quarter. QCR accounts for about 2.6% of FJ Capital Management LLC's holdings, making the stock its 12th largest holding. FJ Capital Management LLC owned 1.65% of QCR worth $22,496,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Farther Finance Advisors LLC acquired a new position in QCR in the 4th quarter worth about $35,000. R Squared Ltd acquired a new position in QCR in the 4th quarter worth about $64,000. LPL Financial LLC acquired a new position in shares of QCR during the fourth quarter valued at approximately $263,000. Aquatic Capital Management LLC raised its holdings in shares of QCR by 109.9% during the fourth quarter. Aquatic Capital Management LLC now owns 3,569 shares of the bank's stock valued at $288,000 after acquiring an additional 1,869 shares during the last quarter. Finally, KLP Kapitalforvaltning AS acquired a new position in shares of QCR during the fourth quarter valued at approximately $307,000. Institutional investors and hedge funds own 70.01% of the company's stock.

Insiders Place Their Bets

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

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. Piper Sandler reduced their target price on QCR from $98.00 to $88.00 and set an "overweight" rating for the company in a report on Thursday, April 24th. Keefe, Bruyette & Woods reduced their target price on QCR from $99.00 to $90.00 and set an "outperform" rating for the company 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.

QCR Trading Up 3.5%

QCR stock traded up $2.35 during midday trading on Monday, reaching $69.41. 104,500 shares of the stock traded hands, compared to its average volume of 75,723. The company has a 50-day simple moving average of $68.58 and a two-hundred day simple moving average of $77.69. QCR Holdings, Inc. has a 12-month low of $54.75 and a 12-month high of $96.08. The firm has a market cap of $1.17 billion, a PE ratio of 10.34 and a beta of 0.80. 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 announced 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 business had revenue of $76.88 million during the quarter, compared to analysts' expectations of $94.01 million. During the same quarter last year, the business posted $1.59 EPS. Research analysts expect that QCR Holdings, Inc. will post 6.82 earnings per share for the current fiscal year.

QCR Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Wednesday, March 19th were given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.35%. The ex-dividend date of this dividend was Wednesday, March 19th. QCR's dividend payout ratio (DPR) is 3.61%.

QCR Company 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.