14,606 Shares in QCR Holdings, Inc. (NASDAQ:QCRH) Purchased by Hsbc Holdings PLC

Hsbc Holdings PLC acquired a new stake in shares of QCR Holdings, Inc. (NASDAQ:QCRH - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 14,606 shares of the bank's stock, valued at approximately $1,180,000. Hsbc Holdings PLC owned 0.09% of QCR as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in QCRH. First Trust Advisors LP lifted its holdings in QCR by 809.7% in the 4th quarter. First Trust Advisors LP now owns 92,686 shares of the bank's stock worth $7,474,000 after buying an additional 82,497 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of QCR in the fourth quarter worth $3,979,000. Assenagon Asset Management S.A. acquired a new stake in QCR in the fourth quarter valued at $3,755,000. JPMorgan Chase & Co. boosted its stake in QCR by 10.3% during the 4th quarter. JPMorgan Chase & Co. now owns 465,282 shares of the bank's stock valued at $37,520,000 after acquiring an additional 43,439 shares during the last quarter. Finally, American Century Companies Inc. increased its position in shares of QCR by 10.5% in the 4th quarter. American Century Companies Inc. now owns 387,702 shares of the bank's stock worth $31,264,000 after purchasing an additional 36,930 shares during the last quarter. 70.01% of the stock is owned by institutional investors and hedge funds.

Insider Activity at QCR

In other QCR news, CEO Larry J. Helling purchased 1,000 shares of the business's stock in a transaction on Monday, April 28th. The stock was bought at an average cost of $64.53 per share, with a total value of $64,530.00. Following the acquisition, the chief executive officer now owns 40,264 shares of the company's stock, valued at $2,598,235.92. The trade was a 2.55 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider James D. Klein sold 630 shares of QCR 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 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. Company insiders own 3.70% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on QCRH. Piper Sandler decreased their price target on 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 lowered their price target 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 objective on shares of QCR and gave the stock an "outperform" rating in a report on Thursday, April 24th.

QCR Price Performance

QCRH stock traded up $0.48 during trading on Thursday, hitting $66.41. The company had a trading volume of 10,432 shares, compared to its average volume of 74,887. The business has a 50 day moving average of $68.83 and a 200 day moving average of $77.85. The firm has a market capitalization of $1.12 billion, a price-to-earnings ratio of 9.90 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 Holdings, Inc. has a fifty-two week low of $54.75 and a fifty-two week high of $96.08.

QCR (NASDAQ:QCRH - Get Free Report) last issued 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. QCR had a net margin of 19.06% and a return on equity of 12.68%. The company had revenue of $76.88 million during the quarter, compared to analyst estimates of $94.01 million. During the same period in the prior year, the business posted $1.59 EPS. As a group, research analysts predict that QCR Holdings, Inc. will post 6.82 earnings per share for the current year.

QCR Announces Dividend

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