Hsbc Holdings PLC Purchases New Shares in QCR Holdings, Inc. (NASDAQ:QCRH)

Hsbc Holdings PLC bought a new stake in QCR Holdings, Inc. (NASDAQ:QCRH - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 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.

Several other large investors have also modified their holdings of QCRH. First Trust Advisors LP grew its stake in shares of QCR by 809.7% in the fourth quarter. First Trust Advisors LP now owns 92,686 shares of the bank's stock valued at $7,474,000 after buying an additional 82,497 shares in the last quarter. Raymond James Financial Inc. purchased a new position in QCR during the 4th quarter valued at about $3,979,000. Assenagon Asset Management S.A. acquired a new position in QCR in the 4th quarter valued at about $3,755,000. JPMorgan Chase & Co. increased its stake in QCR by 10.3% during the fourth quarter. JPMorgan Chase & Co. now owns 465,282 shares of the bank's stock worth $37,520,000 after purchasing an additional 43,439 shares during the period. Finally, American Century Companies Inc. increased its stake in QCR by 10.5% during the fourth 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 period. Institutional investors and hedge funds own 70.01% of the company's stock.

QCR Stock Performance

Shares of NASDAQ QCRH traded down $0.70 during midday trading on Tuesday, reaching $65.23. 98,743 shares of the company were exchanged, compared to its average volume of 74,802. The stock has a market cap of $1.10 billion, a P/E ratio of 9.72 and a beta of 0.80. QCR Holdings, Inc. has a 1 year low of $54.75 and a 1 year high of $96.08. The stock has a fifty day simple moving average of $69.21 and a 200 day simple moving average of $78.02. 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 released its 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 for the quarter, compared to analyst estimates of $94.01 million. QCR had a return on equity of 12.68% and a net margin of 19.06%. During the same quarter in the previous year, the company posted $1.59 earnings per share. On average, research analysts forecast 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. Investors of record on Wednesday, March 19th were issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.37%. The ex-dividend date was Wednesday, March 19th. QCR's dividend payout ratio is currently 3.61%.

Insider Activity at QCR

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

Analyst Ratings Changes

Several analysts have recently issued reports on QCRH shares. Raymond James set a $78.00 price objective on QCR and gave the company an "outperform" rating in a research note on Thursday, April 24th. Piper Sandler reduced their price target on QCR from $98.00 to $88.00 and set an "overweight" rating on the stock in a research report on Thursday, April 24th. Finally, Keefe, Bruyette & Woods decreased 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.

QCR 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.