Northern Trust Corp Has $12.39 Million Stock Holdings in QCR Holdings, Inc. (NASDAQ:QCRH)

Northern Trust Corp lifted its stake in shares of QCR Holdings, Inc. (NASDAQ:QCRH - Free Report) by 4.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 153,658 shares of the bank's stock after purchasing an additional 6,191 shares during the period. Northern Trust Corp owned approximately 0.91% of QCR worth $12,391,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of QCRH. Farther Finance Advisors LLC bought a new position in QCR in the fourth quarter valued at about $35,000. R Squared Ltd acquired a new stake in shares of QCR during the 4th quarter worth approximately $64,000. LPL Financial LLC bought a new stake in shares of QCR during the fourth quarter worth approximately $263,000. Aquatic Capital Management LLC lifted its holdings in QCR by 109.9% in the fourth quarter. Aquatic Capital Management LLC now owns 3,569 shares of the bank's stock valued at $288,000 after buying an additional 1,869 shares during the period. Finally, KLP Kapitalforvaltning AS bought a new position in QCR in the fourth quarter valued at approximately $307,000. 70.01% of the stock is owned by institutional investors.

QCR Stock Up 0.3%

Shares of QCRH traded up $0.19 on Monday, hitting $70.90. The company's stock had a trading volume of 72,050 shares, compared to its average volume of 76,717. The firm's fifty day moving average price is $68.38 and its 200-day moving average price is $77.28. QCR Holdings, Inc. has a fifty-two week low of $54.75 and a fifty-two week high of $96.08. The company has a quick ratio of 0.99, a current ratio of 1.02 and a debt-to-equity ratio of 0.67. The firm has a market capitalization of $1.20 billion, a price-to-earnings ratio of 10.57 and a beta of 0.80.

QCR (NASDAQ:QCRH - Get Free Report) last released its quarterly earnings results on Tuesday, April 22nd. The bank reported $1.53 earnings per share for the quarter, beating the consensus estimate 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 analysts' expectations of $94.01 million. During the same quarter in the prior year, the company earned $1.59 earnings per share. On average, equities research analysts expect that QCR Holdings, Inc. will post 6.82 EPS for the current year.

QCR Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Wednesday, March 19th were issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 0.34%. The ex-dividend date of this dividend was Wednesday, March 19th. QCR's dividend payout ratio (DPR) is presently 3.61%.

Insider Buying and Selling at QCR

In other news, CEO Larry J. Helling bought 1,000 shares of the business's stock in a transaction on Monday, April 28th. The shares were purchased at an average price of $64.53 per share, for a total transaction of $64,530.00. Following the purchase, the chief executive officer now owns 40,264 shares of the company's stock, valued at approximately $2,598,235.92. The trade was a 2.55% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider James D. Klein sold 630 shares of QCR 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 sale, the insider now owns 428 shares in the company, valued at $31,415.20. This trade represents a 59.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 3.70% of the company's stock.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Raymond James set a $78.00 target price on QCR and gave the company an "outperform" rating in a research note on Thursday, April 24th. Keefe, Bruyette & Woods decreased their price objective on shares of QCR from $99.00 to $90.00 and set an "outperform" rating for the company in a report on Thursday, April 24th. Finally, Piper Sandler reduced their price target 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.

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.