Dimensional Fund Advisors LP Reduces Holdings in QCR Holdings, Inc. (NASDAQ:QCRH)

Dimensional Fund Advisors LP reduced its position in QCR Holdings, Inc. (NASDAQ:QCRH - Free Report) by 1.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,031,991 shares of the bank's stock after selling 18,097 shares during the quarter. Dimensional Fund Advisors LP owned approximately 6.12% of QCR worth $83,220,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of QCRH. First Trust Advisors LP boosted its holdings in 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 purchasing an additional 82,497 shares during the period. Zacks Investment Management acquired a new stake in QCR in the 4th quarter valued at about $346,000. United Capital Financial Advisors LLC boosted its stake in shares of QCR by 3.8% in the 4th quarter. United Capital Financial Advisors LLC now owns 62,026 shares of the bank's stock valued at $5,002,000 after buying an additional 2,299 shares during the period. Barclays PLC grew its position in shares of QCR by 8.3% during the fourth quarter. Barclays PLC now owns 33,374 shares of the bank's stock worth $2,692,000 after buying an additional 2,569 shares in the last quarter. Finally, Sterling Capital Management LLC increased its stake in shares of QCR by 10.5% during the fourth quarter. Sterling Capital Management LLC now owns 20,430 shares of the bank's stock worth $1,647,000 after buying an additional 1,937 shares during the period. 70.01% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CEO Larry J. Helling purchased 1,000 shares of the firm'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 purchase, the chief executive officer now directly 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 purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, insider James D. Klein sold 630 shares of the company's stock in a transaction that occurred 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 completion of the sale, the insider now owns 428 shares in the company, valued at approximately $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 owned by insiders.

QCR Stock Performance

Shares of QCR stock traded up $1.24 on Friday, reaching $66.37. 121,113 shares of the stock were exchanged, compared to its average volume of 74,537. The company has a current ratio of 1.02, a quick ratio of 0.99 and a debt-to-equity ratio of 0.67. The firm has a market capitalization of $1.12 billion, a PE ratio of 9.89 and a beta of 0.81. QCR Holdings, Inc. has a 1-year low of $54.75 and a 1-year high of $96.08. The business has a fifty day moving average price of $69.57 and a two-hundred day moving average price of $78.26.

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

QCR Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Wednesday, March 19th were paid a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.36%. The ex-dividend date was Wednesday, March 19th. QCR's dividend payout ratio (DPR) is 3.61%.

Analyst Upgrades and Downgrades

Several research analysts have commented on QCRH shares. Raymond James set a $78.00 price target on shares of QCR and gave the stock an "outperform" rating in a 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, Piper Sandler cut their price target on QCR from $98.00 to $88.00 and set an "overweight" rating on the stock 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.