Dimensional Fund Advisors LP Decreases Stock Position in QCR Holdings, Inc. (NASDAQ:QCRH)

Dimensional Fund Advisors LP decreased its position in shares of QCR Holdings, Inc. (NASDAQ:QCRH - Free Report) by 1.7% during the 4th quarter, according to its most recent 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 6.12% of QCR worth $83,220,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. Invesco Ltd. raised its stake in shares of QCR by 9.8% during the 4th quarter. Invesco Ltd. now owns 34,575 shares of the bank's stock worth $2,788,000 after buying an additional 3,083 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of QCR by 10.8% in the third quarter. JPMorgan Chase & Co. now owns 421,843 shares of the bank's stock valued at $31,229,000 after purchasing an additional 41,043 shares in the last quarter. Barclays PLC grew its position in shares of QCR by 148.9% in the third quarter. Barclays PLC now owns 30,805 shares of the bank's stock valued at $2,281,000 after purchasing an additional 18,430 shares during the last quarter. Assenagon Asset Management S.A. purchased a new position in shares of QCR during the 4th quarter worth approximately $3,755,000. Finally, Charles Schwab Investment Management Inc. lifted its stake in QCR by 6.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 145,990 shares of the bank's stock valued at $11,773,000 after buying an additional 9,292 shares in the last quarter. 70.01% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on QCRH shares. Keefe, Bruyette & Woods dropped their price target on QCR from $99.00 to $90.00 and set an "outperform" rating for the company in a research report on Thursday, April 24th. Raymond James set a $78.00 target price on shares of QCR and gave the company an "outperform" rating in a research note on Thursday, April 24th. Finally, Piper Sandler decreased their price target on shares of QCR from $98.00 to $88.00 and set an "overweight" rating on the stock in a research note on Thursday, April 24th.

Insider Buying and Selling at QCR

In other QCR news, CEO Larry J. Helling bought 1,000 shares of the company's stock in a transaction that occurred on Monday, April 28th. The stock was purchased at an average price of $64.53 per share, with a total value of $64,530.00. Following the transaction, the chief executive officer now owns 40,264 shares in the company, valued at $2,598,235.92. This trade represents a 2.55 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider James D. Klein sold 630 shares of the business'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 transaction of $46,242.00. Following the sale, the insider now owns 428 shares of the company's stock, valued at approximately $31,415.20. This represents a 59.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.70% of the stock is owned by company insiders.

QCR Trading Up 0.4 %

Shares of QCR stock traded up $0.28 during trading hours on Monday, reaching $66.65. 9,103 shares of the company's stock were exchanged, compared to its average volume of 74,440. QCR Holdings, Inc. has a 52-week low of $54.75 and a 52-week high of $96.08. The company has a fifty day moving average of $69.39 and a 200-day moving average of $78.12. 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 $1.13 billion, a price-to-earnings ratio of 9.94 and a beta of 0.80.

QCR (NASDAQ:QCRH - Get Free Report) last issued its quarterly earnings results on Tuesday, April 22nd. The bank reported $1.53 earnings per share (EPS) 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 period last year, the company earned $1.59 EPS. Sell-side analysts forecast that QCR Holdings, Inc. will post 6.82 EPS for the current fiscal year.

QCR Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, April 3rd. Investors 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 0.36%. The ex-dividend date 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.