Susquehanna Fundamental Investments LLC Buys Shares of 6,544 QCR Holdings, Inc. (NASDAQ:QCRH)

Susquehanna Fundamental Investments LLC purchased a new position in QCR Holdings, Inc. (NASDAQ:QCRH - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 6,544 shares of the bank's stock, valued at approximately $528,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of QCRH. Farther Finance Advisors LLC purchased a new position in shares of QCR in the 4th quarter valued at $35,000. R Squared Ltd purchased a new position in QCR in the fourth quarter valued at about $64,000. LPL Financial LLC bought a new position in QCR in the fourth quarter worth about $263,000. KLP Kapitalforvaltning AS purchased a new stake in shares of QCR during the fourth quarter valued at about $307,000. Finally, Zacks Investment Management bought a new stake in shares of QCR in the 4th quarter valued at about $346,000. 70.01% of the stock is currently owned by institutional investors.

QCR Trading Up 1.9 %

NASDAQ QCRH opened at $66.37 on Friday. The stock has a market cap of $1.12 billion, a P/E ratio of 9.89 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 12-month low of $54.75 and a 12-month high of $96.08. The company has a fifty day simple moving average of $69.39 and a two-hundred day simple moving average of $78.15.

QCR (NASDAQ:QCRH - Get Free Report) last issued its 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. The company had revenue of $76.88 million during 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 last year, the business posted $1.59 EPS. On average, analysts forecast that QCR Holdings, Inc. will post 6.82 earnings per share for the current year.

QCR Dividend Announcement

The firm 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. The ex-dividend date was Wednesday, March 19th. This represents a $0.24 annualized dividend and a yield of 0.36%. QCR's dividend payout ratio (DPR) is presently 3.61%.

Analyst Ratings Changes

A number of research firms recently commented on QCRH. Piper Sandler decreased their target price on shares of QCR from $98.00 to $88.00 and set an "overweight" rating for the company in a research report on Thursday, April 24th. Raymond James set a $78.00 price objective on QCR and gave the stock an "outperform" rating in a research report on Thursday, April 24th. Finally, Keefe, Bruyette & Woods reduced their target price on QCR from $99.00 to $90.00 and set an "outperform" rating on the stock in a research report on Thursday, April 24th.

Insiders Place Their Bets

In other QCR news, CEO Larry J. Helling purchased 1,000 shares of the stock in a transaction on Monday, April 28th. The shares were bought at an average cost of $64.53 per share, with a total value of $64,530.00. Following the completion of the acquisition, 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 purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider James D. Klein sold 630 shares of QCR stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $73.40, for a total value of $46,242.00. Following the transaction, the insider now owns 428 shares of the company's stock, valued at $31,415.20. The trade was a 59.55 % decrease in their position. The disclosure for this sale can be found here. 3.70% of the stock is currently owned by insiders.

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.

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