Susquehanna Fundamental Investments LLC Buys New Shares in QCR Holdings, Inc. (NASDAQ:QCRH)

Susquehanna Fundamental Investments LLC bought a new stake in shares of QCR Holdings, Inc. (NASDAQ:QCRH - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 6,544 shares of the bank's stock, valued at approximately $528,000.

Other large investors have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. grew its holdings in QCR by 10.3% in the 4th quarter. JPMorgan Chase & Co. now owns 465,282 shares of the bank's stock valued at $37,520,000 after buying an additional 43,439 shares during the last quarter. Geode Capital Management LLC increased its position in QCR by 0.3% during the fourth quarter. Geode Capital Management LLC now owns 402,487 shares of the bank's stock worth $32,464,000 after acquiring an additional 1,294 shares during the period. American Century Companies Inc. raised its stake in QCR by 10.5% during the 4th quarter. American Century Companies Inc. now owns 387,702 shares of the bank's stock valued at $31,264,000 after purchasing an additional 36,930 shares during the last quarter. Schroder Investment Management Group grew its position in QCR by 29.0% in the 4th quarter. Schroder Investment Management Group now owns 150,525 shares of the bank's stock worth $12,141,000 after purchasing an additional 33,806 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of QCR by 6.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 145,990 shares of the bank's stock worth $11,773,000 after purchasing an additional 9,292 shares during the period. Institutional investors own 70.01% of the company's stock.

Analysts Set New Price Targets

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

QCR Trading Down 1.0 %

NASDAQ:QCRH traded down $0.66 on Friday, reaching $66.72. The company's stock had a trading volume of 11,217 shares, compared to its average volume of 87,094. QCR Holdings, Inc. has a 1-year low of $54.75 and a 1-year high of $96.08. The business's 50-day moving average price is $68.68 and its two-hundred day moving average price is $77.78. The firm has a market cap of $1.13 billion, a PE ratio of 9.94 and a beta of 0.80. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.99 and a current ratio of 1.02.

QCR (NASDAQ:QCRH - Get Free Report) last released its quarterly earnings results on Tuesday, April 22nd. The bank reported $1.53 earnings per share (EPS) for the quarter, beating the consensus estimate 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 the consensus estimate of $94.01 million. During the same quarter last year, the business posted $1.59 EPS. Equities research analysts anticipate that QCR Holdings, Inc. will post 6.82 earnings per share for the current fiscal year.

QCR Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Stockholders of record on Wednesday, March 19th were issued 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 payout ratio is presently 3.61%.

Insider Transactions at QCR

In related news, insider James D. Klein sold 630 shares of QCR 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 completion of the sale, the insider now directly owns 428 shares of the company's stock, valued at approximately $31,415.20. This trade represents a 59.55 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Larry J. Helling acquired 1,000 shares of the firm's stock in a transaction on Monday, April 28th. The stock was purchased at an average cost of $64.53 per share, for a total transaction of $64,530.00. Following the completion of the acquisition, the chief executive officer now owns 40,264 shares in the company, valued at approximately $2,598,235.92. This represents a 2.55 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 3.70% of the stock is owned by company 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.