QCR Holdings, Inc. (NASDAQ:QCRH) Stock Position Cut by Vanguard Group Inc.

Vanguard Group Inc. reduced its holdings in shares of QCR Holdings, Inc. (NASDAQ:QCRH - Free Report) by 1.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 945,778 shares of the bank's stock after selling 13,268 shares during the quarter. Vanguard Group Inc. owned approximately 5.61% of QCR worth $76,268,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the business. BNP Paribas Financial Markets increased its position in QCR by 30.1% during the 3rd quarter. BNP Paribas Financial Markets now owns 4,372 shares of the bank's stock worth $324,000 after purchasing an additional 1,012 shares in the last quarter. Point72 Asset Management L.P. purchased a new stake in QCR in the 3rd quarter worth approximately $54,000. State Street Corp boosted its holdings in shares of QCR by 3.4% during the third quarter. State Street Corp now owns 481,809 shares of the bank's stock worth $35,696,000 after purchasing an additional 16,006 shares during the last quarter. Wellington Management Group LLP grew its holdings in QCR by 5.0% in the third quarter. Wellington Management Group LLP now owns 253,452 shares of the bank's stock valued at $18,763,000 after purchasing an additional 12,052 shares during the period. Finally, Jane Street Group LLC boosted its holdings in QCR by 48.9% in the third quarter. Jane Street Group LLC now owns 27,080 shares of the bank's stock valued at $2,005,000 after acquiring an additional 8,890 shares during the last quarter. 70.01% of the stock is currently owned by institutional investors and hedge funds.

QCR Stock Down 0.5 %

QCR stock traded down $0.30 during midday trading on Wednesday, hitting $65.43. 1,063 shares of the company were exchanged, compared to its average volume of 72,004. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.02 and a quick ratio of 0.99. QCR Holdings, Inc. has a fifty-two week low of $54.37 and a fifty-two week high of $96.08. The company's fifty day moving average price is $72.28 and its 200-day moving average price is $79.03. The company has a market cap of $1.11 billion, a PE ratio of 9.78 and a beta of 0.81.

QCR (NASDAQ:QCRH - Get Free Report) last posted its quarterly earnings data on Wednesday, January 22nd. The bank reported $1.93 earnings per share for the quarter, beating analysts' consensus estimates of $1.74 by $0.19. QCR had a net margin of 19.06% and a return on equity of 12.68%. On average, research analysts predict that QCR Holdings, Inc. will post 6.82 EPS for the current fiscal year.

QCR Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 3rd. Stockholders of record on Wednesday, March 19th were paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.37%. The ex-dividend date was Wednesday, March 19th. QCR's dividend payout ratio (DPR) is currently 3.58%.

Insider Transactions at QCR

In other news, EVP Nicole A. Lee acquired 1,094 shares of the business's stock in a transaction on Wednesday, January 29th. The shares were purchased at an average price of $78.47 per share, for a total transaction of $85,846.18. Following the completion of the purchase, the executive vice president now directly owns 1,881 shares of the company's stock, valued at $147,602.07. This represents a 139.01 % increase in their position. The transaction 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 stock was sold at an average price of $73.40, for a total value of $46,242.00. Following the completion of the transaction, the insider now owns 428 shares of the company's stock, valued at approximately $31,415.20. The trade was a 59.55 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 3.70% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Raymond James reduced their price target on shares of QCR from $95.00 to $82.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 2nd.

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.