4,295 Shares in QCR Holdings, Inc. (NASDAQ:QCRH) Bought by Zacks Investment Management

Zacks Investment Management acquired a new stake in QCR Holdings, Inc. (NASDAQ:QCRH - Free Report) in the fourth quarter, according to its most recent filing with the SEC. The fund acquired 4,295 shares of the bank's stock, valued at approximately $346,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. State Street Corp boosted its holdings in QCR by 3.4% in the 3rd quarter. State Street Corp now owns 481,809 shares of the bank's stock worth $35,696,000 after buying an additional 16,006 shares during the period. JPMorgan Chase & Co. increased its stake in shares of QCR by 10.3% in the fourth quarter. JPMorgan Chase & Co. now owns 465,282 shares of the bank's stock worth $37,520,000 after acquiring an additional 43,439 shares during the period. Geode Capital Management LLC increased its position in shares of QCR by 0.3% in the fourth quarter. Geode Capital Management LLC now owns 402,487 shares of the bank's stock valued at $32,464,000 after buying an additional 1,294 shares in the last quarter. American Century Companies Inc. raised its stake in QCR by 10.5% in 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. Finally, Schroder Investment Management Group boosted its position in shares of QCR by 29.0% during the 4th quarter. Schroder Investment Management Group now owns 150,525 shares of the bank's stock valued at $12,141,000 after acquiring an additional 33,806 shares during the last quarter. 70.01% of the stock is currently owned by hedge funds and other institutional investors.

QCR Stock Down 1.0 %

QCR stock traded down $0.63 during midday trading on Friday, reaching $64.50. The stock had a trading volume of 20,814 shares, compared to its average volume of 73,301. The company has a fifty day moving average price of $70.75 and a two-hundred day moving average price of $78.65. 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 company has a market capitalization of $1.09 billion, a P/E ratio of 9.61 and a beta of 0.81. QCR Holdings, Inc. has a 12 month low of $54.75 and a 12 month high of $96.08.

QCR (NASDAQ:QCRH - Get Free Report) last released its earnings results on Tuesday, April 22nd. The bank reported $1.53 EPS for the quarter, topping 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 business had revenue of $76.88 million for the quarter, compared to the consensus estimate of $94.01 million. During the same period in the previous year, the company posted $1.59 earnings per share. As a group, equities analysts expect that QCR Holdings, Inc. will post 6.82 EPS for the current fiscal year.

QCR Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Wednesday, March 19th were given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 0.37%. The ex-dividend date was Wednesday, March 19th. QCR's dividend payout ratio is presently 3.61%.

Insider Buying and Selling

In other news, insider James D. Klein sold 630 shares of the firm's stock in a transaction 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 $31,415.20. This trade represents a 59.55 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Nicole A. Lee purchased 1,094 shares of the company's stock in a transaction dated Wednesday, January 29th. The stock was purchased at an average cost of $78.47 per share, for a total transaction of $85,846.18. Following the transaction, the executive vice president now owns 1,881 shares of the company's stock, valued at approximately $147,602.07. This trade represents a 139.01 % 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.

Wall Street Analysts Forecast Growth

QCRH has been the subject of several recent research reports. 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. Piper Sandler lowered their target price on QCR from $98.00 to $88.00 and set an "overweight" rating on the stock in a research report on Thursday. Finally, Keefe, Bruyette & Woods lowered their price objective on shares of QCR from $99.00 to $90.00 and set an "outperform" rating on the stock in a research report on Thursday.

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.