Endeavour Capital Advisors Inc. trimmed its stake in QCR Holdings, Inc. (NASDAQ:QCRH - Free Report) by 23.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 192,217 shares of the bank's stock after selling 58,865 shares during the period. QCR comprises approximately 4.9% of Endeavour Capital Advisors Inc.'s investment portfolio, making the stock its 6th biggest position. Endeavour Capital Advisors Inc. owned approximately 1.14% of QCR worth $15,500,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. State Street Corp raised its stake in 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 buying an additional 16,006 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of QCR by 10.3% in the 4th 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 in the last quarter. Geode Capital Management LLC raised its position in shares of QCR by 0.3% in the 4th 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 in the last quarter. American Century Companies Inc. lifted its stake in shares of 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 period. Finally, Wellington Management Group LLP boosted its position in shares of QCR by 5.0% during the 3rd 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 in the last quarter. 70.01% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling
In other news, EVP Nicole A. Lee bought 1,094 shares of QCR stock in a transaction dated Wednesday, January 29th. The stock was purchased at an average price of $78.47 per share, for a total transaction of $85,846.18. Following the purchase, the executive vice president now directly owns 1,881 shares in the company, valued at $147,602.07. The trade was a 139.01 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider James D. Klein sold 630 shares of the firm's stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $73.40, for a total transaction of $46,242.00. Following the transaction, the insider now directly owns 428 shares in the company, valued at $31,415.20. The trade was 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 currently owned by company insiders.
Wall Street Analysts Forecast Growth
Separately, Raymond James lowered their target price on QCR from $95.00 to $82.00 and set an "outperform" rating for the company in a report on Wednesday.
Check Out Our Latest Stock Report on QCRH
QCR Stock Down 2.1 %
Shares of NASDAQ QCRH traded down $1.39 during trading on Friday, hitting $64.60. 133,080 shares of the company traded hands, compared to its average volume of 70,963. The firm has a market capitalization of $1.09 billion, a price-to-earnings ratio of 9.63 and a beta of 0.81. The business's fifty day moving average is $74.62 and its 200 day moving average is $79.65. 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 Holdings, Inc. has a fifty-two week low of $54.37 and a fifty-two week high of $96.08.
QCR (NASDAQ:QCRH - Get Free Report) last released its quarterly earnings data on Wednesday, January 22nd. The bank reported $1.93 EPS for the quarter, beating the consensus estimate of $1.74 by $0.19. QCR had a return on equity of 12.68% and a net margin of 19.06%. Equities research analysts predict that QCR Holdings, Inc. will post 6.82 earnings per share 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 given 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 payout ratio is presently 3.58%.
QCR Company Profile
(
Free Report)
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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