ExodusPoint Capital Management LP Acquires 5,338 Shares of QCR Holdings, Inc. (NASDAQ:QCRH)

ExodusPoint Capital Management LP lifted its position in QCR Holdings, Inc. (NASDAQ:QCRH - Free Report) by 48.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,255 shares of the bank's stock after purchasing an additional 5,338 shares during the quarter. ExodusPoint Capital Management LP owned 0.10% of QCR worth $1,311,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. State Street Corp lifted its holdings in shares of QCR by 3.4% during the 3rd quarter. State Street Corp now owns 481,809 shares of the bank's stock worth $35,696,000 after acquiring an additional 16,006 shares during the period. JPMorgan Chase & Co. lifted its stake in QCR by 10.3% during the fourth quarter. JPMorgan Chase & Co. now owns 465,282 shares of the bank's stock worth $37,520,000 after purchasing an additional 43,439 shares during the period. Geode Capital Management LLC lifted its stake 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 purchasing an additional 1,294 shares during the period. American Century Companies Inc. boosted its holdings in QCR by 10.5% during the fourth 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 in the last quarter. Finally, Wellington Management Group LLP raised its holdings in shares of QCR by 5.0% in the 3rd quarter. Wellington Management Group LLP now owns 253,452 shares of the bank's stock worth $18,763,000 after buying an additional 12,052 shares in the last quarter. 70.01% of the stock is owned by institutional investors.

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Wall Street Analyst Weigh In

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

QCR Price Performance

Shares of QCR stock traded down $0.39 during midday trading on Friday, reaching $63.60. The company had a trading volume of 78,196 shares, compared to its average volume of 72,036. The company has a market capitalization of $1.07 billion, a price-to-earnings ratio of 9.48 and a beta of 0.81. QCR Holdings, Inc. has a 1-year low of $54.37 and a 1-year high of $96.08. 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 stock has a fifty day simple moving average of $72.84 and a 200 day simple moving average of $79.13.

QCR (NASDAQ:QCRH - Get Free Report) last issued its earnings results 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 net margin of 19.06% and a return on equity of 12.68%. As a group, equities research analysts forecast that QCR Holdings, Inc. will post 6.82 earnings per share for the current year.

QCR Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Wednesday, March 19th were issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 0.38%. 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 firm's stock in a transaction that occurred on 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 completion of the acquisition, the executive vice president now owns 1,881 shares in the company, valued at $147,602.07. This trade represents a 139.01 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider James D. Klein sold 630 shares of the company's stock in a transaction that occurred on Friday, March 14th. The shares were 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. 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.

QCR Company Profile

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.