LSV Asset Management Sells 9,900 Shares of QCR Holdings, Inc. (NASDAQ:QCRH)

LSV Asset Management lowered its position in QCR Holdings, Inc. (NASDAQ:QCRH - Free Report) by 10.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 81,100 shares of the bank's stock after selling 9,900 shares during the period. LSV Asset Management owned about 0.48% of QCR worth $6,540,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of QCRH. Raymond James Financial Inc. purchased a new stake in QCR during the 4th quarter valued at approximately $3,979,000. Assenagon Asset Management S.A. bought a new stake in QCR in the 4th quarter valued at $3,755,000. JPMorgan Chase & Co. lifted its stake in 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 purchasing an additional 43,439 shares in the last quarter. American Century Companies Inc. boosted its holdings in shares of 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. Finally, Schroder Investment Management Group grew its position in shares of QCR by 29.0% during the fourth quarter. Schroder Investment Management Group now owns 150,525 shares of the bank's stock valued at $12,141,000 after purchasing an additional 33,806 shares in the last quarter. 70.01% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, EVP Nicole A. Lee purchased 1,094 shares of QCR stock in a transaction that occurred on Wednesday, January 29th. The shares were bought at an average price of $78.47 per share, with a total value of $85,846.18. Following the purchase, the executive vice president now directly owns 1,881 shares of the company's stock, valued at approximately $147,602.07. This represents a 139.01 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider James D. Klein sold 630 shares of the business'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 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 ownership of the stock. The disclosure for this sale can be found here. 3.70% of the stock is owned by corporate insiders.

Analyst Ratings Changes

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

QCR Price Performance

QCRH stock traded up $1.03 during trading on Friday, hitting $66.93. 97,848 shares of the company's stock traded hands, compared to its average volume of 72,839. QCR Holdings, Inc. has a 52 week low of $54.75 and a 52 week high of $96.08. The stock has a market capitalization of $1.13 billion, a price-to-earnings ratio of 9.97 and a beta of 0.81. The business has a fifty day simple moving average of $71.63 and a 200 day simple moving average of $78.85. 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 issued its quarterly earnings data on Wednesday, January 22nd. The bank reported $1.93 earnings per share for the quarter, topping 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%. As a group, research analysts expect that QCR Holdings, Inc. will post 6.82 EPS for the current fiscal year.

QCR Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 3rd. Stockholders of record on Wednesday, March 19th were issued a $0.06 dividend. The ex-dividend date was Wednesday, March 19th. This represents a $0.24 annualized dividend and a dividend yield of 0.36%. QCR's dividend payout ratio (DPR) is presently 3.58%.

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.