QCR Holdings, Inc. $QCRH Shares Sold by Sterling Capital Management LLC

Sterling Capital Management LLC decreased its stake in shares of QCR Holdings, Inc. (NASDAQ:QCRH) by 13.8% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 40,351 shares of the bank’s stock after selling 6,455 shares during the quarter. Sterling Capital Management LLC’s holdings in QCR were worth $3,448,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in QCRH. AQR Capital Management LLC boosted its stake in shares of QCR by 20.7% during the first quarter. AQR Capital Management LLC now owns 38,470 shares of the bank’s stock valued at $2,744,000 after acquiring an additional 6,607 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in QCR by 4.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,729 shares of the bank’s stock valued at $694,000 after purchasing an additional 403 shares during the last quarter. Millennium Management LLC raised its stake in QCR by 124.5% in the 1st quarter. Millennium Management LLC now owns 98,583 shares of the bank’s stock valued at $7,031,000 after purchasing an additional 54,678 shares during the last quarter. Jane Street Group LLC lifted its holdings in QCR by 106.5% in the 1st quarter. Jane Street Group LLC now owns 30,052 shares of the bank’s stock valued at $2,143,000 after purchasing an additional 15,501 shares in the last quarter. Finally, Legal & General Group Plc lifted its holdings in QCR by 1.0% in the 2nd quarter. Legal & General Group Plc now owns 17,366 shares of the bank’s stock valued at $1,179,000 after purchasing an additional 165 shares in the last quarter. 70.01% of the stock is owned by institutional investors and hedge funds.

QCR Stock Performance

NASDAQ QCRH opened at $98.27 on Friday. The business’s 50-day moving average price is $92.16 and its 200 day moving average price is $88.84. The company has a current ratio of 0.96, a quick ratio of 0.89 and a debt-to-equity ratio of 0.37. QCR Holdings, Inc. has a twelve month low of $66.16 and a twelve month high of $98.76. The company has a market capitalization of $1.62 billion, a PE ratio of 12.31 and a beta of 0.76.

QCR (NASDAQ:QCRH) last posted its quarterly earnings results on Wednesday, April 22nd. The bank reported $1.99 EPS for the quarter, beating the consensus estimate of $1.78 by $0.21. QCR had a return on equity of 12.54% and a net margin of 21.98%.The company had revenue of $89.52 million during the quarter, compared to analysts’ expectations of $105.42 million. On average, research analysts predict that QCR Holdings, Inc. will post 8.13 earnings per share for the current year.

QCR Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 3rd. Investors of record on Thursday, June 18th will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date is Thursday, June 18th. QCR’s payout ratio is presently 5.01%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on QCRH shares. Piper Sandler lowered their price target on shares of QCR from $108.00 to $107.00 and set an “overweight” rating for the company in a report on Monday, April 27th. Raymond James Financial reissued an “outperform” rating and set a $99.00 price objective on shares of QCR in a research note on Monday, April 27th. Four analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $101.00.

Insider Buying and Selling

In other QCR news, insider James D. Klein sold 310 shares of the stock in a transaction that occurred on Thursday, April 30th. The shares were sold at an average price of $91.00, for a total transaction of $28,210.00. Following the transaction, the insider owned 428 shares of the company’s stock, valued at $38,948. This trade represents a 42.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Laura L. Ekizian sold 750 shares of QCR stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $94.96, for a total transaction of $71,220.00. Following the completion of the transaction, the chief executive officer owned 6,093 shares in the company, valued at approximately $578,591.28. This trade represents a 10.96% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 3.20% of the stock is currently owned by insiders.

About QCR

QCR Holdings, Inc, headquartered in Moline, Illinois, is a bank holding company that delivers community banking services through its wholly owned subsidiary, QCR Bank. The company focuses on serving individuals, small to medium-sized businesses and municipal clients in select Midwestern markets.

QCR Bank offers a broad array of deposit and lending products, including personal and business checking and savings accounts, commercial real estate loans, equipment financing, mortgage lending and treasury management solutions.