Strs Ohio Sells 1,300 Shares of QCR Holdings, Inc. (NASDAQ:QCRH)

Strs Ohio reduced its stake in QCR Holdings, Inc. (NASDAQ:QCRH) by 9.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 12,000 shares of the bank’s stock after selling 1,300 shares during the quarter. Strs Ohio’s holdings in QCR were worth $700,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. FMR LLC raised its holdings in QCR by 83.9% in the 3rd quarter. FMR LLC now owns 1,502,724 shares of the bank’s stock valued at $72,912,000 after acquiring an additional 685,471 shares during the period. Teacher Retirement System of Texas bought a new position in shares of QCR during the third quarter worth approximately $488,000. Brandywine Global Investment Management LLC increased its holdings in shares of QCR by 53.1% during the third quarter. Brandywine Global Investment Management LLC now owns 50,729 shares of the bank’s stock worth $2,461,000 after purchasing an additional 17,590 shares during the period. Assenagon Asset Management S.A. bought a new position in shares of QCR during the fourth quarter worth approximately $1,734,000. Finally, Bank of New York Mellon Corp increased its holdings in shares of QCR by 2.0% during the third quarter. Bank of New York Mellon Corp now owns 89,525 shares of the bank’s stock worth $4,344,000 after purchasing an additional 1,715 shares during the period. 70.01% of the stock is owned by institutional investors.

Insider Buying and Selling at QCR

In related news, CEO Larry J. Helling bought 1,000 shares of the business’s stock in a transaction on Monday, February 5th. The shares were purchased at an average price of $56.00 per share, for a total transaction of $56,000.00. Following the completion of the transaction, the chief executive officer now directly owns 36,601 shares of the company’s stock, valued at approximately $2,049,656. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 3.70% of the company’s stock.

QCR Stock Performance

NASDAQ QCRH opened at $57.54 on Friday. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.81. The firm has a market capitalization of $966.67 million, a price-to-earnings ratio of 8.58 and a beta of 0.95. The firm’s 50 day simple moving average is $57.19 and its 200 day simple moving average is $55.13. QCR Holdings, Inc. has a 1 year low of $35.14 and a 1 year high of $62.94.

QCR (NASDAQ:QCRH) last posted its quarterly earnings results on Tuesday, April 23rd. The bank reported $1.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.32 by $0.27. The business had revenue of $141.91 million for the quarter, compared to analyst estimates of $82.83 million. QCR had a net margin of 19.92% and a return on equity of 13.47%. During the same quarter last year, the business posted $1.65 EPS. As a group, research analysts expect that QCR Holdings, Inc. will post 5.64 earnings per share for the current fiscal year.

QCR Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 3rd. Shareholders of record on Friday, March 15th were given a $0.06 dividend. The ex-dividend date was Thursday, March 14th. This represents a $0.24 dividend on an annualized basis and a yield of 0.42%. QCR’s dividend payout ratio is currently 3.58%.

Analyst Upgrades and Downgrades

QCRH has been the topic of several recent research reports. Keefe, Bruyette & Woods raised their target price on shares of QCR from $69.00 to $70.00 and gave the stock an “outperform” rating in a report on Thursday, January 25th. Piper Sandler raised their target price on shares of QCR from $67.00 to $74.00 and gave the stock an “overweight” rating in a report on Thursday, January 25th. Finally, Raymond James raised their target price on shares of QCR from $60.00 to $72.00 and gave the stock an “outperform” rating in a report on Monday, January 29th.

QCR 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.