Invesco Ltd. Boosts Holdings in QCR Holdings, Inc. (NASDAQ:QCRH)

Invesco Ltd. raised its holdings in shares of QCR Holdings, Inc. (NASDAQ:QCRH) by 9.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 34,575 shares of the bank’s stock after acquiring an additional 3,083 shares during the quarter. Invesco Ltd. owned approximately 0.20% of QCR worth $2,788,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the business. Dynamic Technology Lab Private Ltd purchased a new position in QCR during the 4th quarter valued at about $829,000. Wells Fargo & Company MN increased its holdings in QCR by 15.3% during the 4th quarter. Wells Fargo & Company MN now owns 14,967 shares of the bank’s stock valued at $1,207,000 after acquiring an additional 1,991 shares in the last quarter. ExodusPoint Capital Management LP increased its holdings in QCR by 48.9% during the 4th quarter. ExodusPoint Capital Management LP now owns 16,255 shares of the bank’s stock valued at $1,311,000 after acquiring an additional 5,338 shares in the last quarter. Geode Capital Management LLC increased its holdings in QCR by 0.3% during the 4th quarter. Geode Capital Management LLC now owns 402,487 shares of the bank’s stock valued at $32,464,000 after acquiring an additional 1,294 shares in the last quarter. Finally, Franklin Resources Inc. increased its holdings in QCR by 6.8% during the 4th quarter. Franklin Resources Inc. now owns 65,657 shares of the bank’s stock valued at $5,295,000 after acquiring an additional 4,202 shares in the last quarter. 70.01% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CEO Larry J. Helling bought 1,000 shares of the business’s stock in a transaction that occurred on Monday, April 28th. The shares were acquired at an average cost of $64.53 per share, with a total value of $64,530.00. Following the transaction, the chief executive officer now owns 40,264 shares of the company’s stock, valued at $2,598,235.92. This represents a 2.55 % increase in their position. The acquisition 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 stock in a transaction on Friday, March 14th. The shares were sold at an average price of $73.40, for a total value of $46,242.00. Following the completion of the sale, the insider now owns 428 shares of the company’s stock, valued at approximately $31,415.20. This represents a 59.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 3.70% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on QCRH shares. Keefe, Bruyette & Woods lowered their price target on shares of QCR from $99.00 to $90.00 and set an “outperform” rating for the company in a report on Thursday, April 24th. Raymond James set a $78.00 price target on shares of QCR and gave the stock an “outperform” rating in a report on Thursday. Finally, Piper Sandler lowered their price target on shares of QCR from $98.00 to $88.00 and set an “overweight” rating for the company in a report on Thursday, April 24th.

QCR Price Performance

QCR stock opened at $64.78 on Tuesday. QCR Holdings, Inc. has a 1 year low of $54.75 and a 1 year high of $96.08. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.99 and a current ratio of 1.02. The firm has a 50 day moving average price of $70.25 and a 200 day moving average price of $78.54. The company has a market cap of $1.10 billion, a price-to-earnings ratio of 9.65 and a beta of 0.81.

QCR (NASDAQ:QCRH) last issued its earnings results on Tuesday, April 22nd. The bank reported $1.53 earnings per share for the quarter, topping the consensus estimate of $1.52 by $0.01. The business had revenue of $76.88 million for the quarter, compared to analyst estimates of $94.01 million. QCR had a return on equity of 12.68% and a net margin of 19.06%. During the same period last year, the company posted $1.59 EPS. Sell-side analysts predict that QCR Holdings, Inc. will post 6.82 earnings per share for the current year.

QCR Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Wednesday, March 19th were given a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.37%. The ex-dividend date of this dividend was Wednesday, March 19th. QCR’s dividend payout ratio (DPR) is currently 3.61%.

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.