QCR Holdings, Inc. (NASDAQ:QCRH) Shares Acquired by Lazard Asset Management LLC

Lazard Asset Management LLC lifted its stake in QCR Holdings, Inc. (NASDAQ:QCRH) by 3,042.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 597 shares of the bank’s stock after purchasing an additional 578 shares during the period. Lazard Asset Management LLC’s holdings in QCR were worth $48,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. First Trust Advisors LP grew its position in shares of QCR by 809.7% in the fourth quarter. First Trust Advisors LP now owns 92,686 shares of the bank’s stock valued at $7,474,000 after purchasing an additional 82,497 shares during the last quarter. Bridgeway Capital Management LLC lifted its stake in QCR by 41.0% in the 4th quarter. Bridgeway Capital Management LLC now owns 176,267 shares of the bank’s stock valued at $14,214,000 after buying an additional 51,240 shares in the last quarter. Raymond James Financial Inc. purchased a new position in QCR during the fourth quarter worth $3,979,000. JPMorgan Chase & Co. increased its position 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 buying an additional 43,439 shares in the last quarter. Finally, American Century Companies Inc. raised its holdings in shares of QCR by 10.5% in the fourth quarter. American Century Companies Inc. now owns 387,702 shares of the bank’s stock worth $31,264,000 after acquiring an additional 36,930 shares during the last quarter. 70.01% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CEO Larry J. Helling purchased 1,000 shares of the stock in a transaction that occurred on Monday, April 28th. The stock was acquired at an average cost of $64.53 per share, with a total value of $64,530.00. Following the acquisition, the chief executive officer now owns 40,264 shares in the company, valued at approximately $2,598,235.92. This trade represents a 2.55% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider James D. Klein sold 630 shares of the business’s stock in a transaction on Friday, March 14th. The stock was sold at an average price of $73.40, for a total transaction of $46,242.00. Following the completion of the transaction, the insider now owns 428 shares in the company, valued at $31,415.20. This represents a 59.55% decrease in their position. The disclosure for this sale can be found here. 3.70% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. Wall Street Zen downgraded shares of QCR from a “hold” rating to a “sell” rating in a research note on Thursday. Piper Sandler decreased their price objective on QCR from $98.00 to $88.00 and set an “overweight” rating on the stock in a report on Thursday, April 24th. Raymond James set a $78.00 price objective on QCR and gave the company an “outperform” rating in a research report on Thursday, April 24th. Finally, Keefe, Bruyette & Woods reduced their target price on QCR from $99.00 to $90.00 and set an “outperform” rating on the stock in a research report on Thursday, April 24th.

QCR Stock Down 0.8%

Shares of NASDAQ:QCRH opened at $67.67 on Monday. The stock has a 50-day simple moving average of $68.00 and a 200-day simple moving average of $76.83. The stock has a market capitalization of $1.15 billion, a P/E ratio of 10.08 and a beta of 0.80. 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.

QCR (NASDAQ:QCRH) last released its quarterly earnings data on Tuesday, April 22nd. The bank reported $1.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.52 by $0.01. QCR had a net margin of 19.06% and a return on equity of 12.68%. The company had revenue of $76.88 million during the quarter, compared to the consensus estimate of $94.01 million. During the same period in the previous year, the firm earned $1.59 earnings per share. Equities analysts forecast that QCR Holdings, Inc. will post 6.82 earnings per share for the current year.

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.