QCR Holdings, Inc. (NASDAQ:QCRH) Shares Sold by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC reduced its holdings in shares of QCR Holdings, Inc. (NASDAQ:QCRH) by 10.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,487 shares of the bank’s stock after selling 529 shares during the period. Janney Montgomery Scott LLC’s holdings in QCR were worth $320,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in QCRH. JPMorgan Chase & Co. grew its stake in QCR by 10.3% during the 4th quarter. JPMorgan Chase & Co. now owns 465,282 shares of the bank’s stock valued at $37,520,000 after purchasing an additional 43,439 shares during the last quarter. Geode Capital Management LLC boosted its position in QCR by 0.3% during the fourth quarter. Geode Capital Management LLC now owns 402,487 shares of the bank’s stock worth $32,464,000 after purchasing an additional 1,294 shares in the last quarter. American Century Companies Inc. boosted its position in QCR by 10.5% during the fourth quarter. American Century Companies Inc. now owns 387,702 shares of the bank’s stock worth $31,264,000 after purchasing an additional 36,930 shares in the last quarter. Silvercrest Asset Management Group LLC lifted its position in shares of QCR by 38.4% in the fourth quarter. Silvercrest Asset Management Group LLC now owns 195,092 shares of the bank’s stock valued at $15,732,000 after acquiring an additional 54,161 shares in the last quarter. Finally, Nuveen Asset Management LLC lifted its position in shares of QCR by 0.3% in the fourth quarter. Nuveen Asset Management LLC now owns 177,026 shares of the bank’s stock valued at $14,275,000 after acquiring an additional 609 shares in the last quarter. 70.01% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

QCRH has been the subject of several recent research reports. Piper Sandler cut their price target on QCR from $98.00 to $88.00 and set an “overweight” rating for the company in a report on Thursday, April 24th. Raymond James Financial set a $78.00 price objective on QCR and gave the company an “outperform” rating in a research note on Thursday, April 24th. Wall Street Zen lowered QCR from a “hold” rating to a “sell” rating in a report on Saturday, June 28th. Finally, Keefe, Bruyette & Woods decreased their price target on QCR from $99.00 to $90.00 and set an “outperform” rating for the company in a report on Thursday, April 24th.

QCR Stock Up 2.9%

QCR stock opened at $73.66 on Friday. The stock has a 50-day simple moving average of $67.51 and a 200-day simple moving average of $72.14. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.98 and a current ratio of 0.98. The company has a market capitalization of $1.25 billion, a P/E ratio of 11.08 and a beta of 0.80. QCR Holdings, Inc. has a fifty-two week low of $58.42 and a fifty-two week high of $96.08.

QCR (NASDAQ:QCRH) last posted its quarterly earnings data on Tuesday, April 22nd. The bank reported $1.53 EPS for the quarter, beating the consensus estimate of $1.52 by $0.01. QCR had a return on equity of 12.03% and a net margin of 19.17%. The firm had revenue of $76.88 million during the quarter, compared to the consensus estimate of $94.01 million. During the same period in the prior year, the business earned $1.59 EPS. Equities research analysts expect that QCR Holdings, Inc. will post 6.82 earnings per share for the current year.

QCR Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 3rd. Shareholders of record on Wednesday, June 18th were given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.33%. The ex-dividend date of this dividend was Wednesday, June 18th. QCR’s payout ratio is 3.61%.

Insider Buying and Selling at QCR

In other news, CEO Larry J. Helling purchased 1,000 shares of the stock in a transaction that occurred on Monday, April 28th. The shares were acquired at an average price of $64.53 per share, for a total transaction of $64,530.00. Following the acquisition, the chief executive officer directly owned 40,264 shares in the company, valued at approximately $2,598,235.92. The trade was a 2.55% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 3.70% of the stock is currently owned by corporate insiders.

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.