Cwm LLC Has $1.29 Million Position in QCR Holdings, Inc. $QCRH

Cwm LLC decreased its stake in shares of QCR Holdings, Inc. (NASDAQ:QCRH) by 3.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,000 shares of the bank’s stock after selling 719 shares during the period. Cwm LLC owned approximately 0.11% of QCR worth $1,290,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Wedge Capital Management L L P NC boosted its holdings in QCR by 1.9% during the second quarter. Wedge Capital Management L L P NC now owns 36,977 shares of the bank’s stock worth $2,511,000 after purchasing an additional 681 shares during the last quarter. Strs Ohio purchased a new stake in shares of QCR in the first quarter worth $642,000. Jane Street Group LLC increased its holdings in shares of QCR by 106.5% in the 1st quarter. Jane Street Group LLC now owns 30,052 shares of the bank’s stock worth $2,143,000 after buying an additional 15,501 shares during the last quarter. Empowered Funds LLC boosted its holdings in shares of QCR by 2.0% in the first quarter. Empowered Funds LLC now owns 68,631 shares of the bank’s stock valued at $4,895,000 after purchasing an additional 1,364 shares during the period. Finally, Dean Capital Management boosted its position in shares of QCR by 13.5% in the 1st quarter. Dean Capital Management now owns 32,050 shares of the bank’s stock worth $2,286,000 after purchasing an additional 3,808 shares in the last quarter. 70.01% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other QCR news, CEO Laura L. Ekizian sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, August 26th. The shares were sold at an average price of $80.00, for a total transaction of $80,000.00. Following the completion of the transaction, the chief executive officer directly owned 5,965 shares in the company, valued at approximately $477,200. This trade represents a 14.36% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 3.70% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on QCRH. Wall Street Zen raised QCR from a “sell” rating to a “hold” rating in a research note on Saturday, July 26th. Piper Sandler increased their price objective on shares of QCR from $88.00 to $92.50 and gave the stock an “overweight” rating in a report on Monday, July 28th. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and issued a $92.00 price objective (up previously from $90.00) on shares of QCR in a report on Friday, July 25th. DA Davidson reiterated a “neutral” rating and issued a $83.00 price target on shares of QCR in a research report on Thursday, October 9th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of QCR in a research note on Wednesday, October 8th. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $86.38.

QCR Stock Performance

NASDAQ QCRH opened at $69.95 on Tuesday. The company has a market capitalization of $1.18 billion, a P/E ratio of 10.53 and a beta of 0.83. The company has a fifty day moving average of $76.10 and a 200-day moving average of $71.23. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.98 and a current ratio of 0.98. QCR Holdings, Inc. has a 52-week low of $60.83 and a 52-week high of $96.08.

QCR (NASDAQ:QCRH) last posted its earnings results on Wednesday, July 23rd. The bank reported $1.73 EPS for the quarter, topping analysts’ consensus estimates of $1.63 by $0.10. The business had revenue of $84.20 million during the quarter, compared to the consensus estimate of $95.11 million. QCR had a net margin of 19.43% and a return on equity of 11.71%. As a group, equities research analysts predict that QCR Holdings, Inc. will post 6.82 EPS for the current fiscal year.

QCR Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 3rd. Stockholders of record on Thursday, September 18th were given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.3%. The ex-dividend date was Thursday, September 18th. QCR’s payout ratio is currently 3.61%.

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.