Brandywine Global Investment Management LLC Sells 1,400 Shares of QCR Holdings, Inc. $QCRH

Brandywine Global Investment Management LLC trimmed its position in QCR Holdings, Inc. (NASDAQ:QCRH) by 3.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 37,449 shares of the bank’s stock after selling 1,400 shares during the quarter. Brandywine Global Investment Management LLC owned approximately 0.22% of QCR worth $2,543,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in QCRH. New Age Alpha Advisors LLC acquired a new stake in shares of QCR during the 1st quarter worth approximately $46,000. EntryPoint Capital LLC bought a new position in QCR in the first quarter valued at approximately $210,000. Entropy Technologies LP acquired a new stake in QCR during the 2nd quarter worth $210,000. R Squared Ltd raised its position in shares of QCR by 309.3% during the 1st quarter. R Squared Ltd now owns 3,250 shares of the bank’s stock valued at $232,000 after acquiring an additional 2,456 shares during the last quarter. Finally, Virtus Advisers LLC bought a new stake in shares of QCR during the 1st quarter valued at $260,000. 70.01% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at QCR

In other QCR news, CEO Laura L. Ekizian sold 333 shares of the business’s stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $80.00, for a total value of $26,640.00. Following the sale, the chief executive officer owned 5,632 shares in the company, valued at approximately $450,560. The trade was a 5.58% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 3.70% of the company’s stock.

Analysts Set New Price Targets

QCRH has been the subject of a number of analyst reports. DA Davidson reaffirmed a “neutral” rating and set a $83.00 price objective on shares of QCR in a research note on Thursday, October 9th. Raymond James Financial restated an “outperform” rating and set a $88.00 target price (up previously from $85.00) on shares of QCR in a report on Monday, October 27th. Weiss Ratings restated a “hold (c+)” rating on shares of QCR in a research report on Wednesday, November 19th. Piper Sandler increased their price target on shares of QCR from $92.50 to $97.00 and gave the company an “overweight” rating in a research report on Monday, October 27th. Finally, Zacks Research raised shares of QCR from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 27th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $90.00.

QCR Stock Performance

Shares of QCRH opened at $78.46 on Tuesday. The firm has a market cap of $1.32 billion, a P/E ratio of 10.96 and a beta of 0.87. QCR Holdings, Inc. has a twelve month low of $60.83 and a twelve month high of $96.08. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.98 and a current ratio of 0.98. The firm’s 50 day moving average price is $75.29 and its two-hundred day moving average price is $73.08.

QCR (NASDAQ:QCRH) last issued its quarterly earnings data on Friday, November 7th. The bank reported $2.17 EPS for the quarter. QCR had a net margin of 20.64% and a return on equity of 12.22%. The business had revenue of $101.45 million for the quarter. On average, analysts forecast that QCR Holdings, Inc. will post 6.82 EPS for the current fiscal year.

QCR Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 7th. Investors of record on Tuesday, December 23rd will be issued a dividend of $0.06 per share. The ex-dividend date is Tuesday, December 23rd. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.3%. QCR’s dividend payout ratio (DPR) is presently 3.35%.

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.