Goldman Sachs Group Inc. lowered its stake in shares of QCR Holdings, Inc. (NASDAQ:QCRH) by 6.3% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,429 shares of the bank’s stock after selling 629 shares during the period. Goldman Sachs Group Inc. owned about 0.07% of QCR Holdings worth $447,000 as of its most recent SEC filing.
Several other large investors also recently modified their holdings of the business. PDT Partners LLC acquired a new stake in shares of QCR Holdings during the 2nd quarter valued at $670,000. Stifel Financial Corp boosted its stake in shares of QCR Holdings by 0.5% during the 2nd quarter. Stifel Financial Corp now owns 101,596 shares of the bank’s stock valued at $4,817,000 after buying an additional 464 shares during the period. Voya Investment Management LLC acquired a new stake in shares of QCR Holdings during the 2nd quarter valued at $224,000. OxFORD Asset Management LLP boosted its stake in shares of QCR Holdings by 28.7% during the 2nd quarter. OxFORD Asset Management LLP now owns 34,488 shares of the bank’s stock valued at $1,635,000 after buying an additional 7,699 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in shares of QCR Holdings by 11.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 225,146 shares of the bank’s stock valued at $10,672,000 after buying an additional 22,637 shares during the period. 62.08% of the stock is owned by institutional investors.
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QCR Holdings, Inc. (NASDAQ:QCRH) opened at $42.25 on Tuesday. The firm has a market cap of $583.34, a price-to-earnings ratio of 16.15, a PEG ratio of 1.60 and a beta of 0.59. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.95 and a current ratio of 0.95. QCR Holdings, Inc. has a twelve month low of $36.40 and a twelve month high of $50.00.
In other news, CFO Todd A. Gipple sold 5,920 shares of the firm’s stock in a transaction on Wednesday, September 13th. The shares were sold at an average price of $43.00, for a total transaction of $254,560.00. Following the transaction, the chief financial officer now owns 49,162 shares in the company, valued at approximately $2,113,966. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 8.80% of the stock is currently owned by company insiders.
QCRH has been the subject of a number of research reports. Piper Jaffray Companies set a $55.00 target price on shares of QCR Holdings and gave the company a “buy” rating in a research note on Friday, October 6th. Maxim Group decreased their target price on shares of QCR Holdings from $53.00 to $51.00 and set a “buy” rating for the company in a research note on Friday, November 3rd. BidaskClub lowered shares of QCR Holdings from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 12th. ValuEngine lowered shares of QCR Holdings from a “buy” rating to a “hold” rating in a research note on Thursday, November 9th. Finally, Keefe, Bruyette & Woods set a $52.00 target price on shares of QCR Holdings and gave the company a “buy” rating in a research note on Saturday, July 22nd. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $52.67.
About QCR Holdings
QCR Holdings, Inc is a multi-bank holding company. The Company serves the Quad Cities, Cedar Rapids, Waterloo/Cedar Falls, Des Moines/Ankeny and Rockford communities through its banking subsidiaries, Quad City Bank and Trust Company (QCBT), Cedar Rapids Bank and Trust Company (CRBT), Community State Bank (CSB), Rockford Bank and Trust Company (RB&T), and Guaranty Bank and Trust Company, which provide full-service commercial and consumer banking and trust and asset management services.
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