QCR Holdings, Inc. (NASDAQ:QCRH) Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP trimmed its holdings in shares of QCR Holdings, Inc. (NASDAQ:QCRH) by 1.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,031,991 shares of the bank’s stock after selling 18,097 shares during the quarter. Dimensional Fund Advisors LP owned approximately 6.12% of QCR worth $83,220,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. JPMorgan Chase & Co. lifted its stake in QCR by 10.3% in the 4th quarter. JPMorgan Chase & Co. now owns 465,282 shares of the bank’s stock valued at $37,520,000 after buying an additional 43,439 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of QCR by 0.3% in the fourth quarter. Geode Capital Management LLC now owns 402,487 shares of the bank’s stock valued at $32,464,000 after acquiring an additional 1,294 shares in the last quarter. American Century Companies Inc. boosted its stake 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. Schroder Investment Management Group increased its position in shares of QCR by 29.0% during the fourth quarter. Schroder Investment Management Group now owns 150,525 shares of the bank’s stock worth $12,141,000 after purchasing an additional 33,806 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in QCR by 6.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 145,990 shares of the bank’s stock valued at $11,773,000 after purchasing an additional 9,292 shares during the last quarter. Hedge funds and other institutional investors own 70.01% of the company’s stock.

Insider Buying and Selling at QCR

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

QCR Stock Up 1.4 %

NASDAQ QCRH opened at $65.66 on Wednesday. The company has a quick ratio of 0.99, a current ratio of 1.02 and a debt-to-equity ratio of 0.67. QCR Holdings, Inc. has a 52 week low of $54.75 and a 52 week high of $96.08. The business’s fifty day simple moving average is $70.03 and its 200-day simple moving average is $78.45. The firm has a market cap of $1.11 billion, a PE ratio of 9.79 and a beta of 0.81.

QCR (NASDAQ:QCRH) last released its quarterly earnings data on Tuesday, April 22nd. The bank reported $1.53 EPS for the quarter, beating analysts’ consensus estimates of $1.52 by $0.01. The firm had revenue of $76.88 million for the quarter, compared to analysts’ expectations of $94.01 million. QCR had a return on equity of 12.68% and a net margin of 19.06%. During the same period in the prior year, the firm posted $1.59 earnings per share. As a group, equities analysts anticipate that QCR Holdings, Inc. will post 6.82 earnings per share for the current year.

QCR Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Wednesday, March 19th were issued a $0.06 dividend. The ex-dividend date of this dividend was Wednesday, March 19th. This represents a $0.24 annualized dividend and a yield of 0.37%. QCR’s dividend payout ratio (DPR) is currently 3.61%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Keefe, Bruyette & Woods dropped their target price on shares of QCR from $99.00 to $90.00 and set an “outperform” rating for the company in a report on Thursday, April 24th. Piper Sandler dropped their price objective on shares of QCR from $98.00 to $88.00 and set an “overweight” rating for the company in a research note on Thursday, April 24th. Finally, Raymond James set a $78.00 target price on shares of QCR and gave the stock an “outperform” rating in a research note on Thursday, April 24th.

About QCR

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.