QCR Holdings, Inc. (NASDAQ:QCRH) Shares Sold by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company cut its holdings in QCR Holdings, Inc. (NASDAQ:QCRH) by 1.0% during the 4th quarter, Holdings Channel reports. The firm owned 231,032 shares of the bank’s stock after selling 2,270 shares during the period. The Manufacturers Life Insurance Company’s holdings in QCR were worth $18,630,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Farther Finance Advisors LLC acquired a new stake in QCR during the 4th quarter valued at $35,000. R Squared Ltd purchased a new stake in shares of QCR in the fourth quarter valued at $64,000. LPL Financial LLC acquired a new stake in shares of QCR during the fourth quarter valued at $263,000. Aquatic Capital Management LLC increased its position in QCR by 109.9% during the 4th quarter. Aquatic Capital Management LLC now owns 3,569 shares of the bank’s stock worth $288,000 after purchasing an additional 1,869 shares in the last quarter. Finally, KLP Kapitalforvaltning AS acquired a new position in QCR in the 4th quarter valued at about $307,000. 70.01% of the stock is owned by hedge funds and other institutional investors.

QCR Stock Up 1.9 %

QCRH opened at $66.37 on Friday. QCR Holdings, Inc. has a 12 month low of $54.75 and a 12 month high of $96.08. The business has a 50-day moving average of $69.39 and a two-hundred day moving average of $78.17. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.02 and a quick ratio of 0.99. The stock has a market capitalization of $1.12 billion, a price-to-earnings ratio of 9.89 and a beta of 0.81.

QCR (NASDAQ:QCRH) last released its earnings results on Tuesday, April 22nd. The bank reported $1.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.52 by $0.01. The firm had revenue of $76.88 million during the quarter, compared to the consensus estimate of $94.01 million. QCR had a net margin of 19.06% and a return on equity of 12.68%. During the same period in the previous year, the firm earned $1.59 earnings per share. On average, research analysts expect that QCR Holdings, Inc. will post 6.82 earnings per share for the current year.

QCR Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Wednesday, March 19th were given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 0.36%. The ex-dividend date of this dividend was Wednesday, March 19th. QCR’s dividend payout ratio (DPR) is presently 3.61%.

Insiders Place Their Bets

In related news, insider James D. Klein sold 630 shares of the firm’s stock in a transaction that occurred on Friday, March 14th. The shares were 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 in the company, valued at approximately $31,415.20. This trade represents a 59.55 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Larry J. Helling purchased 1,000 shares of QCR stock in a transaction on Monday, April 28th. The shares were acquired at an average cost of $64.53 per share, for a total transaction of $64,530.00. Following the completion of the transaction, the chief executive officer now owns 40,264 shares of the company’s stock, valued at $2,598,235.92. This represents a 2.55 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 3.70% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research firms have issued reports on QCRH. Keefe, Bruyette & Woods decreased their price target on shares of QCR from $99.00 to $90.00 and set an “outperform” rating on the stock in a research note on Thursday, April 24th. Piper Sandler lowered their target price 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 price target on QCR and gave the stock an “outperform” rating in a research note on Thursday, April 24th.

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.