OP Asset Management Ltd Purchases Shares of 9,427 QCR Holdings, Inc. $QCRH

OP Asset Management Ltd purchased a new position in shares of QCR Holdings, Inc. (NASDAQ:QCRH) in the 1st quarter, HoldingsChannel.com reports. The institutional investor purchased 9,427 shares of the bank’s stock, valued at approximately $806,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Hsbc Holdings PLC purchased a new position in shares of QCR during the 4th quarter valued at about $1,245,000. Fuller & Thaler Asset Management Inc. lifted its position in QCR by 52.0% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 99,727 shares of the bank’s stock worth $8,307,000 after buying an additional 34,132 shares during the last quarter. Voloridge Investment Management LLC purchased a new stake in QCR in the fourth quarter worth approximately $202,000. Susquehanna Fundamental Investments LLC boosted its stake in QCR by 46.7% in the fourth quarter. Susquehanna Fundamental Investments LLC now owns 13,265 shares of the bank’s stock worth $1,105,000 after buying an additional 4,225 shares in the last quarter. Finally, Cetera Investment Advisers boosted its stake in QCR by 2.6% in the fourth quarter. Cetera Investment Advisers now owns 4,883 shares of the bank’s stock worth $407,000 after buying an additional 122 shares in the last quarter. 70.01% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Piper Sandler decreased their price target on shares of QCR from $108.00 to $107.00 and set an “overweight” rating on the stock in a research note on Monday, April 27th. Raymond James Financial reaffirmed an “outperform” rating and issued a $99.00 price objective on shares of QCR in a research note on Monday, April 27th. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, QCR has an average rating of “Moderate Buy” and a consensus target price of $101.00.

Insider Buying and Selling

In other news, insider James D. Klein sold 310 shares of the firm’s stock in a transaction that occurred on Thursday, April 30th. The shares were sold at an average price of $91.00, for a total value of $28,210.00. Following the transaction, the insider owned 428 shares in the company, valued at approximately $38,948. This trade represents a 42.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Laura L. Ekizian sold 750 shares of QCR stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $94.96, for a total transaction of $71,220.00. Following the completion of the transaction, the chief executive officer directly owned 6,093 shares in the company, valued at approximately $578,591.28. The trade was a 10.96% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 3.20% of the company’s stock.

QCR Stock Down 1.7%

QCRH opened at $96.64 on Tuesday. The company has a market cap of $1.60 billion, a P/E ratio of 12.11 and a beta of 0.76. The business’s 50-day moving average price is $92.28 and its 200-day moving average price is $88.93. The company has a current ratio of 0.96, a quick ratio of 0.89 and a debt-to-equity ratio of 0.37. QCR Holdings, Inc. has a 12 month low of $66.16 and a 12 month high of $98.76.

QCR (NASDAQ:QCRH) last issued its earnings results on Wednesday, April 22nd. The bank reported $1.99 earnings per share for the quarter, beating the consensus estimate of $1.78 by $0.21. QCR had a return on equity of 12.54% and a net margin of 21.98%.The company had revenue of $89.52 million during the quarter, compared to analysts’ expectations of $105.42 million. On average, equities analysts expect that QCR Holdings, Inc. will post 8.13 EPS for the current year.

QCR Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 3rd. Shareholders of record on Thursday, June 18th will be given a $0.10 dividend. The ex-dividend date is Thursday, June 18th. This represents a $0.40 annualized dividend and a yield of 0.4%. QCR’s payout ratio is presently 5.01%.

About QCR

QCR Holdings, Inc, headquartered in Moline, Illinois, is a bank holding company that delivers community banking services through its wholly owned subsidiary, QCR Bank. The company focuses on serving individuals, small to medium-sized businesses and municipal clients in select Midwestern markets.

QCR Bank offers a broad array of deposit and lending products, including personal and business checking and savings accounts, commercial real estate loans, equipment financing, mortgage lending and treasury management solutions.