QCR Holdings, Inc. $QCRH Shares Sold by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. trimmed its holdings in shares of QCR Holdings, Inc. (NASDAQ:QCRH) by 45.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 10,206 shares of the bank’s stock after selling 8,496 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in QCR were worth $693,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Victory Capital Management Inc. grew its position in QCR by 10.5% in the 1st quarter. Victory Capital Management Inc. now owns 21,953 shares of the bank’s stock valued at $1,566,000 after buying an additional 2,090 shares in the last quarter. Legato Capital Management LLC lifted its stake in shares of QCR by 13.7% in the 1st quarter. Legato Capital Management LLC now owns 20,189 shares of the bank’s stock worth $1,440,000 after acquiring an additional 2,430 shares during the period. Meeder Asset Management Inc. bought a new position in shares of QCR in the first quarter valued at approximately $337,000. GSA Capital Partners LLP increased its stake in shares of QCR by 32.7% during the first quarter. GSA Capital Partners LLP now owns 12,908 shares of the bank’s stock valued at $921,000 after acquiring an additional 3,178 shares during the period. Finally, XTX Topco Ltd bought a new stake in QCR during the first quarter worth approximately $577,000. 70.01% of the stock is currently owned by institutional investors.

Insider Activity

In related news, CEO Laura L. Ekizian sold 333 shares of the company’s stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $80.00, for a total value of $26,640.00. Following the completion of the sale, the chief executive officer owned 5,632 shares in the company, valued at approximately $450,560. This represents a 5.58% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.70% of the stock is owned by corporate insiders.

QCR Trading Up 0.5%

Shares of NASDAQ QCRH opened at $75.96 on Wednesday. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.48. QCR Holdings, Inc. has a 12 month low of $60.83 and a 12 month high of $96.08. The company has a market cap of $1.28 billion, a price-to-earnings ratio of 10.61 and a beta of 0.87. The business has a fifty day simple moving average of $75.30 and a 200-day simple moving average of $72.76.

QCR (NASDAQ:QCRH) last posted its quarterly earnings data on Friday, November 7th. The bank reported $2.17 earnings per share (EPS) for the quarter. QCR had a return on equity of 12.22% and a net margin of 20.64%.The firm had revenue of $101.45 million for the quarter. Sell-side analysts predict that QCR Holdings, Inc. will post 6.82 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Zacks Research raised QCR from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 27th. Weiss Ratings cut QCR from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, November 13th. Wall Street Zen raised QCR from a “sell” rating to a “hold” rating in a report on Saturday, July 26th. Raymond James Financial reissued an “outperform” rating and issued a $88.00 price target (up from $85.00) on shares of QCR in a report on Monday, October 27th. Finally, Piper Sandler lifted their price objective on shares of QCR from $92.50 to $97.00 and gave the stock an “overweight” rating in a research note on Monday, October 27th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $90.00.

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.