LSV Asset Management Sells 9,900 Shares of QCR Holdings, Inc. (NASDAQ:QCRH)

LSV Asset Management trimmed its position in shares of QCR Holdings, Inc. (NASDAQ:QCRH) by 10.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 81,100 shares of the bank’s stock after selling 9,900 shares during the period. LSV Asset Management owned approximately 0.48% of QCR worth $6,540,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Raymond James Financial Inc. bought a new stake in shares of QCR during the fourth quarter valued at approximately $3,979,000. Invesco Ltd. boosted its stake in QCR by 9.8% during the fourth quarter. Invesco Ltd. now owns 34,575 shares of the bank’s stock worth $2,788,000 after buying an additional 3,083 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in QCR during the fourth quarter worth $829,000. Wells Fargo & Company MN increased its holdings in QCR by 15.3% in the 4th quarter. Wells Fargo & Company MN now owns 14,967 shares of the bank’s stock valued at $1,207,000 after buying an additional 1,991 shares during the period. Finally, ExodusPoint Capital Management LP raised its stake in shares of QCR by 48.9% in the 4th quarter. ExodusPoint Capital Management LP now owns 16,255 shares of the bank’s stock valued at $1,311,000 after buying an additional 5,338 shares in the last quarter. Institutional investors and hedge funds own 70.01% of the company’s stock.

QCR Price Performance

QCR stock opened at $63.60 on Monday. The business has a 50 day simple moving average of $72.84 and a 200 day simple moving average of $79.18. 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 company has a market capitalization of $1.07 billion, a PE ratio of 9.48 and a beta of 0.81. QCR Holdings, Inc. has a one year low of $54.37 and a one year high of $96.08.

QCR (NASDAQ:QCRH) last issued its quarterly earnings data on Wednesday, January 22nd. The bank reported $1.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.74 by $0.19. QCR had a return on equity of 12.68% and a net margin of 19.06%. On average, sell-side analysts forecast that QCR Holdings, Inc. will post 6.82 EPS for the current fiscal year.

QCR Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Wednesday, March 19th were paid a dividend of $0.06 per share. The ex-dividend date of this dividend was Wednesday, March 19th. This represents a $0.24 annualized dividend and a yield of 0.38%. QCR’s dividend payout ratio is 3.58%.

Analyst Ratings Changes

Separately, Raymond James decreased their target price on shares of QCR from $95.00 to $82.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 2nd.

Insider Transactions at QCR

In other QCR news, EVP Nicole A. Lee purchased 1,094 shares of the company’s stock in a transaction that occurred on Wednesday, January 29th. The stock was purchased at an average cost of $78.47 per share, with a total value of $85,846.18. Following the acquisition, the executive vice president now directly owns 1,881 shares of the company’s stock, valued at approximately $147,602.07. This trade represents a 139.01 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Also, insider James D. Klein sold 630 shares of QCR stock in a transaction 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 completion of the transaction, the insider now owns 428 shares of the company’s stock, valued at approximately $31,415.20. The trade was a 59.55 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 3.70% of the company’s stock.

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.