QCR Holdings, Inc. $QCRH Shares Purchased by Wellington Management Group LLP

Wellington Management Group LLP boosted its position in QCR Holdings, Inc. (NASDAQ:QCRH) by 18.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 284,295 shares of the bank’s stock after buying an additional 44,106 shares during the period. Wellington Management Group LLP owned approximately 1.74% of QCR worth $27,676,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the business. Kennedy Capital Management LLC grew its position in QCR by 9.7% during the 4th quarter. Kennedy Capital Management LLC now owns 762,068 shares of the bank’s stock worth $63,480,000 after purchasing an additional 67,517 shares during the period. Endeavour Capital Advisors Inc. lifted its holdings in shares of QCR by 23.3% in the 4th quarter. Endeavour Capital Advisors Inc. now owns 328,497 shares of the bank’s stock valued at $27,364,000 after buying an additional 62,032 shares during the period. Bridgeway Capital Management LLC boosted its stake in shares of QCR by 2.1% in the third quarter. Bridgeway Capital Management LLC now owns 174,571 shares of the bank’s stock worth $13,205,000 after buying an additional 3,568 shares during the last quarter. Qube Research & Technologies Ltd boosted its stake in shares of QCR by 28.4% in the second quarter. Qube Research & Technologies Ltd now owns 155,127 shares of the bank’s stock worth $10,533,000 after buying an additional 34,346 shares during the last quarter. Finally, Rhino Investment Partners Inc grew its holdings in QCR by 122.1% during the first quarter. Rhino Investment Partners Inc now owns 133,324 shares of the bank’s stock worth $11,393,000 after acquiring an additional 73,308 shares during the period. 70.01% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, CEO Laura Ekizian sold 750 shares of the business’s stock in a transaction that occurred 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 sale, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.20% of the stock is owned by corporate insiders.

QCR Stock Performance

NASDAQ:QCRH opened at $102.69 on Friday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.98 and a current ratio of 0.98. The stock has a market capitalization of $1.68 billion, a PE ratio of 12.14 and a beta of 0.73. QCR Holdings, Inc. has a fifty-two week low of $66.65 and a fifty-two week high of $108.11. The company has a fifty day moving average of $100.55 and a two-hundred day moving average of $93.49.

QCR (NASDAQ:QCRH) last issued its quarterly earnings results on Wednesday, July 22nd. The bank reported $2.19 earnings per share for the quarter, beating analysts’ consensus estimates of $1.91 by $0.28. QCR had a net margin of 22.86% and a return on equity of 12.87%. The firm had revenue of $97.34 million for the quarter, compared to analyst estimates of $104.10 million. As a group, research analysts forecast that QCR Holdings, Inc. will post 8.5 earnings per share for the current fiscal year.

QCR Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, October 5th. Stockholders of record on Friday, September 18th will be paid a $0.15 dividend. This is a boost from QCR’s previous quarterly dividend of $0.10. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend is Friday, September 18th. QCR’s dividend payout ratio is presently 4.73%.

Analysts Set New Price Targets

Several equities research analysts have commented on QCRH shares. Piper Sandler restated an “overweight” rating and issued a $123.00 price objective (up from $107.00) on shares of QCR in a research report on Monday, July 27th. DA Davidson lifted their target price on shares of QCR from $97.00 to $105.00 and gave the company a “neutral” rating in a report on Monday, July 27th. Weiss Ratings reiterated a “buy (b)” rating on shares of QCR in a research note on Monday, July 6th. Finally, Keefe, Bruyette & Woods raised their price target on shares of QCR from $105.00 to $108.00 and gave the company an “outperform” rating in a research report on Friday, July 24th. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, QCR currently has a consensus rating of “Moderate Buy” and an average price target of $108.75.

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.