QCR Holdings, Inc. (NASDAQ:QCRH) Shares Sold by Elizabeth Park Capital Advisors Ltd.

Elizabeth Park Capital Advisors Ltd. decreased its position in QCR Holdings, Inc. (NASDAQ:QCRH) by 2.5% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 116,250 shares of the bank’s stock after selling 3,018 shares during the period. QCR comprises approximately 7.6% of Elizabeth Park Capital Advisors Ltd.’s portfolio, making the stock its biggest holding. Elizabeth Park Capital Advisors Ltd. owned 0.69% of QCR worth $9,374,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in QCRH. Charles Schwab Investment Management Inc. increased its holdings in QCR by 1.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 136,698 shares of the bank’s stock valued at $10,120,000 after acquiring an additional 2,328 shares in the last quarter. BNP Paribas Financial Markets increased its stake in shares of QCR by 30.1% during the 3rd quarter. BNP Paribas Financial Markets now owns 4,372 shares of the bank’s stock worth $324,000 after purchasing an additional 1,012 shares in the last quarter. Centiva Capital LP acquired a new position in shares of QCR during the 3rd quarter worth approximately $441,000. Point72 Asset Management L.P. purchased a new stake in QCR in the 3rd quarter valued at approximately $54,000. Finally, Point72 DIFC Ltd acquired a new stake in QCR during the 3rd quarter valued at $65,000. Hedge funds and other institutional investors own 70.01% of the company’s stock.

Insider Transactions at QCR

In other QCR news, insider James D. Klein sold 630 shares of the business’s stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $73.40, for a total transaction of $46,242.00. Following the completion of the sale, 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Nicole A. Lee acquired 1,094 shares of QCR stock in a transaction dated Wednesday, January 29th. The stock was purchased at an average cost of $78.47 per share, for a total transaction of $85,846.18. Following the completion of the purchase, the executive vice president now directly owns 1,881 shares in the company, valued at approximately $147,602.07. This represents a 139.01 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 3.70% of the company’s stock.

QCR Stock Performance

Shares of QCRH opened at $64.60 on Friday. The company has a market capitalization of $1.09 billion, a price-to-earnings ratio of 9.63 and a beta of 0.81. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.99 and a current ratio of 1.02. QCR Holdings, Inc. has a 1 year low of $54.37 and a 1 year high of $96.08. The company’s 50 day simple moving average is $74.62 and its 200 day simple moving average is $79.65.

QCR (NASDAQ:QCRH) last posted its quarterly earnings data on Wednesday, January 22nd. The bank reported $1.93 earnings per share (EPS) for the quarter, topping the consensus estimate 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 predict that QCR Holdings, Inc. will post 6.82 EPS for the current year.

QCR Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Stockholders of record on Wednesday, March 19th were paid a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.37%. The ex-dividend date was Wednesday, March 19th. QCR’s dividend payout ratio is currently 3.58%.

Analyst Ratings Changes

Separately, Raymond James decreased their price objective on QCR from $95.00 to $82.00 and set an “outperform” rating on the stock in a research note on Wednesday.

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.