Lido Advisors LLC Grows Stock Holdings in QCR Holdings, Inc. $QCRH

Lido Advisors LLC lifted its stake in QCR Holdings, Inc. (NASDAQ:QCRH) by 28.6% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,500 shares of the bank’s stock after purchasing an additional 5,233 shares during the quarter. Lido Advisors LLC owned about 0.14% of QCR worth $2,008,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in QCRH. AQR Capital Management LLC boosted its holdings in QCR by 20.7% in the first quarter. AQR Capital Management LLC now owns 38,470 shares of the bank’s stock worth $2,744,000 after acquiring an additional 6,607 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of QCR by 4.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,729 shares of the bank’s stock worth $694,000 after purchasing an additional 403 shares during the last quarter. Millennium Management LLC boosted its stake in QCR by 124.5% in the 1st quarter. Millennium Management LLC now owns 98,583 shares of the bank’s stock worth $7,031,000 after purchasing an additional 54,678 shares in the last quarter. Jane Street Group LLC boosted its stake in QCR by 106.5% in the 1st quarter. Jane Street Group LLC now owns 30,052 shares of the bank’s stock worth $2,143,000 after purchasing an additional 15,501 shares in the last quarter. Finally, Legal & General Group Plc boosted its stake in QCR by 1.0% in the 2nd quarter. Legal & General Group Plc now owns 17,366 shares of the bank’s stock worth $1,179,000 after purchasing an additional 165 shares in the last quarter. Hedge funds and other institutional investors own 70.01% of the company’s stock.

Insiders Place Their Bets

In related news, 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 value of $71,220.00. Following the completion of the sale, the chief executive officer owned 6,093 shares of the company’s stock, valued at $578,591.28. The trade was a 10.96% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider James D. Klein sold 310 shares of QCR stock in a transaction on Thursday, April 30th. The stock was sold at an average price of $91.00, for a total value of $28,210.00. Following the completion of the sale, the insider directly owned 428 shares of the company’s stock, valued at $38,948. The trade was a 42.01% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 3.20% of the company’s stock.

QCR Price Performance

QCRH opened at $100.15 on Monday. The company’s 50-day simple moving average is $94.91 and its two-hundred day simple moving average is $90.55. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.89 and a current ratio of 0.96. The stock has a market capitalization of $1.65 billion, a P/E ratio of 11.84 and a beta of 0.75. QCR Holdings, Inc. has a 52-week low of $66.65 and a 52-week high of $101.42.

QCR (NASDAQ:QCRH) last announced its quarterly earnings results on Wednesday, July 22nd. The bank reported $2.19 EPS for the quarter, topping analysts’ consensus estimates of $1.91 by $0.28. QCR had a net margin of 22.86% and a return on equity of 13.00%. The firm had revenue of $97.34 million during the quarter, compared to analyst estimates of $104.10 million. As a group, analysts predict that QCR Holdings, Inc. will post 8.13 EPS for the current year.

QCR Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, July 3rd. Stockholders of record on Thursday, June 18th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date was Thursday, June 18th. QCR’s dividend payout ratio (DPR) is 4.73%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Piper Sandler reduced their price objective on shares of QCR from $108.00 to $107.00 and set an “overweight” rating for the company in a research note on Monday, April 27th. Raymond James Financial reiterated an “outperform” rating and issued a $99.00 target price on shares of QCR in a research note on Monday, April 27th. Keefe, Bruyette & Woods increased their price target on shares of QCR from $105.00 to $108.00 and gave the company an “outperform” rating in a report on Friday. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of QCR in a research report on Monday, July 6th. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $102.50.

QCR Profile

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.