15,000 Shares in QCR Holdings, Inc. $QCRH Purchased by Hsbc Holdings PLC

Hsbc Holdings PLC bought a new stake in QCR Holdings, Inc. (NASDAQ:QCRH) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 15,000 shares of the bank’s stock, valued at approximately $1,245,000.

Several other hedge funds have also recently added to or reduced their stakes in QCRH. Assetmark Inc. purchased a new position in QCR in the 4th quarter valued at $37,000. Farther Finance Advisors LLC lifted its stake in shares of QCR by 34.6% in the fourth quarter. Farther Finance Advisors LLC now owns 576 shares of the bank’s stock worth $48,000 after buying an additional 148 shares in the last quarter. Kemnay Advisory Services Inc. purchased a new position in shares of QCR in the fourth quarter worth about $61,000. Quadrant Capital Group LLC acquired a new position in QCR during the third quarter worth about $72,000. Finally, Russell Investments Group Ltd. acquired a new position in QCR during the third quarter worth about $104,000. 70.01% of the stock is owned by institutional investors and hedge funds.

Insider Activity at QCR

In related news, insider James D. Klein sold 310 shares of the company’s stock in a transaction that occurred 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 transaction, the insider directly owned 428 shares in the company, valued at approximately $38,948. This represents a 42.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Laura L. Ekizian sold 750 shares of QCR stock in a transaction on Tuesday, June 9th. The shares were 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 in the company, valued at $578,591.28. This represents a 10.96% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 3.20% of the stock is currently owned by insiders.

QCR Trading Up 1.5%

Shares of QCRH opened at $98.85 on Thursday. The company has a current ratio of 0.96, a quick ratio of 0.89 and a debt-to-equity ratio of 0.37. QCR Holdings, Inc. has a 12-month low of $66.65 and a 12-month high of $99.43. The firm has a 50-day moving average price of $92.50 and a 200 day moving average price of $89.09. The firm has a market capitalization of $1.63 billion, a P/E ratio of 12.39 and a beta of 0.75.

QCR (NASDAQ:QCRH) last issued its earnings results on Wednesday, April 22nd. The bank reported $1.99 EPS for the quarter, topping analysts’ consensus estimates of $1.78 by $0.21. The company had revenue of $89.52 million for the quarter, compared to the consensus estimate of $105.42 million. QCR had a net margin of 21.98% and a return on equity of 12.54%. Sell-side analysts forecast that QCR Holdings, Inc. will post 8.13 EPS for the current year.

QCR Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 3rd. Stockholders of record on Thursday, June 18th will be issued a dividend of $0.10 per share. The ex-dividend date is Thursday, June 18th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.4%. QCR’s dividend payout ratio (DPR) is currently 5.01%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on QCRH shares. Piper Sandler dropped 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 reissued an “outperform” rating and issued a $99.00 target price on shares of QCR in a research note on Monday, April 27th. Four analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $101.00.

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.