Legato Capital Management LLC Sells 6,596 Shares of QCR Holdings, Inc. $QCRH

Legato Capital Management LLC trimmed its position in shares of QCR Holdings, Inc. (NASDAQ:QCRH) by 25.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,163 shares of the bank’s stock after selling 6,596 shares during the quarter. Legato Capital Management LLC owned 0.11% of QCR worth $1,596,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Farther Finance Advisors LLC lifted its holdings in shares of QCR by 34.6% during the 4th quarter. Farther Finance Advisors LLC now owns 576 shares of the bank’s stock valued at $48,000 after buying an additional 148 shares during the period. Legal & General Group Plc lifted its holdings in shares of QCR by 1.0% during the 2nd quarter. Legal & General Group Plc now owns 17,366 shares of the bank’s stock valued at $1,179,000 after buying an additional 165 shares during the period. State of New Jersey Common Pension Fund D lifted its holdings in shares of QCR by 0.7% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 28,395 shares of the bank’s stock valued at $2,365,000 after buying an additional 185 shares during the period. ProShare Advisors LLC lifted its holdings in shares of QCR by 6.9% during the 4th quarter. ProShare Advisors LLC now owns 3,023 shares of the bank’s stock valued at $252,000 after buying an additional 195 shares during the period. Finally, Swiss National Bank lifted its holdings in shares of QCR by 1.2% during the 3rd quarter. Swiss National Bank now owns 32,739 shares of the bank’s stock valued at $2,476,000 after buying an additional 400 shares during the period. 70.01% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. DA Davidson increased their price target on QCR from $92.00 to $96.00 and gave the company a “neutral” rating in a report on Thursday, January 29th. Raymond James Financial restated an “outperform” rating and issued a $99.00 price objective on shares of QCR in a research note on Monday, April 27th. Keefe, Bruyette & Woods upped their price objective on QCR from $92.00 to $102.00 and gave the stock an “outperform” rating in a research note on Thursday, January 29th. Weiss Ratings upgraded QCR from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, February 2nd. Finally, Piper Sandler reduced their price objective on QCR from $108.00 to $107.00 and set an “overweight” rating for the company in a research note on Monday, April 27th. 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, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $101.00.

QCR Trading Down 0.2%

Shares of QCRH stock opened at $90.88 on Friday. QCR Holdings, Inc. has a 52-week low of $63.68 and a 52-week high of $96.00. 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 firm has a market capitalization of $1.50 billion, a PE ratio of 11.39 and a beta of 0.77. The stock has a fifty day simple moving average of $88.01 and a two-hundred day simple moving average of $86.27.

QCR (NASDAQ:QCRH) last issued its quarterly earnings results on Wednesday, April 22nd. The bank reported $1.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.78 by $0.21. QCR had a return on equity of 12.54% and a net margin of 21.98%.The business had revenue of $89.52 million during the quarter, compared to analyst estimates of $105.42 million. On average, analysts predict that QCR Holdings, Inc. will post 8.13 EPS for the current fiscal year.

Insider Transactions at QCR

In other QCR news, insider James D. Klein sold 310 shares of the 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 owned 428 shares in the company, valued at approximately $38,948. This represents a 42.01% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 3.20% of the company’s stock.

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.