Endeavour Capital Advisors Inc. reduced its stake in QCR Holdings, Inc. (NASDAQ:QCRH) by 6.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 29,714 shares of the bank’s stock after selling 1,898 shares during the period. QCR accounts for 0.5% of Endeavour Capital Advisors Inc.’s holdings, making the stock its 28th biggest holding. Endeavour Capital Advisors Inc. owned 0.21% of QCR worth $1,273,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. boosted its holdings in QCR by 64.8% during the fourth quarter. Goldman Sachs Group Inc. now owns 25,790 shares of the bank’s stock worth $1,105,000 after purchasing an additional 10,137 shares during the last quarter. Stone Ridge Asset Management LLC bought a new stake in QCR in the fourth quarter worth about $232,000. Brandywine Global Investment Management LLC bought a new stake in QCR in the fourth quarter worth about $275,000. Thrivent Financial For Lutherans raised its position in shares of QCR by 38.3% in the fourth quarter. Thrivent Financial For Lutherans now owns 56,424 shares of the bank’s stock valued at $2,418,000 after purchasing an additional 15,623 shares during the period. Finally, Renaissance Technologies LLC increased its holdings in QCR by 2.1% during the 4th quarter. Renaissance Technologies LLC now owns 381,200 shares of the bank’s stock worth $16,334,000 after acquiring an additional 7,700 shares during the period. Institutional investors and hedge funds own 61.11% of the company’s stock.
A number of research firms have commented on QCRH. ValuEngine raised shares of QCR from a “hold” rating to a “buy” rating in a research note on Friday, March 2nd. BidaskClub cut shares of QCR from a “hold” rating to a “sell” rating in a research note on Thursday, January 4th. Maxim Group reaffirmed a “buy” rating and issued a $53.00 price objective on shares of QCR in a research note on Friday, February 2nd. Stephens set a $53.00 price objective on shares of QCR and gave the company a “buy” rating in a research note on Monday, February 5th. Finally, Piper Jaffray Companies set a $52.00 price objective on shares of QCR and gave the company a “buy” rating in a research note on Monday, February 5th. One research analyst has rated the stock with a sell rating and six have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $53.60.
QCR (NASDAQ:QCRH) last issued its quarterly earnings data on Thursday, February 1st. The bank reported $0.70 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.66 by $0.04. QCR had a net margin of 21.51% and a return on equity of 12.09%. The business had revenue of $41.51 million during the quarter, compared to analyst estimates of $39.74 million. sell-side analysts predict that QCR Holdings, Inc. will post 3.24 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 4th. Investors of record on Friday, March 16th will be paid a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.51%. This is a positive change from QCR’s previous quarterly dividend of $0.05. The ex-dividend date is Thursday, March 15th. QCR’s dividend payout ratio (DPR) is presently 7.66%.
In related news, CEO Thomas D. Budd sold 997 shares of the stock in a transaction dated Thursday, December 14th. The shares were sold at an average price of $44.33, for a total value of $44,197.01. Following the completion of the transaction, the chief executive officer now directly owns 4,208 shares in the company, valued at approximately $186,540.64. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Douglas M. Hultquist sold 2,036 shares of the stock in a transaction dated Wednesday, January 31st. The stock was sold at an average price of $43.90, for a total transaction of $89,380.40. Following the completion of the transaction, the chief executive officer now owns 77,404 shares of the company’s stock, valued at $3,398,035.60. The disclosure for this sale can be found here. Over the last quarter, insiders sold 6,868 shares of company stock valued at $302,774. 8.80% of the stock is owned by company insiders.
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QCR Holdings, Inc is a multi-bank holding company. The Company serves the Quad Cities, Cedar Rapids, Waterloo/Cedar Falls, Des Moines/Ankeny and Rockford communities through its banking subsidiaries, Quad City Bank and Trust Company (QCBT), Cedar Rapids Bank and Trust Company (CRBT), Community State Bank (CSB), Rockford Bank and Trust Company (RB&T), and Guaranty Bank and Trust Company, which provide full-service commercial and consumer banking and trust and asset management services.
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