SG Americas Securities LLC Sells 5,632 Shares of QCR Holdings, Inc. $QCRH

SG Americas Securities LLC lowered its position in shares of QCR Holdings, Inc. (NASDAQ:QCRH) by 67.6% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,695 shares of the bank’s stock after selling 5,632 shares during the quarter. SG Americas Securities LLC’s holdings in QCR were worth $230,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Kennedy Capital Management LLC increased its position in QCR by 9.7% in the fourth quarter. Kennedy Capital Management LLC now owns 762,068 shares of the bank’s stock worth $63,480,000 after purchasing an additional 67,517 shares during the period. Endeavour Capital Advisors Inc. lifted its position in QCR by 23.3% during the 4th quarter. Endeavour Capital Advisors Inc. now owns 328,497 shares of the bank’s stock valued at $27,364,000 after purchasing an additional 62,032 shares during the period. Wellington Management Group LLP boosted its stake in shares of QCR by 0.5% in the 3rd quarter. Wellington Management Group LLP now owns 243,762 shares of the bank’s stock valued at $18,438,000 after purchasing an additional 1,118 shares during the last quarter. Bridgeway Capital Management LLC boosted its stake in shares of QCR by 2.1% in the 3rd quarter. Bridgeway Capital Management LLC now owns 174,571 shares of the bank’s stock valued at $13,205,000 after purchasing an additional 3,568 shares during the last quarter. Finally, Qube Research & Technologies Ltd grew its position in shares of QCR by 28.4% during the 2nd quarter. Qube Research & Technologies Ltd now owns 155,127 shares of the bank’s stock worth $10,533,000 after buying an additional 34,346 shares during the period. Institutional investors and hedge funds own 70.01% of the company’s stock.

Insiders Place Their Bets

In other QCR news, insider James D. Klein sold 310 shares of the business’s stock in a transaction dated 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 transaction, the insider directly owned 428 shares of the company’s stock, valued at approximately $38,948. The trade was a 42.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Laura L. Ekizian sold 750 shares of the firm’s stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $94.96, for a total value of $71,220.00. Following the sale, the chief executive officer directly owned 6,093 shares in the company, valued at approximately $578,591.28. This represents a 10.96% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 3.20% of the company’s stock.

QCR Trading Up 0.5%

Shares of QCR stock traded up $0.47 during trading on Friday, hitting $96.50. 78,309 shares of the company were exchanged, compared to its average volume of 129,816. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.96 and a quick ratio of 0.89. The firm has a market capitalization of $1.59 billion, a P/E ratio of 12.09 and a beta of 0.75. The firm’s fifty day moving average price is $93.36 and its 200 day moving average price is $89.55. QCR Holdings, Inc. has a 1-year low of $66.65 and a 1-year high of $99.87.

QCR (NASDAQ:QCRH) last announced its quarterly earnings results on Wednesday, April 22nd. The bank reported $1.99 earnings per share for the quarter, beating analysts’ consensus estimates of $1.78 by $0.21. The business 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%. As a group, sell-side analysts expect that QCR Holdings, Inc. will post 8.13 earnings per share for the current fiscal year.

QCR Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, July 3rd. Shareholders of record on Thursday, June 18th were issued a $0.10 dividend. The ex-dividend date was Thursday, June 18th. This represents a $0.40 annualized dividend and a yield of 0.4%. QCR’s dividend payout ratio (DPR) is 5.01%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on QCRH shares. Weiss Ratings reissued a “buy (b)” rating on shares of QCR in a research note on Monday, July 6th. Piper Sandler reduced their price objective on shares of QCR from $108.00 to $107.00 and set an “overweight” rating on the stock in a research note on Monday, April 27th. Finally, Raymond James Financial reaffirmed an “outperform” rating and set a $99.00 target price on shares of QCR in a report 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 company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $101.00.

QCR Company 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.