Hsbc Holdings PLC Invests $1.25 Million in QCR Holdings, Inc. $QCRH

Hsbc Holdings PLC bought a new stake in QCR Holdings, Inc. (NASDAQ:QCRH) in the 4th quarter, HoldingsChannel.com reports. The firm bought 15,000 shares of the bank’s stock, valued at approximately $1,245,000.

A number of other hedge funds have also recently modified their holdings of the stock. Cetera Investment Advisers raised its stake in QCR by 2.6% during the 4th quarter. Cetera Investment Advisers now owns 4,883 shares of the bank’s stock worth $407,000 after acquiring an additional 122 shares in the last quarter. Farther Finance Advisors LLC boosted its stake in QCR by 34.6% in the fourth quarter. Farther Finance Advisors LLC now owns 576 shares of the bank’s stock valued at $48,000 after acquiring an additional 148 shares in the last quarter. Legal & General Group Plc grew its holdings in shares of QCR by 1.0% during the second 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 during the last quarter. State of New Jersey Common Pension Fund D increased its position in shares of QCR by 0.7% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 28,395 shares of the bank’s stock worth $2,365,000 after purchasing an additional 185 shares in the last quarter. Finally, LPL Financial LLC lifted its holdings in shares of QCR by 3.8% in the 4th quarter. LPL Financial LLC now owns 5,208 shares of the bank’s stock valued at $434,000 after purchasing an additional 191 shares during the last quarter. 70.01% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

QCRH has been the subject of a number of research analyst reports. Weiss Ratings reissued a “buy (b)” rating on shares of QCR in a research report on Monday, July 6th. Raymond James Financial reiterated an “outperform” rating and issued a $99.00 price objective on shares of QCR in a research note on Monday, April 27th. Finally, Piper Sandler decreased their price objective on QCR from $108.00 to $107.00 and set an “overweight” rating for the company 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, QCR presently has an average rating of “Moderate Buy” and a consensus target price of $101.00.

Insider Transactions at QCR

In other news, insider James D. Klein sold 310 shares of the business’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 transaction of $28,210.00. Following the sale, the insider owned 428 shares of the company’s stock, valued at $38,948. The trade was a 42.01% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Laura L. Ekizian sold 750 shares of the company’s stock in a transaction that occurred 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 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 Price Performance

Shares of NASDAQ QCRH opened at $96.50 on Monday. The firm has a market capitalization of $1.59 billion, a P/E ratio of 12.09 and a beta of 0.75. QCR Holdings, Inc. has a one year low of $66.65 and a one year high of $99.87. The company’s fifty day moving average is $93.36 and its two-hundred day moving average is $89.58. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.89 and a current ratio of 0.96.

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

QCR Dividend Announcement

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

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.