Wellington Management Group LLP Sells 11,549 Shares of QCR Holdings, Inc. (NASDAQ:QCRH)

Wellington Management Group LLP cut its holdings in QCR Holdings, Inc. (NASDAQ:QCRH) by 4.6% during the 4th quarter, HoldingsChannel reports. The fund owned 241,903 shares of the bank’s stock after selling 11,549 shares during the quarter. Wellington Management Group LLP’s holdings in QCR were worth $19,507,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of QCRH. Farther Finance Advisors LLC acquired a new position in shares of QCR during the 4th quarter worth approximately $35,000. Point72 Asset Management L.P. bought a new stake in shares of QCR in the third quarter valued at approximately $54,000. R Squared Ltd acquired a new stake in QCR during the fourth quarter worth approximately $64,000. Point72 DIFC Ltd bought a new position in QCR during the 3rd quarter worth $65,000. Finally, Hohimer Wealth Management LLC acquired a new position in QCR in the 3rd quarter valued at $232,000. 70.01% of the stock is owned by institutional investors.

Insider Activity at QCR

In related news, EVP Nicole A. Lee bought 1,094 shares of the business’s stock in a transaction on Wednesday, January 29th. The shares were purchased at an average price of $78.47 per share, for a total transaction of $85,846.18. Following the completion of the transaction, the executive vice president now directly owns 1,881 shares of the company’s stock, valued at approximately $147,602.07. This represents a 139.01 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, insider James D. Klein sold 630 shares of the company’s stock in a transaction on Friday, March 14th. The stock was sold at an average price of $73.40, for a total transaction of $46,242.00. Following the transaction, the insider now owns 428 shares of the company’s stock, valued at $31,415.20. This trade represents a 59.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.70% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Separately, Raymond James reduced their target price on QCR from $95.00 to $82.00 and set an “outperform” rating on the stock in a report on Wednesday, April 2nd.

QCR Price Performance

Shares of NASDAQ:QCRH opened at $64.75 on Tuesday. The firm has a 50 day moving average of $74.33 and a 200-day moving average of $79.58. QCR Holdings, Inc. has a 12 month low of $54.37 and a 12 month high of $96.08. The company has a current ratio of 1.02, a quick ratio of 0.99 and a debt-to-equity ratio of 0.67. The stock has a market capitalization of $1.09 billion, a PE ratio of 9.65 and a beta of 0.81.

QCR (NASDAQ:QCRH) last announced its quarterly earnings data on Wednesday, January 22nd. The bank reported $1.93 EPS for the quarter, beating the consensus estimate of $1.74 by $0.19. QCR had a net margin of 19.06% and a return on equity of 12.68%. On average, equities research analysts predict that QCR Holdings, Inc. will post 6.82 EPS for the current fiscal year.

QCR Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Wednesday, March 19th were given a dividend of $0.06 per share. The ex-dividend date was Wednesday, March 19th. This represents a $0.24 annualized dividend and a dividend yield of 0.37%. QCR’s dividend payout ratio is currently 3.58%.

About QCR

QCR Holdings, Inc, a multi-bank holding company, provides commercial and consumer banking, and trust and asset management services. The company’s deposit products include noninterest-bearing demand, interest-bearing demand, time, and brokered deposits. It also provides various commercial and retail lending/leasing, and investment services to corporations, partnerships, individuals, and government agencies.