QCR Holdings, Inc. $QCRH Shares Acquired by Wedge Capital Management L L P NC

Wedge Capital Management L L P NC increased its holdings in QCR Holdings, Inc. (NASDAQ:QCRH) by 1.9% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 36,977 shares of the bank’s stock after acquiring an additional 681 shares during the quarter. Wedge Capital Management L L P NC owned approximately 0.22% of QCR worth $2,511,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of QCRH. New Age Alpha Advisors LLC acquired a new position in shares of QCR in the first quarter worth about $46,000. Lazard Asset Management LLC lifted its stake in shares of QCR by 3,042.1% in the fourth quarter. Lazard Asset Management LLC now owns 597 shares of the bank’s stock worth $48,000 after acquiring an additional 578 shares in the last quarter. EntryPoint Capital LLC acquired a new position in shares of QCR in the first quarter worth about $210,000. R Squared Ltd lifted its stake in shares of QCR by 309.3% in the first quarter. R Squared Ltd now owns 3,250 shares of the bank’s stock worth $232,000 after acquiring an additional 2,456 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. acquired a new position in shares of QCR in the fourth quarter worth about $237,000. Institutional investors and hedge funds own 70.01% of the company’s stock.

Wall Street Analysts Forecast Growth

QCRH has been the subject of several research analyst reports. Keefe, Bruyette & Woods reissued an “outperform” rating and issued a $92.00 price objective (up from $90.00) on shares of QCR in a report on Friday, July 25th. Piper Sandler boosted their price objective on QCR from $88.00 to $92.50 and gave the company an “overweight” rating in a report on Monday, July 28th. DA Davidson boosted their price objective on QCR from $80.00 to $87.00 and gave the company a “buy” rating in a report on Friday, July 25th. Finally, Wall Street Zen raised QCR from a “sell” rating to a “hold” rating in a report on Saturday, July 26th. Four research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $87.38.

QCR Stock Performance

Shares of QCRH stock opened at $77.90 on Monday. QCR Holdings, Inc. has a 12-month low of $60.83 and a 12-month high of $96.08. The firm has a market capitalization of $1.32 billion, a price-to-earnings ratio of 11.73 and a beta of 0.87. The business has a 50 day simple moving average of $75.58 and a 200 day simple moving average of $70.93. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.98 and a quick ratio of 0.98.

QCR (NASDAQ:QCRH) last issued its quarterly earnings data on Wednesday, July 23rd. The bank reported $1.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.63 by $0.10. QCR had a return on equity of 11.71% and a net margin of 19.43%.The business had revenue of $84.20 million during the quarter, compared to analyst estimates of $95.11 million. On average, equities research analysts anticipate that QCR Holdings, Inc. will post 6.82 EPS for the current year.

QCR Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 3rd. Investors of record on Thursday, September 18th will be issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend is Thursday, September 18th. QCR’s dividend payout ratio is 3.61%.

Insiders Place Their Bets

In other QCR news, CEO Laura L. Ekizian sold 333 shares of the company’s stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $80.00, for a total value of $26,640.00. Following the completion of the sale, the chief executive officer directly owned 5,632 shares in the company, valued at $450,560. This represents a 5.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 3.70% of the stock is owned by company insiders.

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.