Knights of Columbus Asset Advisors LLC Buys 52,321 Shares of QCR Holdings, Inc. (NASDAQ:QCRH)

Knights of Columbus Asset Advisors LLC raised its holdings in shares of QCR Holdings, Inc. (NASDAQ:QCRH) by 94.6% during the fourth quarter, Holdings Channel.com reports. The fund owned 107,650 shares of the bank’s stock after buying an additional 52,321 shares during the period. Knights of Columbus Asset Advisors LLC’s holdings in QCR were worth $6,286,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. BKM Wealth Management LLC bought a new stake in QCR during the fourth quarter valued at about $33,000. Lazard Asset Management LLC bought a new stake in QCR during the third quarter valued at about $33,000. Global Retirement Partners LLC bought a new stake in QCR during the third quarter valued at about $50,000. Citigroup Inc. grew its position in shares of QCR by 69.3% during the first quarter. Citigroup Inc. now owns 1,459 shares of the bank’s stock valued at $64,000 after purchasing an additional 597 shares in the last quarter. Finally, Osaic Holdings Inc. grew its position in shares of QCR by 59.5% during the second quarter. Osaic Holdings Inc. now owns 2,212 shares of the bank’s stock valued at $91,000 after purchasing an additional 825 shares in the last quarter. 70.01% of the stock is owned by institutional investors.

QCR Trading Up 1.9 %

QCRH traded up $1.06 on Friday, hitting $56.47. The company had a trading volume of 15,777 shares, compared to its average volume of 54,905. The company has a market cap of $948.70 million, a PE ratio of 8.23 and a beta of 0.95. QCR Holdings, Inc. has a 12-month low of $35.14 and a 12-month high of $62.94. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.81. The business’s fifty day simple moving average is $57.12 and its 200 day simple moving average is $54.80.

QCR (NASDAQ:QCRH) last released its quarterly earnings results on Tuesday, January 23rd. The bank reported $1.97 EPS for the quarter, topping the consensus estimate of $1.36 by $0.61. The company had revenue of $103.47 million during the quarter, compared to analyst estimates of $81.57 million. QCR had a return on equity of 13.78% and a net margin of 20.80%. Equities research analysts expect that QCR Holdings, Inc. will post 5.64 EPS for the current year.

QCR Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 3rd. Investors of record on Friday, March 15th were given a $0.06 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $0.24 annualized dividend and a yield of 0.43%. QCR’s dividend payout ratio is currently 3.57%.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Keefe, Bruyette & Woods raised their price objective on QCR from $69.00 to $70.00 and gave the company an “outperform” rating in a research report on Thursday, January 25th. Piper Sandler raised their price objective on QCR from $67.00 to $74.00 and gave the company an “overweight” rating in a research report on Thursday, January 25th. Finally, Raymond James raised their price objective on QCR from $60.00 to $72.00 and gave the company an “outperform” rating in a research report on Monday, January 29th.

Insider Buying and Selling

In other news, CEO Larry J. Helling acquired 1,000 shares of the firm’s stock in a transaction on Monday, February 5th. The stock was acquired at an average price of $56.00 per share, with a total value of $56,000.00. Following the completion of the purchase, the chief executive officer now directly owns 36,601 shares in the company, valued at $2,049,656. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, CEO Larry J. Helling acquired 1,000 shares of the firm’s stock in a transaction on Monday, February 5th. The stock was acquired at an average price of $56.00 per share, with a total value of $56,000.00. Following the completion of the purchase, the chief executive officer now directly owns 36,601 shares in the company, valued at $2,049,656. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Todd A. Gipple sold 6,791 shares of the firm’s stock in a transaction dated Friday, January 26th. The stock was sold at an average price of $61.00, for a total transaction of $414,251.00. Following the completion of the sale, the chief financial officer now directly owns 40,043 shares of the company’s stock, valued at approximately $2,442,623. The disclosure for this sale can be found here. 3.50% of the stock is currently owned by company insiders.

QCR Company Profile

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.