8,788 Shares in QCR Holdings, Inc. $QCRH Acquired by Fifth Third Bancorp

Fifth Third Bancorp acquired a new stake in shares of QCR Holdings, Inc. (NASDAQ:QCRH) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 8,788 shares of the bank’s stock, valued at approximately $751,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Cetera Investment Advisers grew 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 buying an additional 122 shares during the last quarter. Farther Finance Advisors LLC lifted 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 buying an additional 148 shares during the last quarter. Legal & General Group Plc lifted its stake in QCR by 1.0% in the second quarter. Legal & General Group Plc now owns 17,366 shares of the bank’s stock valued at $1,179,000 after buying an additional 165 shares during the last quarter. State of New Jersey Common Pension Fund D boosted its holdings 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 valued at $2,365,000 after acquiring an additional 185 shares during the period. Finally, LPL Financial LLC boosted its holdings in shares of QCR by 3.8% during the fourth quarter. LPL Financial LLC now owns 5,208 shares of the bank’s stock valued at $434,000 after acquiring an additional 191 shares during the period. Institutional investors and hedge funds own 70.01% of the company’s stock.

Insider Transactions at QCR

In other QCR news, CEO Laura L. Ekizian sold 750 shares of the business’s stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $94.96, for a total transaction 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. The trade was a 10.96% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider James D. Klein sold 310 shares of the company’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 completion of the sale, the insider directly owned 428 shares of the company’s stock, valued at approximately $38,948. This represents a 42.01% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 3.20% of the company’s stock.

QCR Stock Up 0.0%

Shares of QCR stock opened at $100.16 on Tuesday. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.96 and a quick ratio of 0.89. QCR Holdings, Inc. has a 1-year low of $66.65 and a 1-year high of $101.83. The business’s fifty day moving average price is $95.14 and its two-hundred day moving average price is $90.67. The company has a market capitalization of $1.65 billion, a P/E ratio of 11.84 and a beta of 0.75.

QCR (NASDAQ:QCRH) last released its quarterly earnings results on Wednesday, July 22nd. The bank reported $2.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.91 by $0.28. The company had revenue of $97.34 million during the quarter, compared to analysts’ expectations of $104.10 million. QCR had a return on equity of 13.00% and a net margin of 22.86%. As a group, research analysts forecast that QCR Holdings, Inc. will post 8.13 EPS for the current year.

QCR Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 3rd. Investors of record on Thursday, June 18th were issued a $0.10 dividend. The ex-dividend date of this dividend was Thursday, June 18th. This represents a $0.40 annualized dividend and a yield of 0.4%. QCR’s dividend payout ratio is presently 4.73%.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. DA Davidson upped their price target on shares of QCR from $97.00 to $105.00 and gave the stock a “neutral” rating in a research report on Monday. Piper Sandler reiterated an “overweight” rating and issued a $123.00 price objective (up from $107.00) on shares of QCR in a research report on Monday. Weiss Ratings reissued a “buy (b)” rating on shares of QCR in a research note on Monday, July 6th. Keefe, Bruyette & Woods upped their target price on shares of QCR from $105.00 to $108.00 and gave the stock an “outperform” rating in a research report on Friday. Finally, Raymond James Financial restated an “outperform” rating and issued a $99.00 price target on shares of QCR in a research note on Monday, April 27th. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, QCR has an average rating of “Moderate Buy” and a consensus target price of $108.75.

QCR 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.