Hsbc Holdings PLC Makes New $1.18 Million Investment in QCR Holdings, Inc. (NASDAQ:QCRH)

Hsbc Holdings PLC acquired a new stake in QCR Holdings, Inc. (NASDAQ:QCRH) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 14,606 shares of the bank’s stock, valued at approximately $1,180,000.

Other large investors also recently modified their holdings of the company. MetLife Investment Management LLC boosted its position in QCR by 3.2% during the fourth quarter. MetLife Investment Management LLC now owns 9,957 shares of the bank’s stock valued at $803,000 after acquiring an additional 313 shares during the last quarter. First Trust Advisors LP boosted its position in shares of QCR by 809.7% during the 4th quarter. First Trust Advisors LP now owns 92,686 shares of the bank’s stock valued at $7,474,000 after purchasing an additional 82,497 shares in the last quarter. Zacks Investment Management acquired a new stake in QCR during the fourth quarter worth approximately $346,000. United Capital Financial Advisors LLC increased its holdings in QCR by 3.8% in the fourth quarter. United Capital Financial Advisors LLC now owns 62,026 shares of the bank’s stock worth $5,002,000 after purchasing an additional 2,299 shares in the last quarter. Finally, Barclays PLC boosted its holdings in shares of QCR by 8.3% during the 4th quarter. Barclays PLC now owns 33,374 shares of the bank’s stock worth $2,692,000 after buying an additional 2,569 shares in the last quarter. 70.01% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at QCR

In other news, CEO Larry J. Helling purchased 1,000 shares of the company’s stock in a transaction that occurred on Monday, April 28th. The shares were bought at an average cost of $64.53 per share, with a total value of $64,530.00. Following the completion of the transaction, the chief executive officer now directly owns 40,264 shares of the company’s stock, valued at approximately $2,598,235.92. This trade represents a 2.55 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider James D. Klein sold 630 shares of the business’s stock in a transaction dated 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 in the company, valued at approximately $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. Company insiders own 3.70% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on QCRH. Keefe, Bruyette & Woods lowered their price objective on shares of QCR from $99.00 to $90.00 and set an “outperform” rating for the company in a research note on Thursday, April 24th. Piper Sandler dropped their price objective on shares of QCR from $98.00 to $88.00 and set an “overweight” rating on the stock in a report on Thursday, April 24th. Finally, Raymond James set a $78.00 price objective on shares of QCR and gave the stock an “outperform” rating in a research report on Thursday, April 24th.

QCR Price Performance

Shares of QCRH opened at $66.37 on Friday. The business’s fifty day moving average is $69.39 and its 200 day moving average is $78.17. QCR Holdings, Inc. has a 12-month low of $54.75 and a 12-month high of $96.08. The company has a quick ratio of 0.99, a current ratio of 1.02 and a debt-to-equity ratio of 0.67. The stock has a market cap of $1.12 billion, a P/E ratio of 9.89 and a beta of 0.81.

QCR (NASDAQ:QCRH) last released its quarterly earnings data on Tuesday, April 22nd. The bank reported $1.53 earnings per share for the quarter, beating analysts’ consensus estimates of $1.52 by $0.01. The firm had revenue of $76.88 million for the quarter, compared to analyst estimates of $94.01 million. QCR had a net margin of 19.06% and a return on equity of 12.68%. During the same period last year, the firm earned $1.59 earnings per share. Sell-side analysts anticipate that QCR Holdings, Inc. will post 6.82 earnings per share for the current fiscal year.

QCR Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Wednesday, March 19th were issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 0.36%. The ex-dividend date was Wednesday, March 19th. QCR’s dividend payout ratio is currently 3.61%.

QCR 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.