MetLife Investment Management LLC Purchases 313 Shares of QCR Holdings, Inc. (NASDAQ:QCRH)

MetLife Investment Management LLC raised its position in QCR Holdings, Inc. (NASDAQ:QCRH) by 3.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,957 shares of the bank’s stock after purchasing an additional 313 shares during the quarter. MetLife Investment Management LLC owned 0.06% of QCR worth $803,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the company. Janney Montgomery Scott LLC raised its holdings in QCR by 2.9% in the 4th quarter. Janney Montgomery Scott LLC now owns 5,016 shares of the bank’s stock valued at $404,000 after buying an additional 142 shares during the last quarter. Rhumbline Advisers lifted its holdings in shares of QCR by 0.6% during the fourth quarter. Rhumbline Advisers now owns 26,061 shares of the bank’s stock worth $2,102,000 after purchasing an additional 165 shares during the period. Farther Finance Advisors LLC bought a new stake in shares of QCR in the fourth quarter worth $35,000. Principal Financial Group Inc. increased its holdings in QCR by 7.7% in the fourth quarter. Principal Financial Group Inc. now owns 8,946 shares of the bank’s stock valued at $721,000 after purchasing an additional 640 shares during the period. Finally, R Squared Ltd bought a new position in QCR during the 4th quarter worth $64,000. 70.01% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other QCR news, insider James D. Klein sold 630 shares of the firm’s stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $73.40, for a total value of $46,242.00. Following the completion of the sale, the insider now owns 428 shares of the company’s stock, valued at approximately $31,415.20. This trade represents a 59.55 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Larry J. Helling bought 1,000 shares of the stock in a transaction dated Monday, April 28th. The shares were purchased at an average cost of $64.53 per share, for a total transaction 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 $2,598,235.92. This trade represents a 2.55 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 3.70% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

QCRH has been the subject of several recent research reports. Raymond James set a $78.00 price target on QCR and gave the company an “outperform” rating in a research note on Thursday, April 24th. Keefe, Bruyette & Woods decreased their target price on shares of QCR from $99.00 to $90.00 and set an “outperform” rating for the company in a research report on Thursday, April 24th. Finally, Piper Sandler dropped their price target on shares of QCR from $98.00 to $88.00 and set an “overweight” rating on the stock in a research report on Thursday, April 24th.

QCR Stock Up 1.9 %

Shares of QCR stock opened at $66.37 on Friday. The firm has a market cap of $1.12 billion, a price-to-earnings ratio of 9.89 and a beta of 0.80. The stock’s 50-day moving average is $69.39 and its 200 day moving average is $78.15. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.02 and a quick ratio of 0.99. QCR Holdings, Inc. has a one year low of $54.75 and a one year high of $96.08.

QCR (NASDAQ:QCRH) last announced its quarterly earnings data on Tuesday, April 22nd. The bank reported $1.53 EPS for the quarter, topping the consensus estimate of $1.52 by $0.01. QCR had a net margin of 19.06% and a return on equity of 12.68%. The company had revenue of $76.88 million during the quarter, compared to the consensus estimate of $94.01 million. During the same quarter last year, the firm posted $1.59 EPS. Equities research analysts anticipate that QCR Holdings, Inc. will post 6.82 EPS for the current year.

QCR Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Stockholders 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 dividend on an annualized basis and a dividend yield of 0.36%. QCR’s dividend payout ratio (DPR) is presently 3.61%.

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.