QCR Holdings, Inc. (NASDAQ:QCRH) Shares Sold by Alpha DNA Investment Management LLC

Alpha DNA Investment Management LLC reduced its stake in shares of QCR Holdings, Inc. (NASDAQ:QCRH) by 13.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,299 shares of the bank’s stock after selling 849 shares during the quarter. Alpha DNA Investment Management LLC’s holdings in QCR were worth $427,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. State Street Corp boosted its position in shares of QCR by 3.4% in the 3rd quarter. State Street Corp now owns 481,809 shares of the bank’s stock valued at $35,696,000 after purchasing an additional 16,006 shares during the period. JPMorgan Chase & Co. grew its position in shares of QCR by 10.3% during the fourth quarter. JPMorgan Chase & Co. now owns 465,282 shares of the bank’s stock worth $37,520,000 after acquiring an additional 43,439 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of QCR by 0.3% in the 4th quarter. Geode Capital Management LLC now owns 402,487 shares of the bank’s stock valued at $32,464,000 after acquiring an additional 1,294 shares during the period. American Century Companies Inc. raised its position in QCR by 10.5% in the 4th quarter. American Century Companies Inc. now owns 387,702 shares of the bank’s stock valued at $31,264,000 after purchasing an additional 36,930 shares during the last quarter. Finally, Schroder Investment Management Group boosted its stake in QCR by 29.0% during the 4th quarter. Schroder Investment Management Group now owns 150,525 shares of the bank’s stock worth $12,141,000 after purchasing an additional 33,806 shares during the period. 70.01% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Raymond James reduced their target price on shares of QCR from $95.00 to $82.00 and set an “outperform” rating for the company in a report on Wednesday, April 2nd.

QCR Trading Up 1.6 %

NASDAQ:QCRH opened at $66.93 on Friday. The company has a current ratio of 1.02, a quick ratio of 0.99 and a debt-to-equity ratio of 0.67. The stock’s 50 day simple moving average is $71.63 and its 200-day simple moving average is $78.85. QCR Holdings, Inc. has a 12-month low of $54.75 and a 12-month high of $96.08. The firm has a market cap of $1.13 billion, a P/E ratio of 9.97 and a beta of 0.81.

QCR (NASDAQ:QCRH) last released its earnings results on Wednesday, January 22nd. The bank reported $1.93 EPS for the quarter, topping the consensus estimate of $1.74 by $0.19. QCR had a net margin of 19.06% and a return on equity of 12.68%. Equities analysts anticipate that QCR Holdings, Inc. will post 6.82 EPS for the current year.

QCR Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 3rd. Stockholders of record on Wednesday, March 19th were paid a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.36%. The ex-dividend date of this dividend was Wednesday, March 19th. QCR’s dividend payout ratio (DPR) is 3.58%.

Insider Activity

In related news, insider James D. Klein sold 630 shares of the firm’s stock in a transaction dated Friday, March 14th. The shares were 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 in the company, valued at $31,415.20. This trade represents a 59.55 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Nicole A. Lee bought 1,094 shares of the company’s stock in a transaction on Wednesday, January 29th. The stock was bought at an average cost of $78.47 per share, with a total value of $85,846.18. Following the completion of the acquisition, the executive vice president now owns 1,881 shares of the company’s stock, valued at $147,602.07. This represents a 139.01 % increase in their position. The disclosure for this purchase can be found here. Insiders own 3.70% of the company’s stock.

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.