Voya Investment Management LLC Has $416,000 Stock Holdings in QCR Holdings, Inc. (NASDAQ:QCRH)

Voya Investment Management LLC reduced its position in QCR Holdings, Inc. (NASDAQ:QCRH) by 9.8% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 5,163 shares of the bank’s stock after selling 561 shares during the period. Voya Investment Management LLC’s holdings in QCR were worth $416,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Invesco Ltd. grew its position in shares of QCR by 9.8% during the 4th quarter. Invesco Ltd. now owns 34,575 shares of the bank’s stock worth $2,788,000 after buying an additional 3,083 shares during the period. Barclays PLC grew its holdings in QCR by 148.9% during the 3rd quarter. Barclays PLC now owns 30,805 shares of the bank’s stock worth $2,281,000 after acquiring an additional 18,430 shares during the period. Assenagon Asset Management S.A. bought a new stake in shares of QCR during the 4th quarter valued at $3,755,000. Charles Schwab Investment Management Inc. lifted its stake in shares of QCR by 6.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 145,990 shares of the bank’s stock valued at $11,773,000 after purchasing an additional 9,292 shares during the period. Finally, New York State Common Retirement Fund boosted its position in shares of QCR by 23.7% in the 4th quarter. New York State Common Retirement Fund now owns 19,339 shares of the bank’s stock worth $1,559,000 after purchasing an additional 3,700 shares during the last quarter. Institutional investors own 70.01% of the company’s stock.

Analyst Ratings Changes

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

Insider Buying and Selling at QCR

In other QCR news, insider James D. Klein sold 630 shares of the company’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 transaction of $46,242.00. Following the completion of the transaction, the insider now owns 428 shares of the company’s stock, valued at $31,415.20. This represents a 59.55 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Larry J. Helling acquired 1,000 shares of the stock in a transaction dated Monday, April 28th. The stock was acquired at an average price of $64.53 per share, for a total transaction of $64,530.00. Following the completion of the acquisition, the chief executive officer now directly owns 40,264 shares of the company’s stock, valued at $2,598,235.92. The trade was a 2.55 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 3.70% of the company’s stock.

QCR Stock Down 0.3 %

Shares of QCR stock opened at $67.16 on Friday. QCR Holdings, Inc. has a 1 year low of $54.75 and a 1 year high of $96.08. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.02 and a quick ratio of 0.99. The company has a market capitalization of $1.14 billion, a P/E ratio of 10.01 and a beta of 0.80. The business has a 50-day moving average of $68.58 and a two-hundred day moving average of $77.69.

QCR (NASDAQ:QCRH) last announced its earnings results on Tuesday, April 22nd. The bank reported $1.53 EPS for the quarter, topping the consensus estimate of $1.52 by $0.01. The firm had revenue of $76.88 million for the quarter, compared to the consensus estimate 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 company posted $1.59 EPS. As a group, equities analysts predict that QCR Holdings, Inc. will post 6.82 EPS for the current year.

QCR Announces Dividend

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