Mercer Global Advisors Inc. ADV Increases Stock Holdings in QCR Holdings, Inc. (NASDAQ:QCRH)

Mercer Global Advisors Inc. ADV boosted its holdings in QCR Holdings, Inc. (NASDAQ:QCRH) by 5.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,698 shares of the bank’s stock after purchasing an additional 283 shares during the quarter. Mercer Global Advisors Inc. ADV’s holdings in QCR were worth $460,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in QCRH. Barclays PLC increased its stake in shares of QCR by 148.9% during the 3rd quarter. Barclays PLC now owns 30,805 shares of the bank’s stock valued at $2,281,000 after acquiring an additional 18,430 shares during the last quarter. Assenagon Asset Management S.A. acquired a new stake in shares of QCR in the fourth quarter worth approximately $3,755,000. SG Americas Securities LLC grew its holdings in QCR by 136.5% in the fourth quarter. SG Americas Securities LLC now owns 5,053 shares of the bank’s stock valued at $407,000 after purchasing an additional 2,916 shares during the period. Janney Montgomery Scott LLC increased its position in QCR by 2.9% during the fourth quarter. Janney Montgomery Scott LLC now owns 5,016 shares of the bank’s stock worth $404,000 after purchasing an additional 142 shares during the last quarter. Finally, R Squared Ltd purchased a new position in QCR during the fourth quarter worth approximately $64,000. 70.01% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other QCR news, insider James D. Klein sold 630 shares of the stock in a transaction that occurred on 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 of the company’s stock, valued at $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 Securities & Exchange Commission, which is available through the SEC website. Also, CEO Larry J. Helling acquired 1,000 shares of the company’s stock in a transaction dated Monday, April 28th. The shares were purchased at an average price of $64.53 per share, for a total transaction of $64,530.00. Following the purchase, 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 disclosure for this purchase can be found here. 3.70% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

QCRH has been the topic of a number of research analyst reports. Piper Sandler decreased their price target 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. Raymond James set a $78.00 target price on QCR and gave the company an “outperform” rating in a report on Thursday, April 24th. Finally, Keefe, Bruyette & Woods lowered their price target on QCR from $99.00 to $90.00 and set an “outperform” rating for the company in a research report on Thursday, April 24th.

QCR Trading Up 2.0%

NASDAQ QCRH opened at $70.82 on Wednesday. The firm has a market capitalization of $1.20 billion, a price-to-earnings ratio of 10.55 and a beta of 0.80. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.99 and a current ratio of 1.02. QCR Holdings, Inc. has a one year low of $54.75 and a one year high of $96.08. The company’s 50 day moving average price is $68.52 and its 200 day moving average price is $77.62.

QCR (NASDAQ:QCRH) last released its quarterly earnings data on Tuesday, April 22nd. The bank reported $1.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.52 by $0.01. The company had revenue of $76.88 million during 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 quarter in the prior year, the business earned $1.59 earnings per share. On average, sell-side analysts predict that QCR Holdings, Inc. will post 6.82 EPS for the current year.

QCR Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Wednesday, March 19th were given a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 0.34%. The ex-dividend date was Wednesday, March 19th. 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.