QCR Holdings, Inc. (QCRH) Shares Bought by Northern Trust Corp

Northern Trust Corp increased its position in shares of QCR Holdings, Inc. (NASDAQ:QCRH) by 5.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 156,953 shares of the bank’s stock after acquiring an additional 8,532 shares during the period. Northern Trust Corp owned about 1.19% of QCR Holdings worth $7,439,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Citigroup Inc. raised its holdings in shares of QCR Holdings by 142.1% during the second quarter. Citigroup Inc. now owns 3,208 shares of the bank’s stock worth $152,000 after acquiring an additional 1,883 shares in the last quarter. Schwab Charles Investment Management Inc. raised its holdings in shares of QCR Holdings by 23.5% during the second quarter. Schwab Charles Investment Management Inc. now owns 22,062 shares of the bank’s stock worth $1,046,000 after acquiring an additional 4,200 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of QCR Holdings by 5.5% during the second quarter. Bank of New York Mellon Corp now owns 67,856 shares of the bank’s stock worth $3,217,000 after acquiring an additional 3,545 shares in the last quarter. AJO LP raised its holdings in shares of QCR Holdings by 507.5% during the second quarter. AJO LP now owns 88,437 shares of the bank’s stock worth $4,192,000 after acquiring an additional 73,879 shares in the last quarter. Finally, Martingale Asset Management L P raised its holdings in shares of QCR Holdings by 17.6% during the second quarter. Martingale Asset Management L P now owns 84,933 shares of the bank’s stock worth $4,026,000 after acquiring an additional 12,704 shares in the last quarter. Institutional investors and hedge funds own 61.96% of the company’s stock.

In other news, CFO Todd A. Gipple sold 5,920 shares of the firm’s stock in a transaction dated Wednesday, September 13th. The stock was sold at an average price of $43.00, for a total value of $254,560.00. Following the sale, the chief financial officer now directly owns 49,162 shares of the company’s stock, valued at $2,113,966. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 8.80% of the company’s stock.

Shares of QCR Holdings, Inc. (NASDAQ:QCRH) opened at $42.00 on Friday. The stock has a market capitalization of $583.34, a PE ratio of 16.15, a PEG ratio of 1.60 and a beta of 0.59. QCR Holdings, Inc. has a 1 year low of $35.85 and a 1 year high of $50.00. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.93 and a quick ratio of 0.93.

Several equities analysts have commented on QCRH shares. Keefe, Bruyette & Woods set a $52.00 target price on shares of QCR Holdings and gave the stock a “buy” rating in a research report on Saturday, July 22nd. BidaskClub downgraded shares of QCR Holdings from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. ValuEngine raised shares of QCR Holdings from a “hold” rating to a “buy” rating in a research report on Monday, August 7th. Piper Jaffray Companies set a $55.00 target price on shares of QCR Holdings and gave the stock a “buy” rating in a research report on Friday, October 6th. Finally, Maxim Group lowered their target price on shares of QCR Holdings from $53.00 to $51.00 and set a “buy” rating on the stock in a research report on Friday, November 3rd. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company’s stock. QCR Holdings presently has an average rating of “Hold” and an average price target of $52.67.

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About QCR Holdings

QCR Holdings, Inc is a multi-bank holding company. The Company serves the Quad Cities, Cedar Rapids, Waterloo/Cedar Falls, Des Moines/Ankeny and Rockford communities through its banking subsidiaries, Quad City Bank and Trust Company (QCBT), Cedar Rapids Bank and Trust Company (CRBT), Community State Bank (CSB), Rockford Bank and Trust Company (RB&T), and Guaranty Bank and Trust Company, which provide full-service commercial and consumer banking and trust and asset management services.

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Institutional Ownership by Quarter for QCR Holdings (NASDAQ:QCRH)

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