Bank of America Corp DE grew its stake in shares of QCR Holdings, Inc. (NASDAQ:QCRH) by 21.8% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 86,297 shares of the bank’s stock after purchasing an additional 15,463 shares during the period. Bank of America Corp DE owned about 0.55% of QCR worth $4,095,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds also recently modified their holdings of the company. Northern Trust Corp grew its stake in QCR by 2.4% in the 1st quarter. Northern Trust Corp now owns 156,834 shares of the bank’s stock valued at $7,035,000 after acquiring an additional 3,744 shares during the last quarter. BlackRock Inc. grew its stake in QCR by 7.0% in the 1st quarter. BlackRock Inc. now owns 1,043,060 shares of the bank’s stock valued at $46,782,000 after acquiring an additional 68,531 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in QCR by 24.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 366,810 shares of the bank’s stock valued at $16,452,000 after acquiring an additional 72,619 shares during the last quarter. A.R.T. Advisors LLC acquired a new stake in QCR in the 1st quarter valued at about $239,000. Finally, Barclays PLC grew its stake in QCR by 82.8% in the 1st quarter. Barclays PLC now owns 3,514 shares of the bank’s stock valued at $158,000 after acquiring an additional 1,592 shares during the last quarter. 56.99% of the stock is owned by hedge funds and other institutional investors.
A number of equities research analysts recently commented on QCRH shares. ValuEngine cut shares of QCR from a “hold” rating to a “sell” rating in a research note on Friday, July 20th. Piper Jaffray Companies reissued a “buy” rating and issued a $52.00 price objective on shares of QCR in a research note on Monday, July 23rd. Finally, BidaskClub cut shares of QCR from a “hold” rating to a “sell” rating in a research note on Saturday, July 28th. Two research analysts have rated the stock with a sell rating and six have issued a buy rating to the company’s stock. QCR has a consensus rating of “Buy” and a consensus target price of $52.00.
In other QCR news, CEO Thomas D. Budd sold 824 shares of the firm’s stock in a transaction dated Wednesday, September 19th. The shares were sold at an average price of $43.00, for a total transaction of $35,432.00. Following the sale, the chief executive officer now directly owns 2,116 shares of the company’s stock, valued at approximately $90,988. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 8.80% of the stock is owned by company insiders.
QCR stock opened at $36.43 on Thursday. QCR Holdings, Inc. has a 12-month low of $34.25 and a 12-month high of $49.60. The stock has a market cap of $546.84 million, a price-to-earnings ratio of 13.70, a PEG ratio of 1.16 and a beta of 0.40. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.97 and a current ratio of 0.97.
QCR (NASDAQ:QCRH) last released its quarterly earnings results on Monday, October 29th. The bank reported $0.55 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.77 by ($0.22). QCR had a return on equity of 11.59% and a net margin of 19.46%. The firm had revenue of $47.12 million for the quarter, compared to analyst estimates of $45.06 million. As a group, equities research analysts expect that QCR Holdings, Inc. will post 3.11 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, October 3rd. Shareholders of record on Friday, September 21st were paid a dividend of $0.06 per share. The ex-dividend date of this dividend was Thursday, September 20th. This represents a $0.24 annualized dividend and a dividend yield of 0.66%. QCR’s dividend payout ratio is currently 9.02%.
QCR Company Profile
QCR Holdings, Inc, a multi-bank holding company, provides commercial and consumer banking, and trust and asset management services. The company operates through Commercial Banking and Wealth Management segments. Its deposit products include noninterest and interest-bearing demand, time, and brokered time deposits.
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