First Trust Advisors LP raised its holdings in QCR Holdings, Inc. (NASDAQ:QCRH) by 81.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 62,599 shares of the bank’s stock after buying an additional 28,170 shares during the period. First Trust Advisors LP owned about 0.40% of QCR worth $2,557,000 as of its most recent SEC filing.
A number of other institutional investors have also bought and sold shares of the business. Hartford Investment Management Co. bought a new stake in QCR in the 2nd quarter worth approximately $269,000. CWM LLC bought a new stake in QCR in the 2nd quarter worth approximately $254,000. IndexIQ Advisors LLC lifted its position in QCR by 8.7% in the 2nd quarter. IndexIQ Advisors LLC now owns 48,771 shares of the bank’s stock worth $2,314,000 after buying an additional 3,901 shares during the last quarter. State Board of Administration of Florida Retirement System bought a new stake in QCR in the 2nd quarter worth approximately $206,000. Finally, Monarch Partners Asset Management LLC lifted its position in QCR by 23.7% in the 2nd quarter. Monarch Partners Asset Management LLC now owns 14,525 shares of the bank’s stock worth $689,000 after buying an additional 2,785 shares during the last quarter. Institutional investors own 55.44% of the company’s stock.
Shares of QCR stock opened at $36.78 on Friday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.03. The company has a market cap of $584.01 million, a P/E ratio of 13.83, a price-to-earnings-growth ratio of 1.23 and a beta of 0.50. QCR Holdings, Inc. has a 52 week low of $34.25 and a 52 week high of $49.60.
QCR (NASDAQ:QCRH) last announced its earnings results on Monday, October 29th. The bank reported $0.55 EPS for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.22). The business had revenue of $47.12 million for the quarter, compared to the consensus estimate of $45.06 million. QCR had a net margin of 19.46% and a return on equity of 10.87%. On average, equities analysts predict that QCR Holdings, Inc. will post 3.03 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 2nd. Investors of record on Friday, December 21st will be issued a dividend of $0.06 per share. The ex-dividend date of this dividend is Thursday, December 20th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.65%. QCR’s dividend payout ratio is presently 9.02%.
Several analysts have weighed in on QCRH shares. Piper Jaffray Companies set a $45.00 price objective on QCR and gave the company a “buy” rating in a research report on Thursday, November 1st. ValuEngine downgraded QCR from a “hold” rating to a “sell” rating in a research report on Saturday, September 22nd. BidaskClub downgraded QCR from a “sell” rating to a “strong sell” rating in a research report on Friday, September 14th. Finally, Raymond James lowered their price objective on QCR from $49.00 to $44.00 and set an “outperform” rating for the company in a research report on Wednesday, October 31st. Two research analysts have rated the stock with a sell rating and six have given a buy rating to the company. The company has an average rating of “Buy” and an average price target of $50.83.
In related news, CEO Thomas D. Budd sold 824 shares of the company’s stock in a transaction that occurred on Wednesday, September 19th. The stock was sold at an average price of $43.00, for a total transaction of $35,432.00. Following the completion of the transaction, the chief executive officer now owns 2,116 shares in the company, valued at $90,988. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 8.80% of the stock is owned by corporate insiders.
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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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