Squarepoint Ops LLC Raises Stock Position in QCR Holdings, Inc. $QCRH

Squarepoint Ops LLC grew its stake in QCR Holdings, Inc. (NASDAQ:QCRH) by 49.8% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 19,119 shares of the bank’s stock after buying an additional 6,355 shares during the period. Squarepoint Ops LLC’s holdings in QCR were worth $1,298,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of QCRH. Creative Planning boosted its stake in QCR by 1.1% in the second quarter. Creative Planning now owns 13,917 shares of the bank’s stock valued at $945,000 after acquiring an additional 157 shares in the last quarter. Legal & General Group Plc lifted its holdings in shares of QCR by 1.0% in the 2nd quarter. Legal & General Group Plc now owns 17,366 shares of the bank’s stock valued at $1,179,000 after purchasing an additional 165 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of QCR by 4.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,729 shares of the bank’s stock valued at $694,000 after purchasing an additional 403 shares during the period. Wedge Capital Management L L P NC grew its stake in QCR by 1.9% during the 2nd quarter. Wedge Capital Management L L P NC now owns 36,977 shares of the bank’s stock worth $2,511,000 after buying an additional 681 shares during the last quarter. Finally, Rhumbline Advisers increased its position in QCR by 3.0% during the second quarter. Rhumbline Advisers now owns 25,609 shares of the bank’s stock worth $1,739,000 after buying an additional 746 shares during the period. 70.01% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

QCRH has been the subject of several research analyst reports. Weiss Ratings reissued a “hold (c+)” rating on shares of QCR in a report on Monday, December 15th. Raymond James Financial reiterated an “outperform” rating and issued a $88.00 price target (up previously from $85.00) on shares of QCR in a research report on Monday, October 27th. Piper Sandler raised their price objective on shares of QCR from $92.50 to $97.00 and gave the stock an “overweight” rating in a research report on Monday, October 27th. DA Davidson reaffirmed a “neutral” rating and issued a $83.00 target price on shares of QCR in a report on Thursday, October 9th. Finally, Zacks Research upgraded shares of QCR from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 27th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $90.00.

QCR Stock Performance

Shares of QCRH opened at $85.55 on Friday. The stock has a market capitalization of $1.44 billion, a P/E ratio of 11.95 and a beta of 0.85. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.01 and a current ratio of 1.01. QCR Holdings, Inc. has a 1 year low of $60.83 and a 1 year high of $88.15. The company’s fifty day moving average is $78.69 and its two-hundred day moving average is $75.23.

QCR (NASDAQ:QCRH) last issued its earnings results on Friday, November 7th. The bank reported $2.17 earnings per share for the quarter. The business had revenue of $101.45 million for the quarter. QCR had a net margin of 20.64% and a return on equity of 12.04%. On average, sell-side analysts predict that QCR Holdings, Inc. will post 6.82 earnings per share for the current year.

QCR Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 7th. Shareholders of record on Tuesday, December 23rd will be given a dividend of $0.06 per share. The ex-dividend date is Tuesday, December 23rd. This represents a $0.24 annualized dividend and a yield of 0.3%. QCR’s payout ratio is presently 3.35%.

About QCR

QCR Holdings, Inc, headquartered in Moline, Illinois, is a bank holding company that delivers community banking services through its wholly owned subsidiary, QCR Bank. The company focuses on serving individuals, small to medium-sized businesses and municipal clients in select Midwestern markets.

QCR Bank offers a broad array of deposit and lending products, including personal and business checking and savings accounts, commercial real estate loans, equipment financing, mortgage lending and treasury management solutions.