Ajo LP lifted its holdings in QCR Holdings, Inc. (NASDAQ:QCRH) by 507.5% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 88,437 shares of the bank’s stock after purchasing an additional 73,879 shares during the quarter. Ajo LP owned 0.67% of QCR Holdings worth $4,192,000 as of its most recent filing with the SEC.
Other large investors have also added to or reduced their stakes in the company. Busey Trust CO bought a new position in shares of QCR Holdings in the second quarter worth $213,000. Principal Financial Group Inc. bought a new position in shares of QCR Holdings in the second quarter worth $244,000. Cigna Investments Inc. New bought a new position in shares of QCR Holdings in the second quarter worth $383,000. Alliancebernstein L.P. bought a new position in shares of QCR Holdings in the second quarter worth $389,000. Finally, Comerica Bank bought a new position in shares of QCR Holdings in the second quarter worth $397,000. 62.07% of the stock is owned by institutional investors.
QCR Holdings, Inc. (QCRH) opened at 43.00 on Friday. QCR Holdings, Inc. has a 1-year low of $28.70 and a 1-year high of $50.00. The company has a market cap of $566.78 million, a PE ratio of 17.69 and a beta of 0.62. The stock has a 50 day moving average price of $44.13 and a 200 day moving average price of $44.72.
QCR Holdings (NASDAQ:QCRH) last issued its quarterly earnings data on Thursday, July 20th. The bank reported $0.65 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.66 by ($0.01). QCR Holdings had a net margin of 21.11% and a return on equity of 11.17%. The business had revenue of $34.83 million during the quarter, compared to the consensus estimate of $36.49 million. Equities analysts forecast that QCR Holdings, Inc. will post $2.72 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 4th. Shareholders of record on Friday, September 15th will be given a $0.05 dividend. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $0.20 annualized dividend and a yield of 0.47%. QCR Holdings’s payout ratio is 8.23%.
In other QCR Holdings news, EVP Cathie Whiteside sold 2,675 shares of QCR Holdings stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $45.95, for a total value of $122,916.25. Following the completion of the transaction, the executive vice president now owns 12,255 shares in the company, valued at approximately $563,117.25. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Todd A. Gipple sold 5,920 shares of QCR Holdings stock in a transaction on Wednesday, September 13th. The shares were sold at an average price of $43.00, for a total value of $254,560.00. Following the completion of the transaction, the chief financial officer now owns 49,162 shares of the company’s stock, valued at approximately $2,113,966. The disclosure for this sale can be found here. In the last quarter, insiders sold 14,450 shares of company stock valued at $646,051. Corporate insiders own 8.80% of the company’s stock.
Several research analysts have recently issued reports on the company. ValuEngine cut QCR Holdings from a “buy” rating to a “hold” rating in a research note on Thursday, July 6th. BidaskClub cut QCR Holdings from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. Keefe, Bruyette & Woods set a $52.00 price target on QCR Holdings and gave the stock a “buy” rating in a research note on Saturday, July 22nd. Finally, Maxim Group reissued a “buy” rating and issued a $53.00 price target on shares of QCR Holdings in a research note on Thursday, June 15th. One investment analyst has rated the stock with a sell rating and four have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $47.00.
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), and Rockford Bank and Trust Company (RB&T), which provide full-service commercial and consumer banking and trust and asset management services.
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