Second Curve Capital LLC cut its holdings in shares of QCR Holdings, Inc. (NASDAQ:QCRH) by 67.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 24,136 shares of the bank’s stock after selling 50,000 shares during the quarter. QCR comprises approximately 0.4% of Second Curve Capital LLC’s investment portfolio, making the stock its 20th biggest position. Second Curve Capital LLC owned 0.17% of QCR worth $1,034,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. BlackRock Inc. grew its stake in QCR by 0.4% during the 4th quarter. BlackRock Inc. now owns 974,529 shares of the bank’s stock worth $41,760,000 after buying an additional 4,155 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of QCR by 7.4% in the 2nd quarter. Vanguard Group Inc. now owns 513,341 shares of the bank’s stock valued at $24,332,000 after purchasing an additional 35,533 shares during the last quarter. Banc Funds Co. LLC boosted its stake in shares of QCR by 3.9% in the fourth quarter. Banc Funds Co. LLC now owns 476,565 shares of the bank’s stock valued at $20,421,000 after buying an additional 17,910 shares in the last quarter. Maltese Capital Management LLC boosted its stake in shares of QCR by 11.4% in the fourth quarter. Maltese Capital Management LLC now owns 385,000 shares of the bank’s stock valued at $16,497,000 after buying an additional 39,500 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its stake in shares of QCR by 2.1% in the fourth quarter. Renaissance Technologies LLC now owns 381,200 shares of the bank’s stock valued at $16,334,000 after buying an additional 7,700 shares in the last quarter. 61.11% of the stock is currently owned by hedge funds and other institutional investors.
Shares of QCR Holdings, Inc. (NASDAQ QCRH) traded down $0.90 during trading on Wednesday, hitting $46.45. The stock had a trading volume of 27,035 shares, compared to its average volume of 54,171. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.95 and a quick ratio of 0.95. The firm has a market cap of $651.65, a PE ratio of 17.58, a price-to-earnings-growth ratio of 1.44 and a beta of 0.41. QCR Holdings, Inc. has a fifty-two week low of $39.85 and a fifty-two week high of $50.00.
QCR (NASDAQ:QCRH) last issued its quarterly earnings data on Thursday, February 1st. The bank reported $0.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.66 by $0.04. The business had revenue of $41.51 million during the quarter, compared to analyst estimates of $39.74 million. QCR had a return on equity of 12.09% and a net margin of 21.51%. research analysts forecast that QCR Holdings, Inc. will post 3.24 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 4th. Shareholders of record on Friday, March 16th will be paid a dividend of $0.06 per share. This is a positive change from QCR’s previous quarterly dividend of $0.05. This represents a $0.24 dividend on an annualized basis and a yield of 0.52%. The ex-dividend date is Thursday, March 15th. QCR’s dividend payout ratio (DPR) is presently 7.66%.
QCRH has been the subject of several research reports. BidaskClub cut QCR from a “hold” rating to a “sell” rating in a report on Thursday, January 4th. ValuEngine raised QCR from a “hold” rating to a “buy” rating in a report on Friday, March 2nd. Maxim Group reaffirmed a “buy” rating and issued a $53.00 price objective on shares of QCR in a research report on Friday, February 2nd. Stephens set a $53.00 price target on QCR and gave the company a “buy” rating in a research report on Monday, February 5th. Finally, DA Davidson reissued a “buy” rating and set a $56.00 price target on shares of QCR in a research report on Wednesday, December 20th. One investment analyst has rated the stock with a sell rating and six have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $53.60.
In other news, CEO Douglas M. Hultquist sold 2,014 shares of the stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $44.33, for a total value of $89,280.62. Following the completion of the sale, the chief executive officer now owns 77,404 shares in the company, valued at $3,431,319.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Thomas D. Budd sold 997 shares of the stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $44.33, for a total value of $44,197.01. Following the sale, the chief executive officer now owns 4,208 shares of the company’s stock, valued at $186,540.64. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 6,868 shares of company stock valued at $302,774. 8.80% of the stock is currently owned by corporate insiders.
QCR Company Profile
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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