Stifel Financial Corp grew its stake in shares of QCR Holdings, Inc. (NASDAQ:QCRH) by 0.6% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 125,522 shares of the bank’s stock after buying an additional 771 shares during the period. Stifel Financial Corp owned 0.79% of QCR worth $3,914,000 at the end of the most recent reporting period.
A number of other institutional investors also recently added to or reduced their stakes in QCRH. First Trust Advisors LP increased its position in QCR by 20.7% during the first quarter. First Trust Advisors LP now owns 48,899 shares of the bank’s stock worth $1,659,000 after buying an additional 8,381 shares in the last quarter. Comerica Bank increased its position in QCR by 5.2% during the first quarter. Comerica Bank now owns 25,165 shares of the bank’s stock worth $665,000 after buying an additional 1,252 shares in the last quarter. BlackRock Inc. increased its position in QCR by 4.5% during the first quarter. BlackRock Inc. now owns 1,133,002 shares of the bank’s stock worth $30,669,000 after buying an additional 49,235 shares in the last quarter. New York State Common Retirement Fund increased its position in QCR by 78.2% during the first quarter. New York State Common Retirement Fund now owns 22,983 shares of the bank’s stock worth $622,000 after buying an additional 10,083 shares in the last quarter. Finally, Swiss National Bank grew its position in shares of QCR by 1.4% in the first quarter. Swiss National Bank now owns 29,139 shares of the bank’s stock valued at $789,000 after purchasing an additional 400 shares during the period. 64.13% of the stock is owned by institutional investors.
QCRH has been the subject of a number of recent analyst reports. ValuEngine raised QCR from a “strong sell” rating to a “sell” rating in a research report on Thursday, July 9th. BidaskClub downgraded QCR from a “sell” rating to a “strong sell” rating in a research report on Friday, June 26th. Three equities research analysts have rated the stock with a sell rating, one has issued a hold rating and one has issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $46.33.
Shares of QCR stock opened at $29.35 on Wednesday. QCR Holdings, Inc. has a twelve month low of $22.39 and a twelve month high of $44.76. The stock has a market capitalization of $463.50 million, a P/E ratio of 8.41 and a beta of 1.09. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.45. The business’s fifty day moving average price is $30.64 and its 200 day moving average price is $29.78.
QCR (NASDAQ:QCRH) last issued its earnings results on Monday, July 27th. The bank reported $0.86 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.64 by $0.22. QCR had a return on equity of 10.74% and a net margin of 18.59%. The firm had revenue of $69.57 million for the quarter, compared to analysts’ expectations of $54.81 million. As a group, sell-side analysts predict that QCR Holdings, Inc. will post 3.49 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 7th. Shareholders of record on Friday, September 18th will be paid a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.82%. The ex-dividend date is Thursday, September 17th. QCR’s dividend payout ratio is presently 6.56%.
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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