Versor Investments LP Takes Position in QCR Holdings, Inc. (NASDAQ:QCRH)

Versor Investments LP bought a new position in QCR Holdings, Inc. (NASDAQ:QCRH) in the third quarter, HoldingsChannel reports. The fund bought 9,900 shares of the bank’s stock, valued at approximately $733,000.

A number of other institutional investors have also recently bought and sold shares of QCRH. Dimensional Fund Advisors LP grew its position in QCR by 1.3% in the second quarter. Dimensional Fund Advisors LP now owns 1,046,495 shares of the bank’s stock worth $62,787,000 after acquiring an additional 13,567 shares in the last quarter. Renaissance Technologies LLC boosted its stake in QCR by 2.7% during the 2nd quarter. Renaissance Technologies LLC now owns 335,172 shares of the bank’s stock valued at $20,110,000 after purchasing an additional 8,800 shares during the period. American Century Companies Inc. grew its holdings in QCR by 20.1% in the 2nd quarter. American Century Companies Inc. now owns 307,197 shares of the bank’s stock valued at $18,432,000 after buying an additional 51,471 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of QCR by 3.8% during the second quarter. Bank of New York Mellon Corp now owns 88,886 shares of the bank’s stock worth $5,333,000 after buying an additional 3,270 shares during the last quarter. Finally, AQR Capital Management LLC boosted its position in shares of QCR by 13.0% in the second quarter. AQR Capital Management LLC now owns 32,732 shares of the bank’s stock valued at $1,964,000 after acquiring an additional 3,769 shares during the period. Institutional investors and hedge funds own 70.01% of the company’s stock.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods reiterated an “outperform” rating and set a $82.00 target price (up from $70.00) on shares of QCR in a research note on Monday, July 29th.

QCR Trading Up 0.2 %

QCR stock opened at $92.00 on Wednesday. The business has a 50 day moving average price of $77.41 and a two-hundred day moving average price of $68.33. The company has a quick ratio of 1.00, a current ratio of 1.04 and a debt-to-equity ratio of 0.82. QCR Holdings, Inc. has a 12 month low of $48.44 and a 12 month high of $93.11. The stock has a market cap of $1.55 billion, a price-to-earnings ratio of 13.37 and a beta of 0.93.

QCR (NASDAQ:QCRH) last issued its quarterly earnings data on Wednesday, October 23rd. The bank reported $1.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.49 by $0.29. The company had revenue of $152.58 million during the quarter, compared to analysts’ expectations of $84.00 million. QCR had a return on equity of 13.16% and a net margin of 19.25%. During the same period last year, the business earned $1.51 earnings per share. As a group, equities analysts forecast that QCR Holdings, Inc. will post 6.73 EPS for the current year.

QCR Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 2nd. Stockholders of record on Friday, September 13th were given a dividend of $0.06 per share. The ex-dividend date was Friday, September 13th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.26%. QCR’s payout ratio is 3.48%.

Insider Activity

In other QCR news, CAO Nick W. Anderson sold 675 shares of the stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $81.93, for a total value of $55,302.75. Following the transaction, the chief accounting officer now directly owns 782 shares in the company, valued at approximately $64,069.26. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.70% of the stock is owned by insiders.

QCR Profile

QCR Holdings, Inc, a multi-bank holding company, provides commercial and consumer banking, and trust and asset management services. The company’s deposit products include noninterest-bearing demand, interest-bearing demand, time, and brokered deposits. It also provides various commercial and retail lending/leasing, and investment services to corporations, partnerships, individuals, and government agencies.