Bank of New York Mellon Corp lifted its stake in QCR Holdings, Inc. (NASDAQ:QCRH) by 4.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 77,181 shares of the bank’s stock after buying an additional 3,244 shares during the period. Bank of New York Mellon Corp owned approximately 0.49% of QCR worth $2,691,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently bought and sold shares of QCRH. Dimensional Fund Advisors LP lifted its stake in shares of QCR by 7.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 546,201 shares of the bank’s stock worth $17,528,000 after acquiring an additional 35,714 shares during the period. SG Americas Securities LLC acquired a new stake in shares of QCR in the 1st quarter worth $119,000. Kennedy Capital Management Inc. lifted its stake in shares of QCR by 7.3% in the 1st quarter. Kennedy Capital Management Inc. now owns 244,984 shares of the bank’s stock worth $8,310,000 after acquiring an additional 16,726 shares during the period. Castine Capital Management LLC lifted its stake in shares of QCR by 1.7% in the 1st quarter. Castine Capital Management LLC now owns 335,646 shares of the bank’s stock worth $11,385,000 after acquiring an additional 5,686 shares during the period. Finally, First Trust Advisors LP lifted its stake in shares of QCR by 20.7% in the 1st quarter. First Trust Advisors LP now owns 48,899 shares of the bank’s stock worth $1,659,000 after acquiring an additional 8,381 shares during the period. 60.09% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NASDAQ QCRH traded up $0.30 during midday trading on Friday, hitting $37.86. The company had a trading volume of 48,089 shares, compared to its average volume of 39,489. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.42. QCR Holdings, Inc. has a twelve month low of $30.15 and a twelve month high of $39.80. The business has a 50-day simple moving average of $37.01 and a two-hundred day simple moving average of $35.18. The firm has a market capitalization of $590.48 million, a price-to-earnings ratio of 12.29 and a beta of 0.81.
QCR (NASDAQ:QCRH) last posted its earnings results on Tuesday, July 23rd. The bank reported $0.88 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.79 by $0.09. QCR had a net margin of 18.53% and a return on equity of 10.82%. The firm had revenue of $55.08 million during the quarter, compared to the consensus estimate of $50.76 million. On average, equities analysts forecast that QCR Holdings, Inc. will post 3.54 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 2nd. Shareholders of record on Friday, September 20th were issued a dividend of $0.06 per share. The ex-dividend date of this dividend was Thursday, September 19th. This represents a $0.24 annualized dividend and a yield of 0.63%. QCR’s dividend payout ratio (DPR) is currently 7.79%.
In other QCR news, insider Robert C. Fulp sold 1,500 shares of the firm’s stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $39.00, for a total transaction of $58,500.00. Following the completion of the transaction, the insider now directly owns 28,009 shares in the company, valued at approximately $1,092,351. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 7.20% of the company’s stock.
QCRH has been the subject of several recent analyst reports. Zacks Investment Research cut shares of QCR from a “buy” rating to a “hold” rating in a research note on Wednesday, August 21st. BidaskClub upgraded shares of QCR from a “strong sell” rating to a “sell” rating in a research note on Thursday, September 12th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $41.75.
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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