United Capital Financial Advisers LLC acquired a new position in QCR Holdings, Inc. (NASDAQ:QCRH) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 47,316 shares of the bank’s stock, valued at approximately $1,650,000. United Capital Financial Advisers LLC owned 0.30% of QCR as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also made changes to their positions in the company. Bank of Montreal Can purchased a new stake in QCR in the second quarter worth about $43,000. BNP Paribas Arbitrage SA grew its holdings in QCR by 68,350.0% in the first quarter. BNP Paribas Arbitrage SA now owns 2,738 shares of the bank’s stock worth $93,000 after purchasing an additional 2,734 shares during the period. SG Americas Securities LLC purchased a new stake in QCR in the first quarter worth about $119,000. JPMorgan Chase & Co. grew its holdings in QCR by 25.4% in the second quarter. JPMorgan Chase & Co. now owns 4,053 shares of the bank’s stock worth $140,000 after purchasing an additional 820 shares during the period. Finally, Seacliff Capital LLC purchased a new stake in QCR in the first quarter worth about $170,000. Institutional investors and hedge funds own 60.09% of the company’s stock.
QCRH has been the topic of a number of recent research reports. BidaskClub upgraded shares of QCR from a “strong sell” rating to a “sell” rating in a report on Thursday, September 12th. ValuEngine upgraded shares of QCR from a “strong sell” rating to a “sell” rating in a report on Wednesday, May 29th. Finally, Zacks Investment Research cut shares of QCR from a “buy” rating to a “hold” rating in a report on Wednesday, August 21st. Two 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 company’s stock. QCR currently has an average rating of “Hold” and a consensus price target of $41.75.
Shares of NASDAQ QCRH traded up $0.13 during midday trading on Thursday, hitting $38.82. The stock had a trading volume of 1,301 shares, compared to its average volume of 35,113. The business’s 50 day moving average is $36.43 and its 200-day moving average is $34.79. The company has a market cap of $610.36 million, a P/E ratio of 12.58, a PEG ratio of 1.09 and a beta of 0.80. QCR Holdings, Inc. has a 52 week low of $30.15 and a 52 week high of $43.70. 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 (NASDAQ:QCRH) last issued its earnings results on Tuesday, July 23rd. The bank reported $0.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.09. The firm had revenue of $55.08 million for the quarter, compared to the consensus estimate of $50.76 million. QCR had a net margin of 18.53% and a return on equity of 10.82%. As a group, analysts expect that QCR Holdings, Inc. will post 3.54 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 2nd. Stockholders of record on Friday, September 20th will be paid a $0.06 dividend. The ex-dividend date of this dividend is Thursday, September 19th. This represents a $0.24 annualized dividend and a dividend yield of 0.62%. QCR’s dividend payout ratio is presently 7.79%.
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.
Further Reading: What is channel trading?
Receive News & Ratings for QCR Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for QCR and related companies with MarketBeat.com's FREE daily email newsletter.