QCR Holdings, Inc. (NASDAQ:QCRH) Shares Acquired by EMC Capital Management

EMC Capital Management boosted its stake in QCR Holdings, Inc. (NASDAQ:QCRH) by 54.1% during the 3rd quarter, HoldingsChannel reports. The fund owned 7,073 shares of the bank’s stock after buying an additional 2,482 shares during the period. EMC Capital Management’s holdings in QCR were worth $524,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Innealta Capital LLC bought a new stake in shares of QCR in the 2nd quarter worth about $35,000. Lazard Asset Management LLC acquired a new position in QCR in the first quarter worth about $43,000. New York State Teachers Retirement System bought a new stake in QCR in the third quarter valued at about $111,000. SG Americas Securities LLC acquired a new stake in QCR during the first quarter valued at approximately $116,000. Finally, Susquehanna Fundamental Investments LLC acquired a new stake in QCR during the first quarter valued at approximately $205,000. 70.01% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

QCR Price Performance

Shares of NASDAQ:QCRH opened at $78.37 on Friday. The company has a quick ratio of 1.00, a current ratio of 1.04 and a debt-to-equity ratio of 0.82. The firm has a 50-day simple moving average of $76.23 and a 200 day simple moving average of $66.92. QCR Holdings, Inc. has a fifty-two week low of $48.20 and a fifty-two week high of $83.12. The company has a market cap of $1.32 billion, a PE ratio of 11.37 and a beta of 0.94.

QCR (NASDAQ:QCRH) last announced its quarterly earnings results on Wednesday, October 23rd. The bank reported $1.78 earnings per share for the quarter, topping analysts’ consensus estimates of $1.49 by $0.29. QCR had a return on equity of 13.16% and a net margin of 19.25%. The business had revenue of $152.58 million for the quarter, compared to analysts’ expectations of $84.00 million. During the same period in the prior year, the firm earned $1.51 EPS. On average, sell-side analysts anticipate that QCR Holdings, Inc. will post 6.73 EPS for the current year.

QCR Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 2nd. Shareholders of record on Friday, September 13th were paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 0.31%. The ex-dividend date of this dividend was Friday, September 13th. QCR’s payout ratio is 3.48%.

Insider Activity

In related news, CAO Nick W. Anderson sold 675 shares of the stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $81.93, for a total value of $55,302.75. Following the sale, the chief accounting officer now owns 782 shares of the company’s stock, valued at $64,069.26. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 3.70% of the company’s stock.

About QCR

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.