QCR Holdings, Inc. (NASDAQ:QCRH) Stock Holdings Increased by Principal Financial Group Inc.

Principal Financial Group Inc. lifted its holdings in QCR Holdings, Inc. (NASDAQ:QCRH) by 6.6% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 7,472 shares of the bank’s stock after purchasing an additional 463 shares during the quarter. Principal Financial Group Inc.’s holdings in QCR were worth $448,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of QCRH. Innealta Capital LLC bought a new position in QCR in the 2nd quarter valued at about $35,000. Panagora Asset Management Inc. acquired a new position in shares of QCR during the second quarter valued at approximately $496,000. Miller Howard Investments Inc. NY bought a new stake in QCR during the second quarter worth approximately $303,000. Bank of New York Mellon Corp lifted its position in QCR by 3.8% in the second quarter. Bank of New York Mellon Corp now owns 88,886 shares of the bank’s stock worth $5,333,000 after purchasing an additional 3,270 shares during the period. Finally, EMC Capital Management bought a new position in QCR during the 1st quarter valued at $279,000. 70.01% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

QCR Stock Performance

QCRH stock opened at $74.28 on Friday. The stock has a market cap of $1.25 billion, a P/E ratio of 11.07 and a beta of 0.95. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.00 and a current ratio of 1.04. The firm has a 50 day simple moving average of $71.51 and a 200 day simple moving average of $62.27. QCR Holdings, Inc. has a 52 week low of $45.83 and a 52 week high of $79.61.

QCR (NASDAQ:QCRH) last posted its quarterly earnings results on Wednesday, July 24th. The bank reported $1.73 EPS for the quarter, beating the consensus estimate of $1.39 by $0.34. QCR had a net margin of 19.37% and a return on equity of 12.90%. The business had revenue of $150.64 million for the quarter, compared to analysts’ expectations of $82.20 million. During the same period in the previous year, the company posted $1.69 EPS. Research analysts anticipate that QCR Holdings, Inc. will post 6.33 earnings per share for the current fiscal year.

QCR Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 2nd. Stockholders of record on Friday, September 13th 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 0.32%. The ex-dividend date of this dividend is Friday, September 13th. QCR’s dividend payout ratio (DPR) is presently 3.58%.

QCR Company 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.