QCR Holdings, Inc. (NASDAQ:QCRH) Holdings Raised by Renaissance Technologies LLC

Renaissance Technologies LLC increased its position in shares of QCR Holdings, Inc. (NASDAQ:QCRH) by 2.7% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 335,172 shares of the bank’s stock after purchasing an additional 8,800 shares during the quarter. Renaissance Technologies LLC owned 1.99% of QCR worth $20,110,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP lifted its position in shares of QCR by 1.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,046,495 shares of the bank’s stock worth $62,787,000 after buying an additional 13,567 shares during the last quarter. American Century Companies Inc. raised its stake in QCR by 20.1% during the second quarter. American Century Companies Inc. now owns 307,197 shares of the bank’s stock worth $18,432,000 after acquiring an additional 51,471 shares during the period. ClariVest Asset Management LLC lifted its holdings in QCR by 2.9% in the second quarter. ClariVest Asset Management LLC now owns 15,080 shares of the bank’s stock worth $905,000 after acquiring an additional 421 shares during the last quarter. Rhumbline Advisers grew its holdings in shares of QCR by 1.3% during the second quarter. Rhumbline Advisers now owns 26,407 shares of the bank’s stock valued at $1,584,000 after purchasing an additional 341 shares during the last quarter. Finally, Principal Financial Group Inc. raised its position in shares of QCR by 6.6% during the 2nd quarter. Principal Financial Group Inc. now owns 7,472 shares of the bank’s stock worth $448,000 after purchasing an additional 463 shares during the period. Institutional investors and hedge funds own 70.01% of the company’s stock.

Wall Street Analyst Weigh In

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

QCR Price Performance

NASDAQ QCRH opened at $75.54 on Friday. The company has a 50-day moving average price of $72.98 and a two-hundred day moving average price of $62.89. The stock has a market cap of $1.27 billion, a price-to-earnings ratio of 11.26 and a beta of 0.95. The company has a current ratio of 1.04, a quick ratio of 1.00 and a debt-to-equity ratio of 0.82. QCR Holdings, Inc. has a 52 week low of $45.83 and a 52 week high of $79.61.

QCR (NASDAQ:QCRH) last issued its quarterly earnings data on Wednesday, July 24th. The bank reported $1.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.39 by $0.34. QCR had a return on equity of 12.90% and a net margin of 19.37%. The business had revenue of $150.64 million during the quarter, compared to analyst estimates of $82.20 million. During the same period in the prior year, the company posted $1.69 EPS. Analysts forecast that QCR Holdings, Inc. will post 6.33 EPS for the current year.

QCR Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 2nd. Investors of record on Friday, September 13th will be issued a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 0.32%. The ex-dividend date of this dividend is Friday, September 13th. QCR’s payout ratio is currently 3.58%.

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.