Rhumbline Advisers Buys 341 Shares of QCR Holdings, Inc. (NASDAQ:QCRH)

Rhumbline Advisers grew its stake in QCR Holdings, Inc. (NASDAQ:QCRH) by 1.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,407 shares of the bank’s stock after purchasing an additional 341 shares during the quarter. Rhumbline Advisers owned approximately 0.16% of QCR worth $1,584,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Dimensional Fund Advisors LP grew its stake in QCR by 2.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,025,967 shares of the bank’s stock valued at $59,907,000 after buying an additional 24,251 shares during the last quarter. Denali Advisors LLC grew its position in shares of QCR by 111.4% in the first quarter. Denali Advisors LLC now owns 18,600 shares of the bank’s stock valued at $1,130,000 after purchasing an additional 9,800 shares during the last quarter. Janus Henderson Group PLC increased its stake in shares of QCR by 131.3% during the first quarter. Janus Henderson Group PLC now owns 16,301 shares of the bank’s stock worth $989,000 after purchasing an additional 9,253 shares during the period. Panagora Asset Management Inc. acquired a new stake in QCR during the 2nd quarter worth approximately $496,000. Finally, Principal Financial Group Inc. bought a new stake in QCR in the 1st quarter valued at $426,000. Institutional investors and hedge funds own 70.01% of the company’s stock.

QCR Trading Down 3.1 %

Shares of QCRH stock opened at $75.54 on Friday. The stock has a market cap of $1.27 billion, a P/E ratio of 11.26 and a beta of 0.95. QCR Holdings, Inc. has a 1 year low of $45.83 and a 1 year high of $79.61. The company has a current ratio of 1.04, a quick ratio of 1.00 and a debt-to-equity ratio of 0.82. The stock has a 50 day simple moving average of $72.98 and a 200 day simple moving average of $62.89.

QCR (NASDAQ:QCRH) last released its earnings results on Wednesday, July 24th. The bank reported $1.73 earnings per share for the quarter, beating 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 firm had revenue of $150.64 million during the quarter, compared to the consensus estimate of $82.20 million. During the same period in the prior year, the company posted $1.69 EPS. On average, research analysts predict that QCR Holdings, Inc. will post 6.33 earnings per share for the current fiscal year.

QCR Announces Dividend

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

Analyst Upgrades and Downgrades

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

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.