QCR Holdings, Inc. (NASDAQ:QCRH) Position Trimmed by Creative Planning

Creative Planning lessened its holdings in shares of QCR Holdings, Inc. (NASDAQ:QCRH) by 6.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,684 shares of the bank’s stock after selling 810 shares during the quarter. Creative Planning owned approximately 0.08% of QCR worth $761,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Rhumbline Advisers grew its stake in QCR by 1.3% during the 2nd quarter. Rhumbline Advisers now owns 26,407 shares of the bank’s stock valued at $1,584,000 after acquiring an additional 341 shares in the last quarter. ClariVest Asset Management LLC grew its stake in QCR by 2.9% during the 2nd quarter. ClariVest Asset Management LLC now owns 15,080 shares of the bank’s stock valued at $905,000 after acquiring an additional 421 shares in the last quarter. Principal Financial Group Inc. grew its stake in QCR by 6.6% during the 2nd quarter. Principal Financial Group Inc. now owns 7,472 shares of the bank’s stock valued at $448,000 after acquiring an additional 463 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in QCR by 12.9% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 4,713 shares of the bank’s stock valued at $287,000 after acquiring an additional 539 shares in the last quarter. Finally, Innealta Capital LLC acquired a new stake in shares of QCR during the 2nd quarter valued at about $35,000. Hedge funds and other institutional investors own 70.01% of the company’s stock.

Analyst Ratings Changes

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

QCR Stock Up 4.1 %

QCRH opened at $77.83 on Friday. The business has a 50 day moving average price of $73.65 and a 200 day moving average price of $64.66. QCR Holdings, Inc. has a twelve month low of $45.83 and a twelve month high of $79.61. 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 market cap of $1.31 billion, a P/E ratio of 11.55 and a beta of 0.94.

QCR (NASDAQ:QCRH) last issued its quarterly earnings results on Wednesday, July 24th. The bank reported $1.73 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 company had revenue of $150.64 million during the quarter, compared to analyst estimates of $82.20 million. During the same period in the previous year, the company earned $1.69 earnings per share. Research analysts forecast that QCR Holdings, Inc. will post 6.34 EPS for the current year.

QCR Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 2nd. Stockholders of record on Friday, September 13th were issued a dividend of $0.06 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.31%. QCR’s dividend payout ratio (DPR) is presently 3.56%.

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.