Victory Capital Management Inc. Reduces Position in QCR Holdings, Inc. (NASDAQ:QCRH)

Victory Capital Management Inc. lessened its stake in shares of QCR Holdings, Inc. (NASDAQ:QCRH) by 4.2% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 14,700 shares of the bank’s stock after selling 650 shares during the period. Victory Capital Management Inc. owned approximately 0.09% of QCR worth $882,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the stock. Dimensional Fund Advisors LP grew its position in QCR by 2.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,025,967 shares of the bank’s stock worth $59,907,000 after purchasing an additional 24,251 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in QCR by 2.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 131,470 shares of the bank’s stock worth $7,677,000 after purchasing an additional 2,956 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in QCR by 3.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 88,886 shares of the bank’s stock valued at $5,333,000 after acquiring an additional 3,270 shares during the period. Empowered Funds LLC lifted its stake in QCR by 8.0% during the 1st quarter. Empowered Funds LLC now owns 56,491 shares of the bank’s stock valued at $3,431,000 after acquiring an additional 4,200 shares during the period. Finally, Comerica Bank lifted its stake in QCR by 3.4% during the 1st quarter. Comerica Bank now owns 28,266 shares of the bank’s stock valued at $1,717,000 after acquiring an additional 938 shares during the period. Hedge funds and other institutional investors 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 from $70.00) on shares of QCR in a research note on Monday, July 29th.

QCR Stock Performance

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

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

QCR Announces Dividend

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

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.