Renaissance Technologies LLC lifted its stake in QCR Holdings, Inc. (NASDAQ:QCRH) by 2.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 381,200 shares of the bank’s stock after purchasing an additional 7,700 shares during the quarter. Renaissance Technologies LLC’s holdings in QCR were worth $16,334,000 as of its most recent SEC filing.
Other institutional investors also recently made changes to their positions in the company. Ramsey Quantitative Systems purchased a new position in shares of QCR in the 4th quarter valued at approximately $123,000. Macquarie Group Ltd. purchased a new position in shares of QCR in the 3rd quarter valued at approximately $132,000. SG Americas Securities LLC purchased a new position in shares of QCR in the 3rd quarter valued at approximately $231,000. Public Employees Retirement System of Ohio purchased a new position in shares of QCR in the 3rd quarter valued at approximately $428,000. Finally, Comerica Bank raised its position in shares of QCR by 79.9% in the 3rd quarter. Comerica Bank now owns 15,413 shares of the bank’s stock valued at $735,000 after purchasing an additional 6,846 shares during the last quarter. 61.02% of the stock is owned by hedge funds and other institutional investors.
QCRH has been the subject of several research analyst reports. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $54.00 price objective on shares of QCR in a research report on Friday, December 22nd. ValuEngine raised shares of QCR from a “hold” rating to a “buy” rating in a research report on Friday, March 2nd. DA Davidson reissued a “buy” rating and set a $56.00 price target on shares of QCR in a research report on Wednesday, December 20th. BidaskClub lowered shares of QCR from a “hold” rating to a “sell” rating in a research report on Thursday, January 4th. Finally, Maxim Group reissued a “buy” rating and set a $53.00 price target on shares of QCR in a research report on Friday, February 2nd. One investment analyst has rated the stock with a sell rating and six have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $53.60.
NASDAQ:QCRH opened at $44.85 on Friday. QCR Holdings, Inc. has a 12-month low of $39.85 and a 12-month high of $50.00. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.84. The company has a market cap of $624.83, a price-to-earnings ratio of 16.86, a price-to-earnings-growth ratio of 1.38 and a beta of 0.41.
QCR (NASDAQ:QCRH) last posted its quarterly earnings results on Thursday, February 1st. The bank reported $0.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.66 by $0.04. QCR had a net margin of 21.51% and a return on equity of 11.58%. The company had revenue of $41.51 million during the quarter, compared to analyst estimates of $39.74 million. analysts expect that QCR Holdings, Inc. will post 3.25 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 4th. Shareholders of record on Friday, March 16th will be given a dividend of $0.06 per share. The ex-dividend date is Thursday, March 15th. This is a positive change from QCR’s previous quarterly dividend of $0.05. This represents a $0.24 dividend on an annualized basis and a yield of 0.54%. QCR’s dividend payout ratio (DPR) is currently 9.02%.
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QCR Holdings, Inc is a multi-bank holding company. The Company serves the Quad Cities, Cedar Rapids, Waterloo/Cedar Falls, Des Moines/Ankeny and Rockford communities through its banking subsidiaries, Quad City Bank and Trust Company (QCBT), Cedar Rapids Bank and Trust Company (CRBT), Community State Bank (CSB), Rockford Bank and Trust Company (RB&T), and Guaranty Bank and Trust Company, which provide full-service commercial and consumer banking and trust and asset management services.
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