Bessemer Group Inc. Acquires 100 Shares of QCR Holdings, Inc. (QCRH)
Bessemer Group Inc. raised its stake in shares of QCR Holdings, Inc. (NASDAQ:QCRH) by 0.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,300 shares of the bank’s stock after buying an additional 100 shares during the period. Bessemer Group Inc.’s holdings in QCR Holdings were worth $1,104,000 as of its most recent filing with the SEC.
Several other hedge funds have also modified their holdings of the stock. Bowling Portfolio Management LLC acquired a new stake in shares of QCR Holdings during the second quarter valued at $746,000. Municipal Employees Retirement System of Michigan acquired a new stake in shares of QCR Holdings during the second quarter valued at $723,000. Finally, First Quadrant L P CA acquired a new stake in shares of QCR Holdings during the second quarter valued at $468,000. Institutional investors and hedge funds own 61.66% of the company’s stock.
QCR Holdings, Inc. (QCRH) opened at 44.80 on Tuesday. The firm has a 50-day moving average of $46.77 and a 200-day moving average of $44.74. The firm has a market capitalization of $590.51 million, a price-to-earnings ratio of 18.43 and a beta of 0.61. QCR Holdings, Inc. has a 52-week low of $28.70 and a 52-week high of $50.00.
QCR Holdings (NASDAQ:QCRH) last announced its quarterly earnings data on Thursday, July 20th. The bank reported $0.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.66 by $0.01. The firm had revenue of $34.83 million for the quarter, compared to analyst estimates of $36.49 million. QCR Holdings had a return on equity of 11.17% and a net margin of 21.11%. On average, equities research analysts forecast that QCR Holdings, Inc. will post $2.72 EPS for the current fiscal year.
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Several analysts have recently weighed in on QCRH shares. Maxim Group reiterated a “buy” rating and set a $53.00 target price on shares of QCR Holdings in a research report on Thursday, June 15th. Keefe, Bruyette & Woods set a $52.00 target price on shares of QCR Holdings and gave the company a “buy” rating in a research report on Saturday, July 22nd. ValuEngine lowered shares of QCR Holdings from a “buy” rating to a “hold” rating in a research report on Thursday, July 6th. Finally, BidaskClub lowered shares of QCR Holdings from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. One equities research analyst has rated the stock with a sell rating and five have assigned a buy rating to the stock. QCR Holdings has a consensus rating of “Buy” and an average price target of $43.75.
In other QCR Holdings news, EVP Cathie Whiteside sold 2,675 shares of the stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $45.95, for a total transaction of $122,916.25. Following the sale, the executive vice president now directly owns 12,255 shares in the company, valued at $563,117.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders have sold 8,052 shares of company stock worth $370,937 over the last quarter. Corporate insiders own 8.80% of the company’s stock.
QCR Holdings Company Profile
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), and Rockford Bank and Trust Company (RB&T), which provide full-service commercial and consumer banking and trust and asset management services.
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