Millennium Management LLC Has $2.72 Million Position in QCR Holdings, Inc. (QCRH)
Millennium Management LLC boosted its stake in shares of QCR Holdings, Inc. (NASDAQ:QCRH) by 30.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 84,629 shares of the bank’s stock after purchasing an additional 19,598 shares during the quarter. Millennium Management LLC owned approximately 0.54% of QCR worth $2,716,000 at the end of the most recent reporting period.
Other large investors also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP boosted its position in QCR by 14.0% during the 3rd quarter. Dimensional Fund Advisors LP now owns 510,487 shares of the bank’s stock valued at $20,853,000 after purchasing an additional 62,827 shares during the period. IndexIQ Advisors LLC boosted its position in QCR by 3.9% during the 3rd quarter. IndexIQ Advisors LLC now owns 50,685 shares of the bank’s stock valued at $2,070,000 after purchasing an additional 1,914 shares during the period. Strs Ohio boosted its position in QCR by 16.7% during the 4th quarter. Strs Ohio now owns 8,700 shares of the bank’s stock valued at $279,000 after purchasing an additional 1,248 shares during the period. Thrivent Financial for Lutherans boosted its position in QCR by 17.3% during the 3rd quarter. Thrivent Financial for Lutherans now owns 121,723 shares of the bank’s stock valued at $4,972,000 after purchasing an additional 17,956 shares during the period. Finally, Bessemer Group Inc. boosted its position in QCR by 165.7% during the 4th quarter. Bessemer Group Inc. now owns 9,300 shares of the bank’s stock valued at $298,000 after purchasing an additional 5,800 shares during the period. Institutional investors and hedge funds own 58.07% of the company’s stock.
A number of research analysts have issued reports on the company. Zacks Investment Research upgraded QCR from a “hold” rating to a “buy” rating and set a $39.00 price target for the company in a research report on Tuesday, April 16th. BidaskClub upgraded QCR from a “strong sell” rating to a “sell” rating in a research report on Wednesday, February 20th. Finally, Maxim Group reiterated a “buy” rating and set a $43.00 price target on shares of QCR in a research report on Monday, January 28th. Two research analysts have rated the stock with a sell rating and four have given a buy rating to the company’s stock. QCR presently has a consensus rating of “Hold” and a consensus price target of $42.75.
Shares of QCR stock opened at $34.91 on Monday. The firm has a market cap of $549.59 million, a PE ratio of 11.33, a P/E/G ratio of 0.99 and a beta of 0.72. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.80. QCR Holdings, Inc. has a 12-month low of $30.15 and a 12-month high of $49.60.
QCR (NASDAQ:QCRH) last announced its earnings results on Thursday, January 24th. The bank reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.88 by $0.03. The company had revenue of $54.87 million for the quarter, compared to analyst estimates of $48.73 million. QCR had a return on equity of 11.18% and a net margin of 19.21%. Equities research analysts predict that QCR Holdings, Inc. will post 3.53 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, April 3rd. Stockholders of record on Friday, March 15th were given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.69%. The ex-dividend date of this dividend was Thursday, March 14th. QCR’s dividend payout ratio (DPR) is presently 7.79%.
QCR Company Profile
QCR Holdings, Inc, a multi-bank holding company, provides commercial and consumer banking, and trust and asset management services. The company operates through Commercial Banking and Wealth Management segments. Its deposit products include noninterest and interest-bearing demand, time, and brokered time deposits.
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