QCR Holdings, Inc. (QCRH) Position Boosted by Dimensional Fund Advisors LP
Dimensional Fund Advisors LP lifted its holdings in QCR Holdings, Inc. (NASDAQ:QCRH) by 11.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 225,146 shares of the bank’s stock after purchasing an additional 22,637 shares during the period. Dimensional Fund Advisors LP owned about 1.71% of QCR Holdings worth $10,672,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also made changes to their positions in the company. Citigroup Inc. increased its stake in QCR Holdings by 142.1% during the 2nd quarter. Citigroup Inc. now owns 3,208 shares of the bank’s stock worth $152,000 after buying an additional 1,883 shares in the last quarter. Citadel Advisors LLC purchased a new stake in QCR Holdings during the 2nd quarter worth approximately $200,000. Busey Trust CO purchased a new stake in QCR Holdings during the 2nd quarter worth approximately $213,000. Principal Financial Group Inc. purchased a new stake in QCR Holdings during the 2nd quarter worth approximately $244,000. Finally, Parametric Portfolio Associates LLC purchased a new stake in QCR Holdings during the 2nd quarter worth approximately $343,000. Hedge funds and other institutional investors own 62.08% of the company’s stock.
Several equities research analysts have commented on QCRH shares. Keefe, Bruyette & Woods set a $52.00 price objective on QCR Holdings and gave the stock a “buy” rating in a research note on Saturday, July 22nd. Piper Jaffray Companies set a $55.00 price objective on QCR Holdings and gave the stock a “buy” rating in a research note on Friday, October 6th. ValuEngine upgraded QCR Holdings from a “hold” rating to a “buy” rating in a research report on Monday, August 7th. Maxim Group dropped their price target on QCR Holdings from $53.00 to $51.00 and set a “buy” rating for the company in a research report on Friday, November 3rd. Finally, BidaskClub lowered QCR Holdings from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. One analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company’s stock. QCR Holdings has a consensus rating of “Hold” and a consensus target price of $52.67.
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Shares of QCR Holdings, Inc. (NASDAQ:QCRH) opened at $43.05 on Friday. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.95 and a quick ratio of 0.95. The stock has a market capitalization of $597.92, a P/E ratio of 16.56, a PEG ratio of 1.64 and a beta of 0.59. QCR Holdings, Inc. has a 52-week low of $36.85 and a 52-week high of $50.00.
In other news, CFO Todd A. Gipple sold 5,920 shares of the company’s stock in a transaction that occurred on Wednesday, September 13th. The stock was sold at an average price of $43.00, for a total value of $254,560.00. Following the completion of the sale, the chief financial officer now directly owns 49,162 shares in the company, valued at $2,113,966. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 8.80% of the stock is owned by corporate insiders.
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), 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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