Shell Asset Management Co. Has $747,000 Stake in QCR Holdings, Inc. (NASDAQ:QCRH)
Shell Asset Management Co. held its position in shares of QCR Holdings, Inc. (NASDAQ:QCRH) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 15,770 shares of the bank’s stock at the end of the second quarter. Shell Asset Management Co.’s holdings in QCR Holdings were worth $747,000 at the end of the most recent reporting period.
Separately, First Quadrant L P CA acquired a new position in QCR Holdings during the second quarter worth approximately $468,000. 60.77% of the stock is currently owned by institutional investors.
Shares of QCR Holdings, Inc. (NASDAQ QCRH) opened at 44.40 on Friday. The firm has a market capitalization of $584.97 million, a P/E ratio of 18.26 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. The company has a 50-day moving average of $46.91 and a 200 day moving average of $44.67.
QCR Holdings (NASDAQ:QCRH) last posted its earnings results on Thursday, July 20th. The bank reported $0.65 EPS for the quarter, missing the consensus estimate of $0.66 by $0.01. The business had revenue of $34.83 million for the quarter, compared to the consensus estimate of $36.49 million. QCR Holdings had a return on equity of 11.34% and a net margin of 21.11%. Equities research analysts anticipate that QCR Holdings, Inc. will post $2.72 earnings per share for the current year.
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QCRH has been the subject of a number of recent research reports. Maxim Group restated a “buy” rating and set a $53.00 price objective on shares of QCR Holdings in a research note on Thursday, June 15th. ValuEngine upgraded shares of QCR Holdings from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Keefe, Bruyette & Woods restated a “buy” rating and set a $47.00 price objective on shares of QCR Holdings in a research note on Friday, April 21st. Finally, BidaskClub downgraded shares of QCR Holdings from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $43.75.
In related news, EVP Cathie Whiteside sold 5,000 shares of the business’s stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $46.23, for a total transaction of $231,150.00. Following the transaction, the executive vice president now directly owns 17,255 shares in the company, valued at $797,698.65. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Over the last 90 days, insiders have sold 8,052 shares of company stock worth $370,937. 8.80% of the stock is owned by corporate insiders.
About QCR Holdings
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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