AlphaQuest LLC Has $1.12 Million Stock Position in QCR Holdings, Inc. $QCRH

Key Points

• AlphaQuest LLC increased its stake in QCR Holdings, Inc. by 58.7%, owning 15,698 shares valued at approximately $1.12 million as of the latest report.
• QCR Holdings recently reported earnings per share of $1.73, surpassing analysts' estimate of $1.63, while quarterly revenue stood at $84.20 million, falling short of the expected $95.11 million.
• The company announced a quarterly dividend of $0.06 per share, translating to an annualized dividend of $0.24 and a yield of 0.3%.

AlphaQuest LLC boosted its position in shares of QCR Holdings, Inc. (NASDAQ:QCRH - Free Report) by 58.7% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 15,698 shares of the bank's stock after purchasing an additional 5,805 shares during the period. AlphaQuest LLC owned 0.09% of QCR worth $1,120,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of QCRH. LPL Financial LLC acquired a new stake in QCR during the fourth quarter valued at $263,000. Wells Fargo & Company MN boosted its position in QCR by 15.3% during the fourth quarter. Wells Fargo & Company MN now owns 14,967 shares of the bank's stock valued at $1,207,000 after purchasing an additional 1,991 shares during the last quarter. Invesco Ltd. boosted its position in QCR by 9.8% during the fourth quarter. Invesco Ltd. now owns 34,575 shares of the bank's stock valued at $2,788,000 after purchasing an additional 3,083 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in QCR during the fourth quarter valued at $3,979,000. Finally, Barclays PLC boosted its position in QCR by 8.3% during the fourth quarter. Barclays PLC now owns 33,374 shares of the bank's stock valued at $2,692,000 after purchasing an additional 2,569 shares during the last quarter. Institutional investors and hedge funds own 70.01% of the company's stock.

QCR Price Performance

NASDAQ QCRH opened at $78.96 on Friday. QCR Holdings, Inc. has a fifty-two week low of $60.83 and a fifty-two week high of $96.08. The stock's 50-day moving average is $71.76 and its two-hundred day moving average is $70.63. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.98 and a quick ratio of 0.98. The firm has a market cap of $1.34 billion, a P/E ratio of 11.89 and a beta of 0.83.

QCR (NASDAQ:QCRH - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The bank reported $1.73 earnings per share for the quarter, beating the consensus estimate of $1.63 by $0.10. The company had revenue of $84.20 million for the quarter, compared to analyst estimates of $95.11 million. QCR had a return on equity of 11.71% and a net margin of 19.43%. On average, analysts anticipate that QCR Holdings, Inc. will post 6.82 earnings per share for the current fiscal year.

QCR Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 3rd. Stockholders of record on Thursday, September 18th will be paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.3%. QCR's payout ratio is presently 3.61%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on QCRH shares. Keefe, Bruyette & Woods reissued an "outperform" rating and set a $92.00 price objective (up previously from $90.00) on shares of QCR in a research report on Friday, July 25th. Wall Street Zen upgraded QCR from a "sell" rating to a "hold" rating in a report on Saturday, July 26th. Piper Sandler raised their target price on QCR from $88.00 to $92.50 and gave the company an "overweight" rating in a report on Monday, July 28th. Finally, DA Davidson raised their target price on QCR from $80.00 to $87.00 and gave the company a "buy" rating in a report on Friday, July 25th. Four research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus target price of $87.38.

About QCR

QCR Holdings, Inc, a multi-bank holding company, provides commercial and consumer banking, and trust and asset management services. The company's deposit products include noninterest-bearing demand, interest-bearing demand, time, and brokered deposits. It also provides various commercial and retail lending/leasing, and investment services to corporations, partnerships, individuals, and government agencies.

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