Dimensional Fund Advisors LP Acquires 13,567 Shares of QCR Holdings, Inc. (NASDAQ:QCRH)

Dimensional Fund Advisors LP boosted its holdings in QCR Holdings, Inc. (NASDAQ:QCRH) by 1.3% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,046,495 shares of the bank’s stock after purchasing an additional 13,567 shares during the quarter. Dimensional Fund Advisors LP owned 6.23% of QCR worth $62,787,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Innealta Capital LLC acquired a new stake in shares of QCR in the second quarter valued at approximately $35,000. Lazard Asset Management LLC bought a new position in QCR during the 1st quarter worth $43,000. SG Americas Securities LLC acquired a new position in QCR in the 1st quarter valued at $116,000. Northwest Bank & Trust Co bought a new stake in shares of QCR during the 4th quarter valued at $204,000. Finally, Susquehanna Fundamental Investments LLC acquired a new stake in shares of QCR during the 1st quarter worth $205,000. Institutional investors own 70.01% of the company’s stock.

QCR Stock Performance

Shares of NASDAQ:QCRH opened at $72.33 on Friday. QCR Holdings, Inc. has a 1 year low of $45.83 and a 1 year high of $79.61. The stock has a market capitalization of $1.22 billion, a price-to-earnings ratio of 10.78 and a beta of 0.95. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.04 and a quick ratio of 1.00. The company’s 50 day simple moving average is $73.44 and its 200 day simple moving average is $63.34.

QCR (NASDAQ:QCRH) last issued its earnings results on Wednesday, July 24th. The bank reported $1.73 earnings per share for the quarter, beating analysts’ consensus estimates of $1.39 by $0.34. QCR had a return on equity of 12.90% and a net margin of 19.37%. The firm had revenue of $150.64 million for the quarter, compared to the consensus estimate of $82.20 million. During the same quarter last year, the business posted $1.69 EPS. As a group, research analysts predict that QCR Holdings, Inc. will post 6.33 EPS for the current fiscal year.

QCR Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 2nd. Shareholders of record on Friday, September 13th will be paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.33%. The ex-dividend date is Friday, September 13th. QCR’s payout ratio is 3.58%.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods reaffirmed an “outperform” rating and issued a $82.00 price target (up previously from $70.00) on shares of QCR in a research note on Monday, July 29th.

QCR Company Profile

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.