Creative Planning Sells 810 Shares of QCR Holdings, Inc. (NASDAQ:QCRH)

Creative Planning cut its position in shares of QCR Holdings, Inc. (NASDAQ:QCRH) by 6.0% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,684 shares of the bank’s stock after selling 810 shares during the period. Creative Planning’s holdings in QCR were worth $761,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of QCRH. Innealta Capital LLC bought a new stake in shares of QCR during the second quarter valued at approximately $35,000. Lazard Asset Management LLC bought a new stake in QCR in the first quarter valued at $43,000. SG Americas Securities LLC bought a new stake in QCR in the first quarter valued at $116,000. Northwest Bank & Trust Co bought a new stake in QCR in the fourth quarter valued at $204,000. Finally, Susquehanna Fundamental Investments LLC bought a new stake in QCR in the first quarter valued at $205,000. 70.01% of the stock is currently owned by institutional investors.

QCR Price Performance

Shares of QCRH stock opened at $77.83 on Friday. The stock’s fifty day moving average is $73.65 and its 200-day moving average is $64.66. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.00 and a current ratio of 1.04. The stock has a market capitalization of $1.31 billion, a PE ratio of 11.55 and a beta of 0.94. QCR Holdings, Inc. has a 52 week low of $45.83 and a 52 week high of $79.61.

QCR (NASDAQ:QCRH) last announced its earnings results on Wednesday, July 24th. The bank reported $1.73 EPS for the quarter, topping the consensus estimate of $1.39 by $0.34. The company had revenue of $150.64 million for the quarter, compared to analysts’ expectations of $82.20 million. QCR had a return on equity of 12.90% and a net margin of 19.37%. During the same quarter in the prior year, the business earned $1.69 earnings per share. Equities research analysts expect that QCR Holdings, Inc. will post 6.34 EPS for the current fiscal year.

QCR Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 2nd. Stockholders of record on Friday, September 13th were issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.31%. The ex-dividend date of this dividend was Friday, September 13th. QCR’s payout ratio is presently 3.56%.

Analysts Set New Price Targets

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

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.