SG Americas Securities LLC Takes Position in QCR Holdings, Inc. (NASDAQ:QCRH)

SG Americas Securities LLC purchased a new stake in shares of QCR Holdings, Inc. (NASDAQ:QCRH) during the 3rd quarter, HoldingsChannel reports. The institutional investor purchased 2,137 shares of the bank’s stock, valued at approximately $158,000.

A number of other large investors have also recently added to or reduced their stakes in QCRH. Dimensional Fund Advisors LP raised its position in QCR by 1.3% in the second quarter. Dimensional Fund Advisors LP now owns 1,046,495 shares of the bank’s stock valued at $62,787,000 after purchasing an additional 13,567 shares during the period. Renaissance Technologies LLC raised its holdings in QCR by 2.7% in the 2nd quarter. Renaissance Technologies LLC now owns 335,172 shares of the bank’s stock valued at $20,110,000 after buying an additional 8,800 shares during the period. American Century Companies Inc. raised its holdings in QCR by 20.1% in the 2nd quarter. American Century Companies Inc. now owns 307,197 shares of the bank’s stock valued at $18,432,000 after buying an additional 51,471 shares during the period. Bank of New York Mellon Corp lifted its position in QCR by 3.8% in the second quarter. Bank of New York Mellon Corp now owns 88,886 shares of the bank’s stock valued at $5,333,000 after buying an additional 3,270 shares during the last quarter. Finally, Empowered Funds LLC boosted its stake in QCR by 8.0% during the first quarter. Empowered Funds LLC now owns 56,491 shares of the bank’s stock worth $3,431,000 after buying an additional 4,200 shares during the period. 70.01% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

QCR Trading Up 0.1 %

Shares of NASDAQ QCRH opened at $78.16 on Friday. The company has a current ratio of 1.04, a quick ratio of 1.00 and a debt-to-equity ratio of 0.82. The stock has a market capitalization of $1.32 billion, a PE ratio of 11.60 and a beta of 0.94. QCR Holdings, Inc. has a twelve month low of $45.83 and a twelve month high of $82.00. The stock has a fifty day simple moving average of $75.35 and a 200-day simple moving average of $65.95.

QCR (NASDAQ:QCRH) last released its earnings results on Wednesday, July 24th. The bank reported $1.73 earnings per share for the quarter, beating the consensus estimate of $1.39 by $0.34. The company had revenue of $150.64 million during the quarter, compared to the consensus estimate of $82.20 million. QCR had a return on equity of 12.90% and a net margin of 19.37%. During the same period in the previous year, the company posted $1.69 EPS. On average, equities analysts forecast that QCR Holdings, Inc. will post 6.34 earnings per share for the current year.

QCR Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 2nd. Investors of record on Friday, September 13th were issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.31%. The ex-dividend date was Friday, September 13th. QCR’s dividend payout ratio (DPR) is currently 3.56%.

QCR 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.