QCR Holdings, Inc. (QCRH) Shares Bought by Menta Capital LLC
Menta Capital LLC grew its stake in shares of QCR Holdings, Inc. (NASDAQ:QCRH) by 50.1% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 36,973 shares of the bank’s stock after acquiring an additional 12,342 shares during the period. Menta Capital LLC owned about 0.28% of QCR Holdings worth $1,753,000 at the end of the most recent quarter.
Several other institutional investors also recently bought and sold shares of the company. Bessemer Group Inc. raised its stake in shares of QCR Holdings by 0.4% during the second quarter. Bessemer Group Inc. now owns 23,300 shares of the bank’s stock valued at $1,104,000 after acquiring an additional 100 shares in the last quarter. Nationwide Fund Advisors raised its stake in QCR Holdings by 2.8% in the second quarter. Nationwide Fund Advisors now owns 16,981 shares of the bank’s stock worth $805,000 after buying an additional 463 shares in the last quarter. Rhumbline Advisers raised its stake in QCR Holdings by 9.7% in the second quarter. Rhumbline Advisers now owns 13,478 shares of the bank’s stock worth $639,000 after buying an additional 1,196 shares in the last quarter. Teachers Advisors LLC raised its stake in QCR Holdings by 9.3% in the second quarter. Teachers Advisors LLC now owns 21,586 shares of the bank’s stock worth $1,023,000 after buying an additional 1,843 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its stake in QCR Holdings by 5.5% in the second quarter. Bank of New York Mellon Corp now owns 67,856 shares of the bank’s stock worth $3,217,000 after buying an additional 3,545 shares in the last quarter. 62.07% of the stock is owned by hedge funds and other institutional investors.
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Shares of QCR Holdings, Inc. (NASDAQ QCRH) opened at 43.85 on Friday. QCR Holdings, Inc. has a 1-year low of $28.70 and a 1-year high of $50.00. The stock has a market cap of $577.99 million, a PE ratio of 18.04 and a beta of 0.62. The stock has a 50 day moving average of $43.95 and a 200 day moving average of $44.71.
QCR Holdings (NASDAQ:QCRH) last released its earnings results on Thursday, July 20th. The bank reported $0.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.01). QCR Holdings had a net margin of 21.11% and a return on equity of 11.17%. The company had revenue of $34.83 million during the quarter, compared to analysts’ expectations of $36.49 million. Equities research analysts forecast that QCR Holdings, Inc. will post $2.72 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 4th. Shareholders of record on Friday, September 15th will be paid a dividend of $0.05 per share. The ex-dividend date is Thursday, September 14th. This represents a $0.20 annualized dividend and a yield of 0.47%. QCR Holdings’s dividend payout ratio is currently 8.23%.
In other news, CFO Todd A. Gipple sold 5,920 shares of the company’s stock in a transaction on Wednesday, September 13th. The shares were sold at an average price of $43.00, for a total value of $254,560.00. Following the completion of the transaction, the chief financial officer now directly owns 49,162 shares in the company, valued at $2,113,966. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Cathie Whiteside sold 2,675 shares of the company’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $45.95, for a total transaction of $122,916.25. Following the completion of the transaction, the executive vice president now owns 12,255 shares of the company’s stock, valued at $563,117.25. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 14,450 shares of company stock valued at $646,051. 8.80% of the stock is owned by insiders.
Several equities analysts have issued reports on the stock. Maxim Group reaffirmed a “buy” rating and issued a $53.00 price target on shares of QCR Holdings in a report on Thursday, June 15th. ValuEngine lowered shares of QCR Holdings from a “buy” rating to a “hold” rating in a report on Thursday, July 6th. Keefe, Bruyette & Woods set a $52.00 price target on shares of QCR Holdings and gave the company a “buy” rating in a report on Saturday, July 22nd. Finally, BidaskClub lowered shares of QCR Holdings from a “buy” rating to a “hold” rating in a report on Monday, July 24th. One research analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. QCR Holdings has an average rating of “Buy” and a consensus price target of $47.00.
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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