25,440 Shares in QCR Holdings, Inc. (QCRH) Acquired by Systematic Financial Management LP
Systematic Financial Management LP acquired a new stake in shares of QCR Holdings, Inc. (NASDAQ:QCRH) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 25,440 shares of the bank’s stock, valued at approximately $1,158,000. Systematic Financial Management LP owned 0.19% of QCR as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Macquarie Group Ltd. purchased a new position in shares of QCR during the third quarter valued at approximately $132,000. Citigroup Inc. lifted its stake in shares of QCR by 142.1% during the second quarter. Citigroup Inc. now owns 3,208 shares of the bank’s stock valued at $152,000 after buying an additional 1,883 shares during the period. Citadel Advisors LLC purchased a new position in shares of QCR during the second quarter valued at approximately $200,000. Busey Trust CO purchased a new position in shares of QCR during the second quarter valued at approximately $213,000. Finally, Voya Investment Management LLC purchased a new position in shares of QCR during the second quarter valued at approximately $224,000. 59.65% of the stock is currently owned by institutional investors and hedge funds.
In related news, CFO Todd A. Gipple sold 5,920 shares of the company’s stock in a transaction that occurred on Wednesday, September 13th. The shares were sold at an average price of $43.00, for a total transaction of $254,560.00. Following the completion of the transaction, the chief financial officer now owns 49,162 shares of the company’s stock, valued at $2,113,966. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 8.80% of the company’s stock.
QCR Holdings, Inc. (QCRH) opened at $44.95 on Friday. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.95 and a current ratio of 0.95. The stock has a market cap of $630.56, a P/E ratio of 17.46, a P/E/G ratio of 1.72 and a beta of 0.55. QCR Holdings, Inc. has a one year low of $38.75 and a one year high of $50.00.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 4th. Investors of record on Friday, December 15th will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.44%. The ex-dividend date is Thursday, December 14th. QCR’s payout ratio is 7.84%.
Several brokerages recently issued reports on QCRH. ValuEngine raised shares of QCR from a “hold” rating to a “buy” rating in a research note on Friday. BidaskClub downgraded shares of QCR from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 12th. Piper Jaffray Companies set a $55.00 price objective on shares of QCR and gave the company a “buy” rating in a research note on Friday, October 6th. Finally, Maxim Group reduced their price objective on shares of QCR from $53.00 to $51.00 and set a “buy” rating on the stock in a research note on Friday, November 3rd. One equities research analyst has rated the stock with a sell rating and four have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $52.67.
QCR Company Profile
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), Rockford Bank and Trust Company (RB&T), and Guaranty Bank and Trust Company, which provide full-service commercial and consumer banking and trust and asset management services.
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