Versor Investments LP Invests $733,000 in QCR Holdings, Inc. (NASDAQ:QCRH)

Versor Investments LP bought a new position in QCR Holdings, Inc. (NASDAQ:QCRH) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 9,900 shares of the bank’s stock, valued at approximately $733,000. Versor Investments LP owned approximately 0.06% of QCR at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. American Century Companies Inc. grew its position in shares of QCR by 20.1% in the 2nd quarter. American Century Companies Inc. now owns 307,197 shares of the bank’s stock worth $18,432,000 after buying an additional 51,471 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings 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. Inspire Investing LLC acquired a new position in shares of QCR during the 3rd quarter worth about $818,000. Janus Henderson Group PLC lifted its holdings in QCR by 131.3% in the 1st quarter. Janus Henderson Group PLC now owns 16,301 shares of the bank’s stock valued at $989,000 after purchasing an additional 9,253 shares in the last quarter. Finally, Renaissance Technologies LLC increased its holdings in shares of QCR by 2.7% in the second quarter. Renaissance Technologies LLC now owns 335,172 shares of the bank’s stock valued at $20,110,000 after purchasing an additional 8,800 shares during the last quarter. Institutional investors own 70.01% of the company’s stock.

Insiders Place Their Bets

In other news, CAO Nick W. Anderson sold 675 shares of QCR stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $81.93, for a total transaction of $55,302.75. Following the sale, the chief accounting officer now owns 782 shares in the company, valued at $64,069.26. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 3.70% of the stock is owned by insiders.

Wall Street Analyst Weigh In

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

QCR Price Performance

Shares of NASDAQ QCRH opened at $92.00 on Wednesday. QCR Holdings, Inc. has a 1-year low of $48.44 and a 1-year high of $93.11. The stock has a fifty day moving average price of $77.41 and a 200 day moving average price of $68.33. The company has a market cap of $1.55 billion, a PE ratio of 13.37 and a beta of 0.93. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.04 and a quick ratio of 1.00.

QCR (NASDAQ:QCRH) last released its quarterly earnings results on Wednesday, October 23rd. The bank reported $1.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.49 by $0.29. QCR had a return on equity of 13.16% and a net margin of 19.25%. The business had revenue of $152.58 million during the quarter, compared to the consensus estimate of $84.00 million. During the same quarter in the previous year, the company posted $1.51 EPS. Sell-side analysts forecast that QCR Holdings, Inc. will post 6.73 EPS for the current year.

QCR Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 2nd. Stockholders of record on Friday, September 13th were paid a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.26%. The ex-dividend date of this dividend was Friday, September 13th. QCR’s dividend payout ratio is currently 3.48%.

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.