Squarepoint Ops LLC Raises Stock Holdings in QCR Holdings, Inc. $QCRH

Squarepoint Ops LLC boosted its stake in shares of QCR Holdings, Inc. (NASDAQ:QCRH) by 49.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,119 shares of the bank’s stock after buying an additional 6,355 shares during the quarter. Squarepoint Ops LLC owned 0.11% of QCR worth $1,298,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in QCRH. EntryPoint Capital LLC acquired a new position in shares of QCR in the 1st quarter worth approximately $210,000. Entropy Technologies LP purchased a new stake in QCR in the second quarter valued at approximately $210,000. Virtus Advisers LLC acquired a new position in QCR during the first quarter worth $260,000. Jump Financial LLC purchased a new position in shares of QCR during the second quarter worth $267,000. Finally, Quantbot Technologies LP grew its stake in shares of QCR by 174.6% in the first quarter. Quantbot Technologies LP now owns 4,240 shares of the bank’s stock valued at $302,000 after buying an additional 2,696 shares in the last quarter. 70.01% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on QCRH. Weiss Ratings restated a “hold (c+)” rating on shares of QCR in a report on Monday, December 15th. DA Davidson reissued a “neutral” rating and issued a $83.00 price objective on shares of QCR in a research note on Thursday, October 9th. Piper Sandler lifted their price objective on shares of QCR from $92.50 to $97.00 and gave the company an “overweight” rating in a report on Monday, October 27th. Raymond James Financial reaffirmed an “outperform” rating and set a $88.00 target price (up from $85.00) on shares of QCR in a research note on Monday, October 27th. Finally, Zacks Research upgraded shares of QCR from a “hold” rating to a “strong-buy” rating in a report on Monday, October 27th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $90.00.

QCR Stock Down 1.4%

QCRH stock opened at $85.55 on Friday. The company’s 50 day moving average price is $78.69 and its 200 day moving average price is $75.23. The firm has a market capitalization of $1.44 billion, a price-to-earnings ratio of 11.95 and a beta of 0.85. QCR Holdings, Inc. has a fifty-two week low of $60.83 and a fifty-two week high of $88.15. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.01 and a current ratio of 1.01.

QCR (NASDAQ:QCRH) last posted its quarterly earnings results on Friday, November 7th. The bank reported $2.17 EPS for the quarter. QCR had a net margin of 20.64% and a return on equity of 12.04%. The company had revenue of $101.45 million during the quarter. On average, equities research analysts anticipate that QCR Holdings, Inc. will post 6.82 EPS for the current fiscal year.

QCR Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 7th. Shareholders of record on Tuesday, December 23rd will be paid a $0.06 dividend. The ex-dividend date is Tuesday, December 23rd. This represents a $0.24 dividend on an annualized basis and a yield of 0.3%. QCR’s dividend payout ratio (DPR) is currently 3.35%.

About QCR

QCR Holdings, Inc, headquartered in Moline, Illinois, is a bank holding company that delivers community banking services through its wholly owned subsidiary, QCR Bank. The company focuses on serving individuals, small to medium-sized businesses and municipal clients in select Midwestern markets.

QCR Bank offers a broad array of deposit and lending products, including personal and business checking and savings accounts, commercial real estate loans, equipment financing, mortgage lending and treasury management solutions.