Maltese Capital Management LLC raised its holdings in shares of QCR Holdings, Inc. (NASDAQ:QCRH) by 8.0% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 345,500 shares of the bank’s stock after acquiring an additional 25,500 shares during the quarter. QCR makes up approximately 1.3% of Maltese Capital Management LLC’s holdings, making the stock its 20th biggest position. Maltese Capital Management LLC owned approximately 2.49% of QCR worth $15,720,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also modified their holdings of QCRH. Macquarie Group Ltd. bought a new position in shares of QCR during the 3rd quarter worth approximately $132,000. Citigroup Inc. grew its stake in shares of QCR by 142.1% during the 2nd quarter. Citigroup Inc. now owns 3,208 shares of the bank’s stock worth $152,000 after acquiring an additional 1,883 shares in the last quarter. Citadel Advisors LLC bought a new position in shares of QCR during the 2nd quarter worth approximately $200,000. Voya Investment Management LLC bought a new position in shares of QCR during the 2nd quarter worth approximately $224,000. Finally, SG Americas Securities LLC bought a new position in shares of QCR during the 3rd quarter worth approximately $231,000. 59.71% of the stock is owned by institutional investors.
Several brokerages have recently weighed in on QCRH. ValuEngine raised shares of QCR from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. BidaskClub downgraded QCR from a “sell” rating to a “strong sell” rating in a report on Saturday, August 12th. Maxim Group cut their price objective on QCR from $53.00 to $51.00 and set a “buy” rating for the company in a report on Friday, November 3rd. Finally, Piper Jaffray Companies set a $55.00 price objective on QCR and gave the company a “buy” rating in a report on Friday, October 6th. One research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. QCR presently has a consensus rating of “Buy” and an average price target of $52.67.
Shares of QCR Holdings, Inc. (QCRH) opened at $45.90 on Thursday. The company has a market capitalization of $636.11, a P/E ratio of 17.61, a PEG ratio of 1.74 and a beta of 0.54. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.93. QCR Holdings, Inc. has a twelve month low of $39.85 and a twelve month high of $50.00.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 4th. Stockholders of record on Friday, December 15th will be issued a $0.05 dividend. 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 presently 7.84%.
In other news, CFO Todd A. Gipple sold 5,920 shares of the stock in a transaction that occurred on Wednesday, September 13th. The stock was sold at an average price of $43.00, for a total value of $254,560.00. Following the completion of the sale, the chief financial officer now owns 49,162 shares of the company’s stock, valued at approximately $2,113,966. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 8.80% of the company’s stock.
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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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