Alpha DNA Investment Management LLC Buys New Shares in QCR Holdings, Inc. (NASDAQ:QCRH)

Alpha DNA Investment Management LLC purchased a new stake in shares of QCR Holdings, Inc. (NASDAQ:QCRH - Free Report) in the third quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 6,148 shares of the bank's stock, valued at approximately $455,000.

Several other hedge funds have also bought and sold shares of the business. Rhumbline Advisers increased its stake in shares of QCR by 1.3% during the second quarter. Rhumbline Advisers now owns 26,407 shares of the bank's stock valued at $1,584,000 after purchasing an additional 341 shares in the last quarter. ClariVest Asset Management LLC raised its stake in QCR by 2.9% during the second quarter. ClariVest Asset Management LLC now owns 15,080 shares of the bank's stock valued at $905,000 after buying an additional 421 shares during the last quarter. Principal Financial Group Inc. raised its stake in QCR by 6.6% during the second quarter. Principal Financial Group Inc. now owns 7,472 shares of the bank's stock valued at $448,000 after buying an additional 463 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of QCR by 12.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 4,713 shares of the bank's stock worth $287,000 after acquiring an additional 539 shares during the last quarter. Finally, Innealta Capital LLC purchased a new stake in shares of QCR in the second quarter worth $35,000. Institutional investors own 70.01% of the company's stock.

QCR Stock Up 0.6 %

QCRH stock traded up $0.57 during midday trading on Monday, hitting $93.24. The company's stock had a trading volume of 68,873 shares, compared to its average volume of 62,282. The firm's 50-day moving average is $80.39 and its 200-day moving average is $70.47. The company has a current ratio of 1.02, a quick ratio of 0.99 and a debt-to-equity ratio of 0.67. QCR Holdings, Inc. has a 12 month low of $49.47 and a 12 month high of $96.08. The company has a market cap of $1.57 billion, a PE ratio of 13.45 and a beta of 0.93.

QCR (NASDAQ:QCRH - Get Free Report) last announced its quarterly earnings results on Wednesday, October 23rd. The bank reported $1.78 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.49 by $0.29. QCR had a return on equity of 12.92% and a net margin of 19.25%. The firm had revenue of $152.58 million for the quarter, compared to the consensus estimate of $84.00 million. During the same period in the prior year, the company posted $1.51 earnings per share. On average, equities research analysts forecast that QCR Holdings, Inc. will post 6.73 earnings per share for the current fiscal year.

QCR Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Friday, December 13th will be paid a $0.06 dividend. The ex-dividend date is Friday, December 13th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.26%. QCR's dividend payout ratio is presently 3.48%.

Wall Street Analysts Forecast Growth

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

Insider Transactions at QCR

In other QCR news, CAO Nick W. Anderson sold 675 shares of the firm's stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $81.93, for a total value of $55,302.75. Following the transaction, the chief accounting officer now directly owns 782 shares of the company's stock, valued at approximately $64,069.26. This trade represents a 46.33 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 3.70% of the company's stock.

QCR 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.