Miller Howard Investments Inc. NY Makes New $303,000 Investment in QCR Holdings, Inc. (NASDAQ:QCRH)

Miller Howard Investments Inc. NY purchased a new stake in QCR Holdings, Inc. (NASDAQ:QCRH - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 5,051 shares of the bank's stock, valued at approximately $303,000.

Several other large investors also recently made changes to their positions in QCRH. New York State Common Retirement Fund raised its stake in shares of QCR by 25.0% during the fourth quarter. New York State Common Retirement Fund now owns 9,042 shares of the bank's stock valued at $528,000 after purchasing an additional 1,807 shares in the last quarter. Truist Financial Corp acquired a new position in QCR during the 4th quarter valued at about $371,000. Charles Schwab Investment Management Inc. raised its position in shares of QCR by 2.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 131,470 shares of the bank's stock worth $7,677,000 after buying an additional 2,956 shares in the last quarter. Teacher Retirement System of Texas lifted its stake in shares of QCR by 5.4% in the 4th quarter. Teacher Retirement System of Texas now owns 10,600 shares of the bank's stock worth $619,000 after acquiring an additional 540 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of QCR by 2.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,025,967 shares of the bank's stock valued at $59,907,000 after acquiring an additional 24,251 shares in the last quarter. Institutional investors and hedge funds own 70.01% of the company's stock.

Analysts Set New Price Targets

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

QCR Stock Performance

NASDAQ QCRH remained flat at $76.90 on Thursday. 65,609 shares of the company's stock were exchanged, compared to its average volume of 59,601. QCR Holdings, Inc. has a 52 week low of $45.83 and a 52 week high of $79.61. The company has a current ratio of 1.04, a quick ratio of 1.00 and a debt-to-equity ratio of 0.82. The business has a fifty day moving average price of $67.82 and a 200 day moving average price of $60.88. The company has a market capitalization of $1.29 billion, a PE ratio of 11.46 and a beta of 0.96.

QCR (NASDAQ:QCRH - Get Free Report) last released its earnings results on Wednesday, July 24th. The bank reported $1.73 EPS for the quarter, beating the consensus estimate of $1.39 by $0.34. The business had revenue of $150.64 million during the quarter, compared to analyst estimates of $82.20 million. QCR had a net margin of 19.37% and a return on equity of 12.90%. During the same period in the prior year, the business earned $1.69 earnings per share. Equities research analysts anticipate that QCR Holdings, Inc. will post 6.33 EPS for the current fiscal year.

QCR Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 2nd. Investors of record on Friday, September 13th will be issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.31%. The ex-dividend date is Friday, September 13th. QCR's payout ratio is 3.58%.

About QCR

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.