8,261 Shares in QCR Holdings, Inc. (NASDAQ:QCRH) Purchased by Panagora Asset Management Inc.

Panagora Asset Management Inc. bought a new position in shares of QCR Holdings, Inc. (NASDAQ:QCRH - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 8,261 shares of the bank's stock, valued at approximately $496,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Dimensional Fund Advisors LP lifted its position in QCR by 2.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,025,967 shares of the bank's stock worth $59,907,000 after acquiring an additional 24,251 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of QCR by 2.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 131,470 shares of the bank's stock worth $7,677,000 after purchasing an additional 2,956 shares during the period. Bank of New York Mellon Corp grew its position in QCR by 3.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 88,886 shares of the bank's stock valued at $5,333,000 after buying an additional 3,270 shares during the last quarter. Empowered Funds LLC increased its stake in QCR by 8.0% in the 1st quarter. Empowered Funds LLC now owns 56,491 shares of the bank's stock valued at $3,431,000 after buying an additional 4,200 shares during the period. Finally, Assenagon Asset Management S.A. raised its position in QCR by 2.4% during the 1st quarter. Assenagon Asset Management S.A. now owns 30,406 shares of the bank's stock worth $1,847,000 after buying an additional 716 shares during the last quarter. Hedge funds and other institutional investors own 70.01% of the company's stock.

Analyst Ratings Changes

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

QCR Price Performance

QCRH stock traded down $1.54 on Wednesday, reaching $75.11. 36,243 shares of the company's stock were exchanged, compared to its average volume of 59,761. The stock has a fifty day moving average of $69.08 and a 200-day moving average of $61.35. The firm has a market cap of $1.26 billion, a PE ratio of 11.19 and a beta of 0.95. The company has a quick ratio of 1.00, a current ratio of 1.04 and a debt-to-equity ratio of 0.82. QCR Holdings, Inc. has a twelve month low of $45.83 and a twelve month high of $79.61.

QCR (NASDAQ:QCRH - Get Free Report) last posted its quarterly earnings results on Wednesday, July 24th. The bank reported $1.73 earnings per share for the quarter, topping analysts' consensus estimates of $1.39 by $0.34. The business had revenue of $150.64 million for the quarter, compared to analysts' expectations 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 company posted $1.69 EPS. As a group, equities analysts predict that QCR Holdings, Inc. will post 6.33 EPS for the current fiscal year.

QCR Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 2nd. Stockholders of record on Friday, September 13th will be paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.32%. The ex-dividend date of this dividend is Friday, September 13th. QCR's dividend payout ratio (DPR) 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.