Wedge Capital Management L L P NC Sells 18,947 Shares of QCR Holdings, Inc. (NASDAQ:QCRH)

Wedge Capital Management L L P NC reduced its stake in QCR Holdings, Inc. (NASDAQ:QCRH - Free Report) by 27.8% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 49,246 shares of the bank's stock after selling 18,947 shares during the quarter. Wedge Capital Management L L P NC owned about 0.29% of QCR worth $3,646,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Denali Advisors LLC increased its position in shares of QCR by 111.4% during the first quarter. Denali Advisors LLC now owns 18,600 shares of the bank's stock valued at $1,130,000 after acquiring an additional 9,800 shares in the last quarter. Miller Howard Investments Inc. NY bought a new stake in shares of QCR in the 2nd quarter worth $303,000. Price T Rowe Associates Inc. MD increased its holdings in shares of QCR by 12.9% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 4,713 shares of the bank's stock worth $287,000 after purchasing an additional 539 shares in the last quarter. Inspire Investing LLC bought a new position in shares of QCR during the third quarter valued at $818,000. Finally, Dimensional Fund Advisors LP boosted its position in shares of QCR by 1.3% during the second quarter. Dimensional Fund Advisors LP now owns 1,046,495 shares of the bank's stock valued at $62,787,000 after buying an additional 13,567 shares during the last quarter. Hedge funds and other institutional investors own 70.01% of the company's stock.

Wall Street Analysts Forecast Growth

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

QCR Stock Performance

Shares of NASDAQ QCRH traded up $1.93 during midday trading on Wednesday, hitting $81.55. 78,319 shares of the stock traded hands, compared to its average volume of 60,816. The firm has a market capitalization of $1.37 billion, a P/E ratio of 12.10 and a beta of 0.94. QCR Holdings, Inc. has a one year low of $45.83 and a one year high of $81.85. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.00 and a current ratio of 1.04. The firm has a 50-day moving average of $74.02 and a two-hundred day moving average of $65.00.

QCR (NASDAQ:QCRH - Get Free Report) last posted its earnings results on Wednesday, July 24th. The bank reported $1.73 earnings per share for the quarter, beating analysts' consensus estimates of $1.39 by $0.34. QCR had a return on equity of 12.90% and a net margin of 19.37%. The company had revenue of $150.64 million for the quarter, compared to the consensus estimate of $82.20 million. During the same quarter in the prior year, the company earned $1.69 earnings per share. On average, equities analysts forecast that QCR Holdings, Inc. will post 6.34 EPS for the current fiscal year.

QCR Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 2nd. Shareholders of record on Friday, September 13th were issued a dividend of $0.06 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a $0.24 dividend on an annualized basis and a yield of 0.29%. QCR's dividend payout ratio is currently 3.58%.

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.