Versor Investments LP Invests $733,000 in QCR Holdings, Inc. (NASDAQ:QCRH)

Versor Investments LP purchased a new position in shares of QCR Holdings, Inc. (NASDAQ:QCRH - Free Report) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 9,900 shares of the bank's stock, valued at approximately $733,000. Versor Investments LP owned about 0.06% of QCR at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Innealta Capital LLC acquired a new stake in shares of QCR in the second quarter valued at about $35,000. Lazard Asset Management LLC acquired a new stake in shares of QCR in the first quarter valued at about $43,000. New York State Teachers Retirement System acquired a new stake in shares of QCR in the third quarter valued at about $111,000. SG Americas Securities LLC acquired a new stake in shares of QCR in the first quarter valued at about $116,000. Finally, Susquehanna Fundamental Investments LLC acquired a new stake in shares of QCR in the first quarter valued at about $205,000. 70.01% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CAO Nick W. Anderson sold 675 shares of the business's stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $81.93, for a total value of $55,302.75. Following the sale, the chief accounting officer now owns 782 shares of the company's stock, valued at $64,069.26. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 3.70% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods reaffirmed 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 QCRH traded up $1.19 during mid-day trading on Wednesday, reaching $93.19. The company's stock had a trading volume of 19,841 shares, compared to its average volume of 62,272. The company has a current ratio of 1.02, a quick ratio of 1.00 and a debt-to-equity ratio of 0.67. The stock has a market cap of $1.57 billion, a P/E ratio of 13.57 and a beta of 0.93. QCR Holdings, Inc. has a 1-year low of $49.47 and a 1-year high of $93.72. The business has a 50-day simple moving average of $77.41 and a two-hundred day simple moving average of $68.33.

QCR (NASDAQ:QCRH - Get Free Report) last announced its earnings results on Wednesday, October 23rd. The bank reported $1.78 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.49 by $0.29. The firm had revenue of $152.58 million for the quarter, compared to analyst estimates of $84.00 million. QCR had a net margin of 19.25% and a return on equity of 12.92%. During the same quarter in the prior year, the business posted $1.51 EPS. As a group, equities research analysts anticipate 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 was paid on Wednesday, October 2nd. Stockholders of record on Friday, September 13th were issued a dividend of $0.06 per share. The ex-dividend date was Friday, September 13th. This represents a $0.24 annualized dividend and a dividend yield of 0.26%. QCR's dividend payout ratio (DPR) is presently 3.48%.

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.