Victory Capital Management Inc. Reduces Position in QCR Holdings, Inc. (NASDAQ:QCRH)

Victory Capital Management Inc. decreased its holdings in shares of QCR Holdings, Inc. (NASDAQ:QCRH) by 4.2% in the second quarter, Holdings Channel.com reports. The institutional investor owned 14,700 shares of the bank’s stock after selling 650 shares during the quarter. Victory Capital Management Inc.’s holdings in QCR were worth $882,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of QCRH. Charles Schwab Investment Management Inc. grew 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 buying an additional 2,956 shares in the last quarter. Teacher Retirement System of Texas grew its holdings in shares of QCR by 5.4% in the fourth quarter. Teacher Retirement System of Texas now owns 10,600 shares of the bank’s stock valued at $619,000 after purchasing an additional 540 shares during the period. Dimensional Fund Advisors LP grew 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 purchasing an additional 24,251 shares during the period. Summit Financial Strategies Inc. purchased a new stake in shares of QCR in the fourth quarter valued at about $211,000. Finally, Comerica Bank grew its holdings in shares of QCR by 1.3% in the fourth quarter. Comerica Bank now owns 27,328 shares of the bank’s stock valued at $1,596,000 after purchasing an additional 344 shares during the period. Hedge funds and other institutional investors own 70.01% of the company’s stock.

QCR Trading Down 3.1 %

Shares of QCRH opened at $75.54 on Friday. The company has a current ratio of 1.04, a quick ratio of 1.00 and a debt-to-equity ratio of 0.82. QCR Holdings, Inc. has a 12-month low of $45.83 and a 12-month high of $79.61. The firm has a 50-day moving average price of $72.98 and a 200 day moving average price of $62.89. The firm has a market capitalization of $1.27 billion, a P/E ratio of 11.26 and a beta of 0.95.

QCR (NASDAQ:QCRH) last announced its earnings results on Wednesday, July 24th. The bank reported $1.73 earnings per share for the quarter, topping the consensus estimate of $1.39 by $0.34. The company 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 quarter last year, the firm posted $1.69 earnings per share. Sell-side analysts forecast that QCR Holdings, Inc. will post 6.33 EPS for the current year.

QCR Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 2nd. Shareholders 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 yield of 0.32%. The ex-dividend date is Friday, September 13th. QCR’s dividend payout ratio (DPR) is presently 3.58%.

Wall Street Analysts Forecast Growth

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

QCR Company 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.