Squarepoint Ops LLC Has $310,000 Stake in QCR Holdings, Inc. (NASDAQ:QCRH)

Squarepoint Ops LLC cut its stake in QCR Holdings, Inc. (NASDAQ:QCRH) by 67.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,163 shares of the bank’s stock after selling 10,906 shares during the quarter. Squarepoint Ops LLC’s holdings in QCR were worth $310,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of QCRH. Innealta Capital LLC bought a new position in shares of QCR during the 2nd quarter worth approximately $35,000. Lazard Asset Management LLC bought a new stake in QCR during the first quarter worth $43,000. SG Americas Securities LLC purchased a new position in QCR in the first quarter worth $116,000. Susquehanna Fundamental Investments LLC bought a new position in QCR in the 1st quarter valued at $205,000. Finally, Northwest Bank & Trust Co bought a new position in QCR in the 4th quarter valued at $204,000. Institutional investors own 70.01% of the company’s stock.

QCR Trading Up 4.1 %

NASDAQ QCRH opened at $77.83 on Friday. The stock’s 50-day simple moving average is $73.52 and its two-hundred day simple moving average is $64.52. QCR Holdings, Inc. has a twelve month low of $45.83 and a twelve month high of $79.61. The company has a quick ratio of 1.00, a current ratio of 1.04 and a debt-to-equity ratio of 0.82. The company has a market capitalization of $1.31 billion, a price-to-earnings ratio of 11.55 and a beta of 0.94.

QCR (NASDAQ:QCRH) last announced its quarterly earnings results on Wednesday, July 24th. The bank reported $1.73 EPS for the quarter, topping 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 business had revenue of $150.64 million for the quarter, compared to analysts’ expectations of $82.20 million. During the same period in the previous year, the firm earned $1.69 EPS. Research analysts forecast that QCR Holdings, Inc. will post 6.34 EPS for the current fiscal year.

QCR Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 2nd. Investors of record on Friday, September 13th were issued a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 0.31%. The ex-dividend date was Friday, September 13th. QCR’s dividend payout ratio (DPR) is currently 3.56%.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods reissued an “outperform” rating and set a $82.00 price objective (up 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.