Alpha DNA Investment Management LLC Acquires New Stake in QCR Holdings, Inc. (NASDAQ:QCRH)

Alpha DNA Investment Management LLC bought a new stake in QCR Holdings, Inc. (NASDAQ:QCRH) in the 3rd quarter, according to its most recent disclosure with the SEC. The fund bought 6,148 shares of the bank’s stock, valued at approximately $455,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Dimensional Fund Advisors LP increased its stake in QCR by 1.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,046,495 shares of the bank’s stock worth $62,787,000 after buying an additional 13,567 shares during the period. Renaissance Technologies LLC increased its position in shares of QCR by 2.7% in the 2nd quarter. Renaissance Technologies LLC now owns 335,172 shares of the bank’s stock valued at $20,110,000 after purchasing an additional 8,800 shares during the last quarter. American Century Companies Inc. lifted its position in shares of QCR by 20.1% during the 2nd quarter. American Century Companies Inc. now owns 307,197 shares of the bank’s stock worth $18,432,000 after purchasing an additional 51,471 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in QCR by 1.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 136,698 shares of the bank’s stock worth $10,120,000 after buying an additional 2,328 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in shares of 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 acquiring an additional 3,270 shares during the last quarter. 70.01% of the stock is currently owned by hedge funds and other institutional investors.

QCR Stock Up 1.9 %

Shares of NASDAQ:QCRH opened at $92.67 on Monday. QCR Holdings, Inc. has a 1-year low of $49.47 and a 1-year high of $93.72. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.02 and a quick ratio of 0.99. The stock has a market cap of $1.56 billion, a P/E ratio of 13.45 and a beta of 0.93. The firm has a fifty day moving average price of $80.39 and a 200 day moving average price of $70.38.

QCR (NASDAQ:QCRH) last announced its earnings results on Wednesday, October 23rd. The bank reported $1.78 earnings per share for the quarter, topping the consensus estimate of $1.49 by $0.29. The business had revenue of $152.58 million during the quarter, compared to the consensus estimate 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 firm earned $1.51 earnings per share. Sell-side analysts predict that QCR Holdings, Inc. will post 6.73 EPS for the current year.

QCR Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Friday, December 13th will be paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.26%. QCR’s dividend payout ratio (DPR) is presently 3.48%.

Insider Buying and Selling

In related news, CAO Nick W. Anderson sold 675 shares of the stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $81.93, for a total transaction of $55,302.75. Following the completion of the transaction, the chief accounting officer now directly owns 782 shares of the company’s stock, valued at $64,069.26. This represents a 46.33 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 3.70% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.