New Age Alpha Advisors LLC Invests $46,000 in QCR Holdings, Inc. (NASDAQ:QCRH)

New Age Alpha Advisors LLC purchased a new position in shares of QCR Holdings, Inc. (NASDAQ:QCRH) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 643 shares of the bank’s stock, valued at approximately $46,000.

Several other hedge funds have also made changes to their positions in QCRH. LPL Financial LLC acquired a new stake in shares of QCR during the fourth quarter worth about $263,000. Geode Capital Management LLC raised its holdings in QCR by 0.3% in the fourth quarter. Geode Capital Management LLC now owns 402,487 shares of the bank’s stock valued at $32,464,000 after acquiring an additional 1,294 shares in the last quarter. Wells Fargo & Company MN raised its holdings in QCR by 15.3% in the fourth quarter. Wells Fargo & Company MN now owns 14,967 shares of the bank’s stock valued at $1,207,000 after acquiring an additional 1,991 shares in the last quarter. Invesco Ltd. raised its holdings in QCR by 9.8% in the fourth quarter. Invesco Ltd. now owns 34,575 shares of the bank’s stock valued at $2,788,000 after acquiring an additional 3,083 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in QCR in the fourth quarter valued at approximately $3,979,000. Institutional investors and hedge funds own 70.01% of the company’s stock.

QCR Stock Up 0.7%

QCRH stock opened at $71.02 on Tuesday. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.42. QCR Holdings, Inc. has a twelve month low of $60.83 and a twelve month high of $96.08. The company’s 50 day moving average is $70.08 and its two-hundred day moving average is $70.71. The stock has a market cap of $1.20 billion, a P/E ratio of 10.70 and a beta of 0.83.

QCR (NASDAQ:QCRH) last released its quarterly earnings data on Wednesday, July 23rd. The bank reported $1.73 earnings per share for the quarter, topping analysts’ consensus estimates of $1.63 by $0.10. QCR had a net margin of 19.43% and a return on equity of 11.86%. The company had revenue of $84.20 million for the quarter, compared to analysts’ expectations of $95.11 million. Research analysts expect that QCR Holdings, Inc. will post 6.82 earnings per share for the current fiscal year.

QCR Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 3rd. Stockholders of record on Wednesday, June 18th were given a dividend of $0.06 per share. The ex-dividend date was Wednesday, June 18th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.3%. QCR’s dividend payout ratio (DPR) is 3.61%.

Wall Street Analysts Forecast Growth

QCRH has been the topic of several analyst reports. Piper Sandler raised their target price on shares of QCR from $88.00 to $92.50 and gave the company an “overweight” rating in a report on Monday, July 28th. DA Davidson raised their target price on shares of QCR from $80.00 to $87.00 and gave the company a “buy” rating in a report on Friday, July 25th. Wall Street Zen raised shares of QCR from a “sell” rating to a “hold” rating in a report on Saturday, July 26th. Raymond James Financial set a $78.00 target price on shares of QCR and gave the company an “outperform” rating in a report on Thursday, April 24th. Finally, Keefe, Bruyette & Woods reissued an “outperform” rating and set a $92.00 price objective (up previously from $90.00) on shares of QCR in a report on Friday, July 25th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $87.38.

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.