Denali Advisors LLC Buys 9,800 Shares of QCR Holdings, Inc. (NASDAQ:QCRH)

Denali Advisors LLC grew its stake in shares of QCR Holdings, Inc. (NASDAQ:QCRH) by 111.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 18,600 shares of the bank’s stock after buying an additional 9,800 shares during the period. Denali Advisors LLC’s holdings in QCR were worth $1,130,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. BKM Wealth Management LLC bought a new stake in QCR during the 4th quarter worth approximately $33,000. Northwest Bank & Trust Co purchased a new stake in QCR in the fourth quarter valued at approximately $204,000. Summit Financial Strategies Inc. purchased a new stake in QCR in the fourth quarter valued at approximately $211,000. Jag Capital Management LLC purchased a new stake in QCR in the fourth quarter valued at approximately $212,000. Finally, Truist Financial Corp purchased a new stake in QCR in the 4th quarter worth approximately $371,000. 70.01% of the stock is currently owned by institutional investors.

QCR Stock Performance

QCR stock traded down $1.38 during mid-day trading on Wednesday, hitting $58.32. The company had a trading volume of 28,122 shares, compared to its average volume of 53,587. The company has a current ratio of 1.00, a quick ratio of 0.95 and a debt-to-equity ratio of 0.54. QCR Holdings, Inc. has a 12-month low of $40.61 and a 12-month high of $62.94. The company’s fifty day moving average is $57.30 and its 200-day moving average is $57.38. The company has a market capitalization of $980.36 million, a price-to-earnings ratio of 8.69 and a beta of 0.96.

QCR (NASDAQ:QCRH) last released its quarterly earnings data on Tuesday, April 23rd. The bank reported $1.59 EPS for the quarter, topping the consensus estimate of $1.32 by $0.27. The business had revenue of $141.91 million for the quarter, compared to analyst estimates of $82.83 million. QCR had a return on equity of 13.23% and a net margin of 19.92%. During the same quarter in the prior year, the firm posted $1.65 EPS. Equities research analysts predict that QCR Holdings, Inc. will post 5.78 EPS for the current year.

QCR Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 3rd. Stockholders of record on Friday, June 14th will be paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.41%. The ex-dividend date is Friday, June 14th. QCR’s payout ratio is 3.58%.

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.