Renaissance Technologies LLC Has $25.51 Million Stock Holdings in QCR Holdings, Inc. (NASDAQ:QCRH)

Renaissance Technologies LLC trimmed its stake in shares of QCR Holdings, Inc. (NASDAQ:QCRH) by 4.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 316,372 shares of the bank’s stock after selling 13,100 shares during the period. Renaissance Technologies LLC owned about 1.88% of QCR worth $25,512,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Invesco Ltd. lifted its position in shares of QCR by 9.8% in the fourth quarter. Invesco Ltd. now owns 34,575 shares of the bank’s stock worth $2,788,000 after purchasing an additional 3,083 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in QCR in the 4th quarter worth approximately $829,000. Wells Fargo & Company MN lifted its position in QCR by 15.3% in the 4th quarter. Wells Fargo & Company MN now owns 14,967 shares of the bank’s stock worth $1,207,000 after buying an additional 1,991 shares in the last quarter. ExodusPoint Capital Management LP grew its holdings in shares of QCR by 48.9% during the 4th quarter. ExodusPoint Capital Management LP now owns 16,255 shares of the bank’s stock valued at $1,311,000 after acquiring an additional 5,338 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of QCR by 0.3% in the fourth quarter. Geode Capital Management LLC now owns 402,487 shares of the bank’s stock worth $32,464,000 after acquiring an additional 1,294 shares during the last quarter. Institutional investors and hedge funds own 70.01% of the company’s stock.

QCR Price Performance

NASDAQ QCRH opened at $63.60 on Friday. The company has a 50 day moving average price of $72.84 and a two-hundred day moving average price of $79.13. QCR Holdings, Inc. has a 12-month low of $54.37 and a 12-month high of $96.08. The stock has a market capitalization of $1.07 billion, a PE ratio of 9.48 and a beta of 0.81. The company has a quick ratio of 0.99, a current ratio of 1.02 and a debt-to-equity ratio of 0.67.

QCR (NASDAQ:QCRH) last posted its earnings results on Wednesday, January 22nd. The bank reported $1.93 EPS for the quarter, topping the consensus estimate of $1.74 by $0.19. QCR had a net margin of 19.06% and a return on equity of 12.68%. As a group, equities analysts predict that QCR Holdings, Inc. will post 6.82 earnings per share for the current fiscal year.

QCR Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Wednesday, March 19th were issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.38%. The ex-dividend date was Wednesday, March 19th. QCR’s dividend payout ratio is currently 3.58%.

Analyst Upgrades and Downgrades

Separately, Raymond James lowered their target price on QCR from $95.00 to $82.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 2nd.

Insider Activity at QCR

In other news, insider James D. Klein sold 630 shares of the stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $73.40, for a total value of $46,242.00. Following the completion of the sale, the insider now directly owns 428 shares of the company’s stock, valued at approximately $31,415.20. This represents a 59.55 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Nicole A. Lee bought 1,094 shares of the company’s stock in a transaction that occurred on Wednesday, January 29th. The shares were bought at an average cost of $78.47 per share, for a total transaction of $85,846.18. Following the transaction, the executive vice president now directly owns 1,881 shares of the company’s stock, valued at $147,602.07. This trade represents a 139.01 % increase in their position. The disclosure for this purchase can be found here. 3.70% of the stock is currently owned by company insiders.

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.