Renaissance Technologies LLC lowered its stake in shares of QCR Holdings, Inc. (NASDAQ:QCRH) by 1.2% during the second quarter, Holdings Channel reports. The fund owned 539,900 shares of the bank’s stock after selling 6,700 shares during the period. Renaissance Technologies LLC’s holdings in QCR were worth $18,826,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of QCRH. Bank of Montreal Can purchased a new stake in shares of QCR during the second quarter worth $43,000. BNP Paribas Arbitrage SA increased its holdings in QCR by 68,350.0% in the first quarter. BNP Paribas Arbitrage SA now owns 2,738 shares of the bank’s stock valued at $93,000 after buying an additional 2,734 shares during the last quarter. SG Americas Securities LLC purchased a new position in QCR in the first quarter valued at $119,000. JPMorgan Chase & Co. increased its holdings in QCR by 25.4% in the second quarter. JPMorgan Chase & Co. now owns 4,053 shares of the bank’s stock valued at $140,000 after buying an additional 820 shares during the last quarter. Finally, Seacliff Capital LLC purchased a new position in QCR in the first quarter valued at $170,000. 60.09% of the stock is currently owned by institutional investors and hedge funds.

NASDAQ:QCRH traded down $0.43 during trading hours on Tuesday, hitting $38.25. The company’s stock had a trading volume of 579 shares, compared to its average volume of 36,058. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.42. QCR Holdings, Inc. has a 52-week low of $30.15 and a 52-week high of $43.70. The stock has a market capitalization of $616.67 million, a P/E ratio of 12.35, a price-to-earnings-growth ratio of 1.11 and a beta of 0.80. The stock has a fifty day moving average of $36.42 and a 200-day moving average of $34.76.

QCR (NASDAQ:QCRH) last released its quarterly earnings data on Tuesday, July 23rd. The bank reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.09. QCR had a net margin of 18.53% and a return on equity of 10.82%. The company had revenue of $55.08 million during the quarter, compared to the consensus estimate of $50.76 million. On average, sell-side analysts forecast that QCR Holdings, Inc. will post 3.54 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 2nd. Shareholders of record on Friday, September 20th will be paid a $0.06 dividend. The ex-dividend date of this dividend is Thursday, September 19th. This represents a $0.24 annualized dividend and a yield of 0.63%. QCR’s dividend payout ratio is presently 7.79%.

In other QCR news, insider Robert C. Fulp sold 1,500 shares of the company’s stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $39.00, for a total value of $58,500.00. Following the completion of the transaction, the insider now owns 28,009 shares in the company, valued at $1,092,351. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 7.20% of the company’s stock.

Several research firms recently commented on QCRH. Zacks Investment Research lowered QCR from a “buy” rating to a “hold” rating in a report on Wednesday, August 21st. BidaskClub raised QCR from a “strong sell” rating to a “sell” rating in a report on Thursday, September 12th. Finally, ValuEngine raised QCR from a “strong sell” rating to a “sell” rating in a report on Wednesday, May 29th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $41.75.

QCR Profile

QCR Holdings, Inc, a multi-bank holding company, provides commercial and consumer banking, and trust and asset management services. The company operates through Commercial Banking and Wealth Management segments. Its deposit products include noninterest and interest-bearing demand, time, and brokered time deposits.

Read More: What is the definition of a trade war?

Want to see what other hedge funds are holding QCRH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for QCR Holdings, Inc. (NASDAQ:QCRH).

Institutional Ownership by Quarter for QCR (NASDAQ:QCRH)

Receive News & Ratings for QCR Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for QCR and related companies with MarketBeat.com's FREE daily email newsletter.