QCR Holdings, Inc. (QCRH) Shares Bought by Vanguard Group Inc.

Vanguard Group Inc. boosted its stake in QCR Holdings, Inc. (NASDAQ:QCRH) by 7.4% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 513,341 shares of the bank’s stock after purchasing an additional 35,533 shares during the quarter. Vanguard Group Inc. owned about 3.90% of QCR Holdings worth $24,332,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Northern Trust Corp raised its position in shares of QCR Holdings by 5.7% during the 2nd quarter. Northern Trust Corp now owns 156,953 shares of the bank’s stock valued at $7,439,000 after buying an additional 8,532 shares in the last quarter. Citigroup Inc. raised its position in shares of QCR Holdings by 142.1% during the 2nd quarter. Citigroup Inc. now owns 3,208 shares of the bank’s stock valued at $152,000 after buying an additional 1,883 shares in the last quarter. Menta Capital LLC raised its position in shares of QCR Holdings by 50.1% during the 2nd quarter. Menta Capital LLC now owns 36,973 shares of the bank’s stock valued at $1,753,000 after buying an additional 12,342 shares in the last quarter. Thrivent Financial For Lutherans purchased a new stake in shares of QCR Holdings during the 2nd quarter valued at about $1,934,000. Finally, Nationwide Fund Advisors raised its position in shares of QCR Holdings by 2.8% during the 2nd quarter. Nationwide Fund Advisors now owns 16,981 shares of the bank’s stock valued at $805,000 after buying an additional 463 shares in the last quarter. Hedge funds and other institutional investors own 62.08% of the company’s stock.

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Several analysts have recently issued reports on the stock. ValuEngine cut shares of QCR Holdings from a “buy” rating to a “hold” rating in a research report on Thursday, November 9th. BidaskClub cut shares of QCR Holdings from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 12th. Maxim Group decreased their target price on shares of QCR Holdings from $53.00 to $51.00 and set a “buy” rating on the stock in a research report on Friday, November 3rd. Piper Jaffray Companies set a $55.00 target price on shares of QCR Holdings and gave the company a “buy” rating in a research report on Friday, October 6th. Finally, Keefe, Bruyette & Woods set a $52.00 target price on shares of QCR Holdings and gave the company a “buy” rating in a research report on Saturday, July 22nd. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $52.67.

Shares of QCR Holdings, Inc. (NASDAQ QCRH) opened at $42.25 on Tuesday. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.93. The stock has a market cap of $583.34, a PE ratio of 16.15, a PEG ratio of 1.60 and a beta of 0.59. QCR Holdings, Inc. has a 1 year low of $36.40 and a 1 year high of $50.00.

In related news, CFO Todd A. Gipple sold 5,920 shares of the company’s stock in a transaction dated Wednesday, September 13th. The shares were sold at an average price of $43.00, for a total transaction of $254,560.00. Following the transaction, the chief financial officer now directly owns 49,162 shares in the company, valued at approximately $2,113,966. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 8.80% of the company’s stock.

QCR Holdings Profile

QCR Holdings, Inc is a multi-bank holding company. The Company serves the Quad Cities, Cedar Rapids, Waterloo/Cedar Falls, Des Moines/Ankeny and Rockford communities through its banking subsidiaries, Quad City Bank and Trust Company (QCBT), Cedar Rapids Bank and Trust Company (CRBT), Community State Bank (CSB), Rockford Bank and Trust Company (RB&T), and Guaranty Bank and Trust Company, which provide full-service commercial and consumer banking and trust and asset management services.

Institutional Ownership by Quarter for QCR Holdings (NASDAQ:QCRH)

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