QCR Holdings, Inc. (NASDAQ:QCRH) Shares Bought by State Street Corp

State Street Corp grew its holdings in QCR Holdings, Inc. (NASDAQ:QCRH) by 3.4% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 481,809 shares of the bank’s stock after buying an additional 16,006 shares during the quarter. State Street Corp’s holdings in QCR were worth $35,696,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Rhumbline Advisers boosted its position in shares of QCR by 1.3% in the 2nd quarter. Rhumbline Advisers now owns 26,407 shares of the bank’s stock valued at $1,584,000 after purchasing an additional 341 shares during the period. ClariVest Asset Management LLC lifted its stake in shares of QCR by 2.9% in the 2nd quarter. ClariVest Asset Management LLC now owns 15,080 shares of the bank’s stock worth $905,000 after acquiring an additional 421 shares during the period. Principal Financial Group Inc. increased its stake in shares of QCR by 6.6% during the second quarter. Principal Financial Group Inc. now owns 7,472 shares of the bank’s stock worth $448,000 after acquiring an additional 463 shares during the period. Innealta Capital LLC purchased a new stake in QCR in the 2nd quarter valued at approximately $35,000. Finally, Point72 Asset Management L.P. acquired a new stake in shares of QCR in the 3rd quarter valued at approximately $54,000. 70.01% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at QCR

In related news, CAO Nick W. Anderson sold 675 shares of the stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $81.93, for a total value of $55,302.75. Following the completion of the sale, the chief accounting officer now directly owns 782 shares in the company, valued at approximately $64,069.26. This represents a 46.33 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 3.70% of the stock is owned by company insiders.

QCR Stock Performance

NASDAQ:QCRH opened at $81.62 on Friday. The stock has a market cap of $1.38 billion, a PE ratio of 11.85 and a beta of 0.96. QCR Holdings, Inc. has a fifty-two week low of $53.22 and a fifty-two week high of $96.08. The firm’s fifty day simple moving average is $86.32 and its 200-day simple moving average is $74.61. 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, October 23rd. The bank reported $1.78 earnings per share for the quarter, beating the consensus estimate of $1.49 by $0.29. QCR had a net margin of 19.25% and a return on equity of 12.92%. The firm had revenue of $152.58 million during the quarter, compared to the consensus estimate of $84.00 million. During the same period last year, the firm posted $1.51 EPS. Analysts expect that QCR Holdings, Inc. will post 6.73 earnings per share for the current fiscal year.

QCR Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Friday, December 13th will be paid a $0.06 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.24 annualized dividend and a yield of 0.29%. QCR’s payout ratio is currently 3.48%.

About QCR

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.