QCR Holdings, Inc. (NASDAQ:QCRH) Shares Purchased by JPMorgan Chase & Co.

JPMorgan Chase & Co. raised its stake in shares of QCR Holdings, Inc. (NASDAQ:QCRH) by 10.8% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 421,843 shares of the bank’s stock after buying an additional 41,043 shares during the quarter. JPMorgan Chase & Co.’s holdings in QCR were worth $31,229,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of QCRH. American Century Companies Inc. lifted its position in shares of QCR by 20.1% in the second quarter. American Century Companies Inc. now owns 307,197 shares of the bank’s stock valued at $18,432,000 after acquiring an additional 51,471 shares in the last quarter. Barclays PLC lifted its holdings in QCR by 148.9% in the 3rd quarter. Barclays PLC now owns 30,805 shares of the bank’s stock valued at $2,281,000 after purchasing an additional 18,430 shares in the last quarter. State Street Corp lifted its holdings in QCR by 3.4% in the 3rd quarter. State Street Corp now owns 481,809 shares of the bank’s stock valued at $35,696,000 after purchasing an additional 16,006 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of QCR by 1.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,046,495 shares of the bank’s stock worth $62,787,000 after purchasing an additional 13,567 shares during the last quarter. Finally, Wellington Management Group LLP grew its holdings in shares of QCR by 5.0% during the third quarter. Wellington Management Group LLP now owns 253,452 shares of the bank’s stock worth $18,763,000 after buying an additional 12,052 shares in the last quarter. Hedge funds and other institutional investors own 70.01% of the company’s stock.

Insider Buying and Selling at QCR

In other news, CAO Nick W. Anderson sold 675 shares of the company’s stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $81.93, for a total transaction of $55,302.75. Following the completion of the sale, the chief accounting officer now directly owns 782 shares in the company, valued at $64,069.26. This represents a 46.33 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. 3.70% of the stock is owned by company insiders.

QCR Stock Performance

Shares of QCRH opened at $80.01 on Tuesday. QCR Holdings, Inc. has a 1 year low of $53.22 and a 1 year high of $96.08. The company’s 50 day simple moving average is $86.61 and its 200 day simple moving average is $76.80. The company has a market capitalization of $1.35 billion, a price-to-earnings ratio of 11.61 and a beta of 0.98. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.99 and a current ratio of 1.02.

QCR (NASDAQ:QCRH) last issued its quarterly earnings results on Wednesday, October 23rd. The bank reported $1.78 earnings per share for the quarter, topping analysts’ consensus estimates of $1.49 by $0.29. The company had revenue of $152.58 million for the quarter, compared to analyst estimates of $84.00 million. QCR had a return on equity of 12.92% and a net margin of 19.25%. During the same quarter in the prior year, the company posted $1.51 EPS. On average, sell-side analysts predict that QCR Holdings, Inc. will post 6.73 EPS for the current year.

QCR Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Friday, December 13th were issued a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 0.30%. The ex-dividend date was Friday, December 13th. QCR’s dividend payout ratio (DPR) is 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.