Raymond James Financial Inc. Buys Shares of 49,347 QCR Holdings, Inc. (NASDAQ:QCRH)

Raymond James Financial Inc. acquired a new position in QCR Holdings, Inc. (NASDAQ:QCRH) during the 4th quarter, Holdings Channel reports. The fund acquired 49,347 shares of the bank’s stock, valued at approximately $3,979,000.

A number of other large investors have also recently added to or reduced their stakes in QCRH. JPMorgan Chase & Co. raised its holdings in shares of QCR by 10.8% in the third quarter. JPMorgan Chase & Co. now owns 421,843 shares of the bank’s stock worth $31,229,000 after acquiring an additional 41,043 shares during the last quarter. Barclays PLC increased its holdings in shares of QCR by 148.9% during the 3rd quarter. Barclays PLC now owns 30,805 shares of the bank’s stock worth $2,281,000 after buying an additional 18,430 shares during the last quarter. Jane Street Group LLC increased its holdings in shares of QCR by 48.9% during the 3rd quarter. Jane Street Group LLC now owns 27,080 shares of the bank’s stock worth $2,005,000 after buying an additional 8,890 shares during the last quarter. Assenagon Asset Management S.A. purchased a new position in shares of QCR in the 4th quarter worth about $3,755,000. Finally, Principal Financial Group Inc. lifted its position in QCR by 11.2% during the third quarter. Principal Financial Group Inc. now owns 8,306 shares of the bank’s stock valued at $615,000 after buying an additional 834 shares in the last quarter. 70.01% of the stock is owned by institutional investors and hedge funds.

QCR Stock Performance

Shares of QCRH stock opened at $73.12 on Thursday. The company’s fifty day simple moving average is $76.05 and its 200-day simple moving average is $79.83. The company has a current ratio of 1.02, a quick ratio of 0.99 and a debt-to-equity ratio of 0.67. QCR Holdings, Inc. has a 52 week low of $54.37 and a 52 week high of $96.08. The company has a market cap of $1.24 billion, a PE ratio of 10.90 and a beta of 0.98.

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

QCR Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Wednesday, March 19th will be paid a dividend of $0.06 per share. The ex-dividend date is Wednesday, March 19th. This represents a $0.24 dividend on an annualized basis and a yield of 0.33%. QCR’s dividend payout ratio (DPR) is 3.58%.

Insiders Place Their Bets

In related news, EVP Nicole A. Lee bought 1,094 shares of the firm’s stock in a transaction on Wednesday, January 29th. The stock was bought at an average cost of $78.47 per share, for a total transaction of $85,846.18. Following the completion of the purchase, the executive vice president now directly owns 1,881 shares in the company, valued at approximately $147,602.07. The trade was a 139.01 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 sale, the insider now owns 428 shares in the company, valued at $31,415.20. The trade was a 59.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.70% of the stock is 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.