QCR Holdings, Inc. (NASDAQ:QCRH) Stock Position Lifted by Geode Capital Management LLC

Geode Capital Management LLC boosted its stake in QCR Holdings, Inc. (NASDAQ:QCRH) by 1.1% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 401,193 shares of the bank’s stock after buying an additional 4,179 shares during the quarter. Geode Capital Management LLC’s holdings in QCR were worth $29,706,000 at the end of the most recent quarter.

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

Insiders Place Their Bets

In other news, CAO Nick W. Anderson sold 675 shares of the business’s stock in a transaction on Wednesday, October 30th. The shares were 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. The trade was a 46.33 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 3.70% of the company’s stock.

QCR Trading Up 0.9 %

NASDAQ:QCRH opened at $82.56 on Friday. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.99 and a current ratio of 1.02. The company has a market capitalization of $1.39 billion, a P/E ratio of 11.98 and a beta of 0.96. The stock’s 50 day moving average price is $86.44 and its 200 day moving average price is $75.27. QCR Holdings, Inc. has a 52 week low of $53.22 and a 52 week high of $96.08.

QCR (NASDAQ:QCRH) last announced its quarterly earnings results on Wednesday, October 23rd. The bank reported $1.78 EPS for the quarter, topping 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 company had revenue of $152.58 million for the quarter, compared to analyst estimates of $84.00 million. During the same quarter in the prior year, the business posted $1.51 EPS. On average, research analysts forecast that QCR Holdings, Inc. will post 6.73 EPS for the current fiscal year.

QCR Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Friday, December 13th will be issued a dividend of $0.06 per share. The ex-dividend date is Friday, December 13th. This represents a $0.24 annualized dividend and a yield of 0.29%. QCR’s dividend payout ratio (DPR) 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.