QCR Holdings, Inc. (NASDAQ:QCRH) Shares Purchased by Geode Capital Management LLC

Geode Capital Management LLC lifted its stake in QCR Holdings, Inc. (NASDAQ:QCRH) by 1.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 401,193 shares of the bank’s stock after acquiring an additional 4,179 shares during the period. Geode Capital Management LLC owned 2.38% of QCR worth $29,706,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Innealta Capital LLC acquired a new stake in QCR in the second quarter worth approximately $35,000. Point72 Asset Management L.P. acquired a new stake in shares of QCR in the third quarter valued at $54,000. Quest Partners LLC bought a new position in QCR during the third quarter valued at about $62,000. Point72 DIFC Ltd acquired a new position in QCR during the third quarter worth about $65,000. Finally, New York State Teachers Retirement System bought a new stake in QCR in the third quarter worth about $111,000. 70.01% of the stock is currently owned by institutional investors.

Insider Activity

In related news, CAO Nick W. Anderson sold 675 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief accounting officer now owns 782 shares of the company’s stock, valued at approximately $64,069.26. This trade represents a 46.33 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 3.70% of the stock is currently owned by company insiders.

QCR Stock Performance

NASDAQ:QCRH opened at $82.56 on Friday. The company has a 50-day moving average of $86.44 and a 200-day moving average of $75.27. The firm has a market cap of $1.39 billion, a price-to-earnings ratio of 11.98 and a beta of 0.96. 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 twelve month low of $53.22 and a twelve month high of $96.08.

QCR (NASDAQ:QCRH) last issued its 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 firm had revenue of $152.58 million during the quarter, compared to analysts’ expectations of $84.00 million. QCR had a net margin of 19.25% and a return on equity of 12.92%. During the same period last year, the firm posted $1.51 earnings per share. Analysts forecast that QCR Holdings, Inc. will post 6.73 earnings per share for the current fiscal year.

QCR Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Friday, December 13th will be given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.29%. The ex-dividend date of this dividend is Friday, December 13th. QCR’s dividend payout ratio (DPR) is presently 3.48%.

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.