Geode Capital Management LLC Has $32.46 Million Position in QCR Holdings, Inc. (NASDAQ:QCRH)

Geode Capital Management LLC grew its holdings in QCR Holdings, Inc. (NASDAQ:QCRH) by 0.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 402,487 shares of the bank’s stock after buying an additional 1,294 shares during the quarter. Geode Capital Management LLC owned approximately 2.39% of QCR worth $32,464,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. Farther Finance Advisors LLC bought a new stake in shares of QCR during the fourth quarter worth $35,000. R Squared Ltd acquired a new stake in QCR in the fourth quarter worth about $64,000. LPL Financial LLC bought a new stake in QCR during the 4th quarter worth about $263,000. KLP Kapitalforvaltning AS acquired a new position in QCR during the 4th quarter valued at about $307,000. Finally, Janney Montgomery Scott LLC boosted its stake in shares of QCR by 2.9% in the 4th quarter. Janney Montgomery Scott LLC now owns 5,016 shares of the bank’s stock valued at $404,000 after purchasing an additional 142 shares during the last quarter. 70.01% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Raymond James decreased their price objective on QCR from $95.00 to $82.00 and set an “outperform” rating for the company in a research note on Wednesday, April 2nd.

QCR Price Performance

NASDAQ:QCRH opened at $65.90 on Thursday. The stock’s 50-day simple moving average is $72.05 and its 200 day simple moving average is $78.94. QCR Holdings, Inc. has a 52-week low of $54.55 and a 52-week high of $96.08. 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 cap of $1.11 billion, a P/E ratio of 9.82 and a beta of 0.81.

QCR (NASDAQ:QCRH) last posted its quarterly earnings results on Wednesday, January 22nd. The bank reported $1.93 EPS 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, sell-side analysts forecast that QCR Holdings, Inc. will post 6.82 EPS for the current fiscal year.

QCR Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Wednesday, March 19th were issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 0.36%. The ex-dividend date was Wednesday, March 19th. QCR’s dividend payout ratio is currently 3.58%.

Insider Buying and Selling

In related news, EVP Nicole A. Lee acquired 1,094 shares of the stock in a transaction dated Wednesday, January 29th. The stock was bought at an average price of $78.47 per share, for a total transaction of $85,846.18. Following the purchase, the executive vice president now directly owns 1,881 shares of the company’s stock, valued at $147,602.07. The trade was a 139.01 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider James D. Klein sold 630 shares of the business’s stock in a transaction that occurred on Friday, March 14th. The shares were 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 of the company’s stock, valued at approximately $31,415.20. This represents a 59.55 % decrease in their position. The disclosure for this sale can be found here. 3.70% of the stock is currently 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.