State Street Corp Purchases 16,006 Shares of QCR Holdings, Inc. (NASDAQ:QCRH)

State Street Corp increased its position in QCR Holdings, Inc. (NASDAQ:QCRH) by 3.4% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 481,809 shares of the bank’s stock after buying an additional 16,006 shares during the period. State Street Corp owned about 2.86% of QCR worth $35,696,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Bank of New York Mellon Corp increased its holdings in shares of QCR by 3.8% in the second quarter. Bank of New York Mellon Corp now owns 88,886 shares of the bank’s stock worth $5,333,000 after purchasing an additional 3,270 shares during the last quarter. Miller Howard Investments Inc. NY purchased a new stake in shares of QCR during the 2nd quarter worth approximately $303,000. Panagora Asset Management Inc. bought a new position in shares of QCR during the 2nd quarter valued at approximately $496,000. Innealta Capital LLC purchased a new position in shares of QCR in the second quarter valued at $35,000. Finally, Principal Financial Group Inc. increased its position in QCR by 6.6% in the second quarter. Principal Financial Group Inc. now owns 7,472 shares of the bank’s stock worth $448,000 after purchasing an additional 463 shares during the last quarter. 70.01% of the stock is owned by institutional investors.

QCR Stock Performance

NASDAQ:QCRH opened at $81.62 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 stock’s fifty day moving average is $86.32 and its 200 day moving average is $74.61. The firm has a market capitalization of $1.38 billion, a PE ratio of 11.85 and a beta of 0.96. QCR Holdings, Inc. has a fifty-two week low of $53.22 and a fifty-two week high of $96.08.

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

QCR Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Friday, December 13th will be given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.29%. The ex-dividend date is Friday, December 13th. QCR’s payout ratio is 3.48%.

Insider Activity

In other QCR news, CAO Nick W. Anderson sold 675 shares of the business’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 transaction of $55,302.75. Following the sale, the chief accounting officer now owns 782 shares of the company’s stock, valued at approximately $64,069.26. The trade was a 46.33 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 3.70% of the company’s stock.

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.