Principal Financial Group Inc. Boosts Stock Position in QCR Holdings, Inc. (NASDAQ:QCRH)

Principal Financial Group Inc. grew its holdings in shares of QCR Holdings, Inc. (NASDAQ:QCRH) by 11.2% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,306 shares of the bank’s stock after buying an additional 834 shares during the period. Principal Financial Group Inc.’s holdings in QCR were worth $615,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also made changes to their positions in the business. Rhumbline Advisers lifted its stake in QCR by 1.3% during the second quarter. Rhumbline Advisers now owns 26,407 shares of the bank’s stock worth $1,584,000 after purchasing an additional 341 shares during the last quarter. ClariVest Asset Management LLC raised its holdings in QCR by 2.9% during the second quarter. ClariVest Asset Management LLC now owns 15,080 shares of the bank’s stock worth $905,000 after purchasing an additional 421 shares in the last quarter. Point72 Asset Management L.P. purchased a new stake in shares of QCR during the 3rd quarter worth approximately $54,000. Quest Partners LLC acquired a new position in shares of QCR in the 3rd quarter valued at $62,000. Finally, Point72 DIFC Ltd purchased a new position in shares of QCR in the 3rd quarter valued at $65,000. 70.01% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other QCR news, CAO Nick W. Anderson sold 675 shares of QCR 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 transaction, 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 3.70% of the company’s stock.

QCR Price Performance

Shares of NASDAQ:QCRH opened at $79.68 on Monday. QCR Holdings, Inc. has a 12 month low of $53.22 and a 12 month high of $96.08. The firm has a market capitalization of $1.34 billion, a P/E ratio of 11.56 and a beta of 0.98. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.02 and a quick ratio of 0.99. The company’s fifty day moving average price is $86.64 and its 200 day moving average price is $76.49.

QCR (NASDAQ:QCRH) last posted its earnings results on Wednesday, October 23rd. The bank reported $1.78 EPS for the quarter, topping analysts’ consensus estimates of $1.49 by $0.29. The business had revenue of $152.58 million for the quarter, compared to analysts’ expectations of $84.00 million. QCR had a return on equity of 12.92% and a net margin of 19.25%. During the same quarter in the previous year, the firm earned $1.51 earnings per share. As a group, sell-side analysts predict that QCR Holdings, Inc. will post 6.73 earnings per share for the current fiscal year.

QCR Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Friday, December 13th were paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 0.30%. The ex-dividend date of this dividend was Friday, December 13th. QCR’s dividend payout ratio is currently 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.