QCR Holdings, Inc. (NASDAQ:QCRH) Shares Bought by JPMorgan Chase & Co.

JPMorgan Chase & Co. lifted its position in shares of QCR Holdings, Inc. (NASDAQ:QCRH) by 10.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 421,843 shares of the bank’s stock after acquiring an additional 41,043 shares during the quarter. JPMorgan Chase & Co. owned 2.50% of QCR worth $31,229,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its position in QCR by 1.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,046,495 shares of the bank’s stock worth $62,787,000 after purchasing an additional 13,567 shares during the period. State Street Corp boosted its stake in shares of QCR by 3.4% in the third quarter. State Street Corp now owns 481,809 shares of the bank’s stock valued at $35,696,000 after buying an additional 16,006 shares in the last quarter. Geode Capital Management LLC grew its holdings in QCR by 1.1% during the third quarter. Geode Capital Management LLC now owns 401,193 shares of the bank’s stock worth $29,706,000 after acquiring an additional 4,179 shares during the period. Renaissance Technologies LLC raised its position in QCR by 2.7% in the second quarter. Renaissance Technologies LLC now owns 335,172 shares of the bank’s stock worth $20,110,000 after acquiring an additional 8,800 shares in the last quarter. Finally, American Century Companies Inc. lifted its holdings in QCR by 20.1% in the second quarter. American Century Companies Inc. now owns 307,197 shares of the bank’s stock valued at $18,432,000 after acquiring an additional 51,471 shares during the period. 70.01% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CAO Nick W. Anderson sold 675 shares of the firm’s stock in a transaction on Wednesday, October 30th. The stock was 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 in the company, valued at $64,069.26. This trade represents a 46.33 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 3.70% of the stock is currently owned by insiders.

QCR Price Performance

Shares of NASDAQ QCRH opened at $80.01 on Tuesday. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.99 and a current ratio of 1.02. QCR Holdings, Inc. has a one year low of $53.22 and a one year high of $96.08. The firm has a market capitalization of $1.35 billion, a P/E ratio of 11.61 and a beta of 0.98. The company’s fifty day moving average is $86.61 and its two-hundred day moving average is $76.80.

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

QCR Announces Dividend

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