Rhumbline Advisers Has $2.10 Million Stake in QCR Holdings, Inc. (NASDAQ:QCRH)

Rhumbline Advisers raised its stake in QCR Holdings, Inc. (NASDAQ:QCRH) by 0.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 26,061 shares of the bank’s stock after acquiring an additional 165 shares during the quarter. Rhumbline Advisers owned approximately 0.15% of QCR worth $2,102,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in QCRH. Point72 Asset Management L.P. acquired a new stake in QCR in the third quarter valued at approximately $54,000. R Squared Ltd bought a new position in shares of QCR in the 4th quarter valued at $64,000. Quest Partners LLC acquired a new stake in shares of QCR during the 3rd quarter valued at $62,000. Point72 DIFC Ltd bought a new stake in QCR during the 3rd quarter worth $65,000. Finally, New York State Teachers Retirement System acquired a new position in QCR in the 3rd quarter worth about $111,000. 70.01% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, EVP Nicole A. Lee purchased 1,094 shares of the company’s stock in a transaction dated Wednesday, January 29th. The shares were purchased at an average price of $78.47 per share, for a total transaction of $85,846.18. Following the transaction, the executive vice president now owns 1,881 shares of the company’s stock, valued at approximately $147,602.07. This trade represents a 139.01 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 3.70% of the company’s stock.

QCR Price Performance

QCR stock opened at $75.04 on Tuesday. The company has a market capitalization of $1.27 billion, a PE ratio of 11.18 and a beta of 0.97. The company has a current ratio of 1.02, a quick ratio of 0.99 and a debt-to-equity ratio of 0.67. The stock has a 50-day moving average price of $78.52 and a two-hundred day moving average price of $80.11. QCR Holdings, Inc. has a 12 month low of $54.37 and a 12 month high of $96.08.

QCR (NASDAQ:QCRH) last announced its quarterly earnings results on Wednesday, January 22nd. The bank reported $1.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.74 by $0.19. QCR had a net margin of 19.06% and a return on equity of 12.68%. Analysts expect that QCR Holdings, Inc. will post 6.82 EPS for the current year.

QCR Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Wednesday, March 19th will be given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.32%. The ex-dividend date of this dividend is Wednesday, March 19th. QCR’s dividend payout ratio is currently 3.58%.

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.