QCR Holdings, Inc. (NASDAQ:QCRH) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp cut its stake in QCR Holdings, Inc. (NASDAQ:QCRH) by 6.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 71,432 shares of the bank’s stock after selling 4,994 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.42% of QCR worth $5,760,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Y Intercept Hong Kong Ltd acquired a new position in shares of QCR during the 4th quarter worth approximately $599,000. New York State Common Retirement Fund raised its stake in shares of QCR by 23.7% during the 4th quarter. New York State Common Retirement Fund now owns 19,339 shares of the bank’s stock worth $1,559,000 after buying an additional 3,700 shares during the period. Principal Financial Group Inc. raised its stake in shares of QCR by 7.7% during the 4th quarter. Principal Financial Group Inc. now owns 8,946 shares of the bank’s stock worth $721,000 after buying an additional 640 shares during the period. Rhumbline Advisers raised its stake in shares of QCR by 0.6% during the 4th quarter. Rhumbline Advisers now owns 26,061 shares of the bank’s stock worth $2,102,000 after buying an additional 165 shares during the period. Finally, Empowered Funds LLC increased its position in shares of QCR by 5.1% during the fourth quarter. Empowered Funds LLC now owns 67,267 shares of the bank’s stock worth $5,424,000 after purchasing an additional 3,240 shares in the last quarter. 70.01% of the stock is owned by institutional investors and hedge funds.

QCR Stock Up 2.2 %

Shares of QCRH opened at $73.72 on Monday. 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 has a 50 day moving average price of $76.96 and a 200 day moving average price of $80.00. The stock has a market capitalization of $1.25 billion, a price-to-earnings ratio of 10.99 and a beta of 0.98. QCR Holdings, Inc. has a one year low of $54.37 and a one year high of $96.08.

QCR (NASDAQ:QCRH) last released its quarterly earnings results on Wednesday, January 22nd. The bank reported $1.93 earnings per share 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%. Equities research analysts forecast that QCR Holdings, Inc. will post 6.82 earnings per share for the current fiscal year.

QCR Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Wednesday, March 19th will be given a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 0.33%. The ex-dividend date is Wednesday, March 19th. QCR’s dividend payout ratio is currently 3.58%.

Insider Buying and Selling at QCR

In other QCR news, EVP Nicole A. Lee bought 1,094 shares of the business’s stock in a transaction dated Wednesday, January 29th. The shares were acquired at an average price of $78.47 per share, with a total value 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. The trade was a 139.01 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. 3.70% of the stock is owned by corporate insiders.

QCR 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.