US Bancorp DE Sells 600 Shares of QCR Holdings, Inc. (NASDAQ:QCRH)

US Bancorp DE cut its holdings in QCR Holdings, Inc. (NASDAQ:QCRH) by 26.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,690 shares of the bank’s stock after selling 600 shares during the period. US Bancorp DE’s holdings in QCR were worth $136,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the business. Principal Financial Group Inc. boosted its stake in shares of QCR by 11.2% during the 3rd quarter. Principal Financial Group Inc. now owns 8,306 shares of the bank’s stock worth $615,000 after purchasing an additional 834 shares during the period. Empowered Funds LLC boosted its stake in shares of QCR by 5.3% during the 3rd quarter. Empowered Funds LLC now owns 64,027 shares of the bank’s stock worth $4,740,000 after purchasing an additional 3,216 shares during the period. Quest Partners LLC purchased a new position in shares of QCR during the 3rd quarter worth about $62,000. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of QCR by 40.5% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 9,930 shares of the bank’s stock worth $735,000 after purchasing an additional 2,862 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of QCR by 1.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 136,698 shares of the bank’s stock worth $10,120,000 after purchasing an additional 2,328 shares during the period. 70.01% of the stock is currently owned by institutional investors.

QCR Price Performance

QCRH stock opened at $73.72 on Monday. QCR Holdings, Inc. has a 12 month low of $54.37 and a 12 month high of $96.08. 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 company 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 cap of $1.25 billion, a PE ratio of 10.99 and a beta of 0.98.

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

QCR Dividend Announcement

The business also recently disclosed 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. The ex-dividend date is Wednesday, March 19th. This represents a $0.24 annualized dividend and a yield of 0.33%. QCR’s dividend payout ratio (DPR) is 3.58%.

Insider Buying and Selling at QCR

In related news, EVP Nicole A. Lee acquired 1,094 shares of the stock in a transaction on Wednesday, January 29th. The stock was bought at an average cost of $78.47 per share, with a total value of $85,846.18. Following the transaction, the executive vice president now directly owns 1,881 shares in the company, valued at approximately $147,602.07. This represents a 139.01 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. 3.70% of the stock is owned by corporate insiders.

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.