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

US Bancorp DE cut its holdings in QCR Holdings, Inc. (NASDAQ:QCRHFree Report) 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:QCRHGet Free Report) 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

(Free Report)

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.

Featured Articles

Want to see what other hedge funds are holding QCRH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for QCR Holdings, Inc. (NASDAQ:QCRHFree Report).

Institutional Ownership by Quarter for QCR (NASDAQ:QCRH)

Receive News & Ratings for QCR Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for QCR and related companies with MarketBeat.com's FREE daily email newsletter.