Farther Finance Advisors LLC Makes New $35,000 Investment in QCR Holdings, Inc. (NASDAQ:QCRH)

Farther Finance Advisors LLC acquired a new position in QCR Holdings, Inc. (NASDAQ:QCRH) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 428 shares of the bank’s stock, valued at approximately $35,000.

A number of other institutional investors have also recently made changes to their positions in the company. AlphaQuest LLC grew its holdings in shares of QCR by 1,080.5% during the fourth quarter. AlphaQuest LLC now owns 9,893 shares of the bank’s stock valued at $798,000 after buying an additional 9,055 shares during the last quarter. Jackson Creek Investment Advisors LLC bought a new position in QCR during the fourth quarter valued at approximately $1,623,000. Raymond James Financial Inc. bought a new position in QCR during the fourth quarter valued at approximately $3,979,000. Victory Capital Management Inc. lifted its position in QCR by 40.6% during the fourth quarter. Victory Capital Management Inc. now owns 19,863 shares of the bank’s stock valued at $1,602,000 after purchasing an additional 5,738 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its position in QCR by 6.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 145,990 shares of the bank’s stock worth $11,773,000 after acquiring an additional 9,292 shares during the period. Hedge funds and other institutional investors own 70.01% of the company’s stock.

Insider Activity at QCR

In other QCR news, EVP Nicole A. Lee acquired 1,094 shares of the company’s stock in a transaction on Wednesday, January 29th. The stock was acquired at an average cost of $78.47 per share, with a total value of $85,846.18. Following the purchase, the executive vice president now directly owns 1,881 shares of the company’s stock, valued at approximately $147,602.07. This represents a 139.01 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider James D. Klein sold 630 shares of QCR stock in a transaction on Friday, March 14th. The stock was sold at an average price of $73.40, for a total transaction of $46,242.00. Following the completion of the transaction, the insider now directly owns 428 shares of the company’s stock, valued at $31,415.20. The trade was a 59.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.70% of the stock is currently owned by corporate insiders.

QCR Stock Down 1.3 %

QCRH opened at $71.77 on Monday. The company has a current ratio of 1.02, a quick ratio of 0.99 and a debt-to-equity ratio of 0.67. QCR Holdings, Inc. has a 1-year low of $54.37 and a 1-year high of $96.08. The company has a market capitalization of $1.21 billion, a PE ratio of 10.70 and a beta of 0.98. The firm’s 50 day simple moving average is $76.39 and its two-hundred day simple moving average is $79.88.

QCR (NASDAQ:QCRH) last announced its quarterly earnings data on Wednesday, January 22nd. The bank reported $1.93 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%. As a group, equities analysts forecast that QCR Holdings, Inc. will post 6.82 EPS for the current year.

QCR Announces Dividend

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 paid a dividend of $0.06 per share. The ex-dividend date of this dividend is Wednesday, March 19th. This represents a $0.24 annualized dividend and a yield of 0.33%. QCR’s payout ratio is 3.58%.

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.