49,347 Shares in QCR Holdings, Inc. (NASDAQ:QCRH) Acquired by Raymond James Financial Inc.

Raymond James Financial Inc. purchased a new position in QCR Holdings, Inc. (NASDAQ:QCRH) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 49,347 shares of the bank’s stock, valued at approximately $3,979,000. Raymond James Financial Inc. owned approximately 0.29% of QCR as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. State Street Corp lifted its holdings in shares of QCR by 3.4% during the third quarter. State Street Corp now owns 481,809 shares of the bank’s stock worth $35,696,000 after purchasing an additional 16,006 shares during the period. JPMorgan Chase & Co. grew its position in QCR by 10.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 421,843 shares of the bank’s stock worth $31,229,000 after purchasing an additional 41,043 shares during the period. Geode Capital Management LLC raised its stake in shares of QCR by 1.1% during the 3rd quarter. Geode Capital Management LLC now owns 401,193 shares of the bank’s stock valued at $29,706,000 after buying an additional 4,179 shares during the last quarter. Wellington Management Group LLP lifted its holdings in shares of QCR by 5.0% in the 3rd quarter. Wellington Management Group LLP now owns 253,452 shares of the bank’s stock valued at $18,763,000 after buying an additional 12,052 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of 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 buying an additional 9,292 shares during the last quarter. Hedge funds and other institutional investors own 70.01% of the company’s stock.

Insider Buying and Selling at QCR

In related news, insider James D. Klein sold 630 shares of the stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $73.40, for a total transaction of $46,242.00. Following the transaction, the insider now owns 428 shares of the company’s stock, valued at approximately $31,415.20. This represents a 59.55 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Nicole A. Lee acquired 1,094 shares of the stock in a transaction dated 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 owns 1,881 shares of the company’s stock, valued at approximately $147,602.07. This trade represents a 139.01 % increase in their position. The disclosure for this purchase can be found here. 3.70% of the stock is owned by insiders.

QCR Stock Performance

QCRH opened at $73.12 on Thursday. The firm has a fifty day moving average price of $76.05 and a 200 day moving average price of $79.83. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.02 and a quick ratio of 0.99. QCR Holdings, Inc. has a 1 year low of $54.37 and a 1 year high of $96.08. The stock has a market cap of $1.24 billion, a P/E ratio of 10.90 and a beta of 0.98.

QCR (NASDAQ:QCRH) last announced its earnings results on Wednesday, January 22nd. The bank reported $1.93 earnings per share for the quarter, topping the consensus estimate 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 anticipate that QCR Holdings, Inc. will post 6.82 earnings per share for the current year.

QCR Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Wednesday, March 19th will be paid a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 0.33%. The ex-dividend date of this dividend is Wednesday, March 19th. QCR’s dividend payout ratio is currently 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.