QCR Holdings, Inc. (NASDAQ:QCRH) Shares Acquired by Principal Financial Group Inc.

Principal Financial Group Inc. boosted its stake in shares of QCR Holdings, Inc. (NASDAQ:QCRH) by 7.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,946 shares of the bank’s stock after purchasing an additional 640 shares during the quarter. Principal Financial Group Inc. owned approximately 0.05% of QCR worth $721,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Point72 Asset Management L.P. bought a new stake in QCR in the third quarter valued at $54,000. Quest Partners LLC acquired a new stake in shares of QCR in the 3rd quarter worth about $62,000. R Squared Ltd bought a new stake in QCR in the 4th quarter valued at about $64,000. Point72 DIFC Ltd acquired a new position in QCR during the 3rd quarter valued at about $65,000. Finally, New York State Teachers Retirement System acquired a new position in QCR during the 3rd quarter valued at about $111,000. 70.01% of the stock is currently owned by institutional investors.

QCR Price Performance

Shares of NASDAQ:QCRH opened at $71.55 on Friday. The firm’s 50 day moving average is $77.92 and its two-hundred day moving average is $80.00. The firm has a market capitalization of $1.21 billion, a P/E ratio of 10.66 and a beta of 0.98. 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 52 week low of $54.37 and a 52 week high of $96.08.

QCR (NASDAQ:QCRH) last posted its earnings results 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 return on equity of 12.68% and a net margin of 19.06%. Analysts anticipate that QCR Holdings, Inc. will post 6.82 earnings per share for the current year.

QCR Announces Dividend

The firm 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 annualized dividend and a yield of 0.34%. The ex-dividend date is Wednesday, March 19th. QCR’s dividend payout ratio (DPR) is presently 3.58%.

Insider Buying and Selling at QCR

In related news, EVP Nicole A. Lee purchased 1,094 shares of the company’s stock in a transaction on Wednesday, January 29th. The shares were bought at an average price of $78.47 per share, with a total value of $85,846.18. Following the completion of the acquisition, the executive vice president now owns 1,881 shares of the company’s stock, valued at approximately $147,602.07. This represents a 139.01 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 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.