Insider Buying: QCR Holdings, Inc. (NASDAQ:QCRH) EVP Purchases 1,094 Shares of Stock

QCR Holdings, Inc. (NASDAQ:QCRH) EVP Nicole A. Lee purchased 1,094 shares of the company’s stock in a transaction dated Wednesday, January 29th. The shares were acquired at an average price of $78.47 per share, with a total value of $85,846.18. Following the transaction, the executive vice president now owns 1,881 shares in the company, valued at approximately $147,602.07. The trade was a 139.01 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

QCR Trading Down 1.6 %

Shares of QCRH opened at $77.62 on Friday. 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 company has a market capitalization of $1.31 billion, a P/E ratio of 11.57 and a beta of 0.97. The firm’s 50 day simple moving average is $82.35 and its 200 day simple moving average is $79.46.

QCR (NASDAQ:QCRH) last posted its quarterly earnings data on Wednesday, January 22nd. The bank reported $1.93 earnings per share 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%. Sell-side analysts forecast that QCR Holdings, Inc. will post 6.82 earnings per share for the current fiscal year.

QCR Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Friday, December 13th were paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.31%. The ex-dividend date of this dividend was Friday, December 13th. QCR’s dividend payout ratio (DPR) is currently 3.58%.

Hedge Funds Weigh In On QCR

A number of hedge funds and other institutional investors have recently modified their holdings of QCRH. Janney Montgomery Scott LLC lifted its position in QCR by 2.9% in the 4th quarter. Janney Montgomery Scott LLC now owns 5,016 shares of the bank’s stock worth $404,000 after buying an additional 142 shares during the last quarter. Rhumbline Advisers grew its position in QCR by 0.6% during the fourth quarter. Rhumbline Advisers now owns 26,061 shares of the bank’s stock valued at $2,102,000 after acquiring an additional 165 shares during the last quarter. Principal Financial Group Inc. raised its stake in shares of QCR by 7.7% during the fourth quarter. Principal Financial Group Inc. now owns 8,946 shares of the bank’s stock worth $721,000 after acquiring an additional 640 shares in the last quarter. Point72 Asset Management L.P. bought a new stake in shares of QCR in the 3rd quarter worth approximately $54,000. Finally, R Squared Ltd purchased a new stake in shares of QCR in the 4th quarter valued at $64,000. 70.01% of the stock is currently owned by hedge funds and other institutional investors.

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.