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

Raymond James Financial Inc. acquired a new position in shares of QCR Holdings, Inc. (NASDAQ:QCRH - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 49,347 shares of the bank's stock, valued at approximately $3,979,000. Raymond James Financial Inc. owned approximately 0.29% of QCR at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in QCRH. Janney Montgomery Scott LLC lifted its position in QCR by 2.9% during the fourth 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 period. Rhumbline Advisers lifted its holdings in shares of QCR by 0.6% during the 4th quarter. Rhumbline Advisers now owns 26,061 shares of the bank's stock worth $2,102,000 after acquiring an additional 165 shares during the period. Principal Financial Group Inc. boosted its position in shares of QCR by 7.7% in 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 during the last quarter. Point72 Asset Management L.P. purchased a new stake in QCR in the third quarter valued at approximately $54,000. Finally, R Squared Ltd acquired a new position in QCR during the fourth quarter worth approximately $64,000. Institutional investors and hedge funds own 70.01% of the company's stock.

QCR Stock Down 1.9 %

NASDAQ:QCRH traded down $1.36 during mid-day trading on Friday, hitting $71.96. The company had a trading volume of 48,869 shares, compared to its average volume of 69,713. QCR Holdings, Inc. has a 1 year low of $54.37 and a 1 year high of $96.08. The business has a fifty day simple moving average of $75.73 and a 200-day simple moving average of $79.87. 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 firm has a market capitalization of $1.22 billion, a price-to-earnings ratio of 10.72 and a beta of 0.98.

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QCR (NASDAQ:QCRH - Get Free Report) last announced its earnings results 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%. Equities analysts forecast that QCR Holdings, Inc. will post 6.82 earnings per share for the current fiscal year.

QCR Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Wednesday, March 19th will be given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.33%. The ex-dividend date of this dividend is Wednesday, March 19th. QCR's payout ratio is currently 3.58%.

Insiders Place Their Bets

In related news, insider James D. Klein sold 630 shares of the firm's stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $73.40, for a total value of $46,242.00. Following the sale, the insider now owns 428 shares of the company's stock, valued at approximately $31,415.20. This trade represents a 59.55 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Nicole A. Lee acquired 1,094 shares of the stock in a transaction that occurred 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 purchase, the executive vice president now owns 1,881 shares in the company, valued at $147,602.07. The trade was a 139.01 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 3.70% of the stock is owned by company insiders.

QCR 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.