Barclays PLC Boosts Stock Position in QCR Holdings, Inc. (NASDAQ:QCRH)

Barclays PLC grew its stake in shares of QCR Holdings, Inc. (NASDAQ:QCRH - Free Report) by 148.9% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 30,805 shares of the bank's stock after purchasing an additional 18,430 shares during the period. Barclays PLC owned about 0.18% of QCR worth $2,281,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Rhumbline Advisers boosted its position in shares of QCR by 1.3% during the second quarter. Rhumbline Advisers now owns 26,407 shares of the bank's stock valued at $1,584,000 after buying an additional 341 shares during the last quarter. ClariVest Asset Management LLC grew its stake in shares of QCR by 2.9% in the 2nd quarter. ClariVest Asset Management LLC now owns 15,080 shares of the bank's stock worth $905,000 after acquiring an additional 421 shares in the last quarter. Principal Financial Group Inc. raised its holdings in shares of QCR by 6.6% in the second quarter. Principal Financial Group Inc. now owns 7,472 shares of the bank's stock valued at $448,000 after purchasing an additional 463 shares during the last quarter. Innealta Capital LLC purchased a new stake in shares of QCR in the second quarter valued at about $35,000. Finally, Point72 Asset Management L.P. bought a new position in shares of QCR during the third quarter valued at about $54,000. 70.01% of the stock is owned by hedge funds and other institutional investors.

QCR Stock Up 0.9 %

QCRH stock traded up $0.71 during trading on Thursday, reaching $82.56. The stock had a trading volume of 67,643 shares, compared to its average volume of 63,800. The company has a quick ratio of 0.99, a current ratio of 1.02 and a debt-to-equity ratio of 0.67. The company has a market capitalization of $1.39 billion, a price-to-earnings ratio of 11.98 and a beta of 0.96. QCR Holdings, Inc. has a one year low of $53.22 and a one year high of $96.08. The company's 50 day moving average is $86.44 and its two-hundred day moving average is $75.27.

QCR (NASDAQ:QCRH - Get Free Report) last issued its quarterly earnings results on Wednesday, October 23rd. The bank reported $1.78 EPS for the quarter, beating analysts' consensus estimates of $1.49 by $0.29. QCR had a return on equity of 12.92% and a net margin of 19.25%. The company had revenue of $152.58 million during the quarter, compared to the consensus estimate of $84.00 million. During the same period last year, the business posted $1.51 earnings per share. Equities research analysts forecast that QCR Holdings, Inc. will post 6.73 EPS for the current year.

QCR Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Friday, December 13th will be issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.29%. The ex-dividend date of this dividend is Friday, December 13th. QCR's dividend payout ratio (DPR) is currently 3.48%.

Insiders Place Their Bets

In other QCR news, CAO Nick W. Anderson sold 675 shares of the firm's stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $81.93, for a total value of $55,302.75. Following the completion of the sale, the chief accounting officer now directly owns 782 shares of the company's stock, valued at $64,069.26. This trade represents a 46.33 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 3.70% of the company's stock.

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.