JPMorgan Chase & Co. Acquires 43,439 Shares of QCR Holdings, Inc. (NASDAQ:QCRH)

JPMorgan Chase & Co. lifted its holdings in QCR Holdings, Inc. (NASDAQ:QCRH - Free Report) by 10.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 465,282 shares of the bank's stock after buying an additional 43,439 shares during the quarter. JPMorgan Chase & Co. owned about 2.76% of QCR worth $37,520,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in QCRH. State Street Corp raised its stake in shares of QCR by 3.4% in the third quarter. State Street Corp now owns 481,809 shares of the bank's stock worth $35,696,000 after acquiring an additional 16,006 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of QCR by 1.1% during the third quarter. Geode Capital Management LLC now owns 401,193 shares of the bank's stock valued at $29,706,000 after purchasing an additional 4,179 shares during the last quarter. American Century Companies Inc. increased its holdings in shares of QCR by 10.5% in the fourth quarter. American Century Companies Inc. now owns 387,702 shares of the bank's stock valued at $31,264,000 after purchasing an additional 36,930 shares in the last quarter. Wellington Management Group LLP raised its position in QCR by 5.0% in the 3rd quarter. Wellington Management Group LLP now owns 253,452 shares of the bank's stock worth $18,763,000 after purchasing an additional 12,052 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in QCR by 6.8% during the 4th 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 in the last quarter. Institutional investors and hedge funds own 70.01% of the company's stock.

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Wall Street Analyst Weigh In

Separately, Raymond James lowered their target price on QCR from $95.00 to $82.00 and set an "outperform" rating for the company in a research note on Wednesday, April 2nd.

Insider Buying and Selling

In related news, insider James D. Klein sold 630 shares of QCR stock in a transaction that occurred on Friday, March 14th. The shares were 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 $31,415.20. This trade represents a 59.55 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Nicole A. Lee acquired 1,094 shares of the firm's stock in a transaction that occurred on Wednesday, January 29th. The shares were purchased at an average price of $78.47 per share, with a total value of $85,846.18. Following the acquisition, 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 Trading Down 0.6 %

QCR stock traded down $0.39 during trading hours on Friday, reaching $63.60. 78,196 shares of the company's stock traded hands, compared to its average volume of 72,036. The firm has a market capitalization of $1.07 billion, a price-to-earnings ratio of 9.48 and a beta of 0.81. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.99 and a current ratio of 1.02. QCR Holdings, Inc. has a fifty-two week low of $54.37 and a fifty-two week high of $96.08. The firm's 50 day moving average is $72.84 and its 200-day moving average is $79.13.

QCR (NASDAQ:QCRH - Get Free Report) last announced 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%. On average, analysts predict that QCR Holdings, Inc. will post 6.82 earnings per share for the current year.

QCR Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 3rd. Stockholders of record on Wednesday, March 19th were given a $0.06 dividend. The ex-dividend date was Wednesday, March 19th. This represents a $0.24 annualized dividend and a dividend yield of 0.38%. QCR's dividend payout ratio is currently 3.58%.

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.