Prudential Financial Inc. Has $3.47 Million Position in QCR Holdings, Inc. (NASDAQ:QCRH)

Prudential Financial Inc. trimmed its stake in QCR Holdings, Inc. (NASDAQ:QCRH - Free Report) by 11.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 42,992 shares of the bank's stock after selling 5,620 shares during the period. Prudential Financial Inc. owned 0.25% of QCR worth $3,467,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. lifted its stake in shares of QCR by 10.8% in the third quarter. JPMorgan Chase & Co. now owns 421,843 shares of the bank's stock worth $31,229,000 after buying an additional 41,043 shares during the last quarter. Barclays PLC grew its stake in QCR by 148.9% in the 3rd quarter. Barclays PLC now owns 30,805 shares of the bank's stock valued at $2,281,000 after buying an additional 18,430 shares during the last quarter. Jane Street Group LLC raised its holdings in QCR by 48.9% in the 3rd quarter. Jane Street Group LLC now owns 27,080 shares of the bank's stock worth $2,005,000 after acquiring an additional 8,890 shares during the period. Assenagon Asset Management S.A. acquired a new position in QCR during the 4th quarter worth $3,755,000. Finally, Charles Schwab Investment Management Inc. boosted its holdings in QCR by 6.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 145,990 shares of the bank's stock valued at $11,773,000 after acquiring an additional 9,292 shares during the period. 70.01% of the stock is currently owned by institutional investors and hedge funds.

QCR Stock Performance

NASDAQ:QCRH traded down $1.39 during trading hours on Friday, hitting $64.60. 133,080 shares of the company traded hands, compared to its average volume of 70,963. 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 twelve month low of $54.37 and a twelve month high of $96.08. The firm has a 50-day moving average of $74.62 and a 200 day moving average of $79.68. The stock has a market capitalization of $1.09 billion, a price-to-earnings ratio of 9.63 and a beta of 0.81.

Remove Ads

QCR (NASDAQ:QCRH - Get Free Report) last announced its quarterly earnings data on Wednesday, January 22nd. The bank reported $1.93 EPS for the quarter, beating analysts' consensus estimates 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 forecast that QCR Holdings, Inc. will post 6.82 EPS for the current year.

QCR Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders 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 dividend on an annualized basis and a dividend yield of 0.37%. QCR's dividend payout ratio is currently 3.58%.

Wall Street Analysts Forecast Growth

Separately, Raymond James cut their price objective on QCR from $95.00 to $82.00 and set an "outperform" rating for the company in a research report on Wednesday.

Insider Transactions at QCR

In other QCR news, EVP Nicole A. Lee acquired 1,094 shares of QCR stock in a transaction dated Wednesday, January 29th. The stock was bought at an average cost 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. The trade was a 139.01 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider James D. Klein sold 630 shares of QCR stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $73.40, for a total transaction of $46,242.00. Following the sale, the insider now owns 428 shares in the company, valued at approximately $31,415.20. This trade represents a 59.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.70% of the stock is owned by 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.