JPMorgan Chase & Co. Raises Stock Holdings in QCR Holdings, Inc. (NASDAQ:QCRH)

JPMorgan Chase & Co. raised its stake in QCR Holdings, Inc. (NASDAQ:QCRH - Free Report) by 10.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 421,843 shares of the bank's stock after purchasing an additional 41,043 shares during the period. JPMorgan Chase & Co. owned 2.50% of QCR worth $31,229,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in QCRH. Point72 Asset Management L.P. purchased a new position in shares of QCR in the 3rd quarter worth approximately $54,000. Quest Partners LLC purchased a new position in QCR in the third quarter worth $62,000. Point72 DIFC Ltd acquired a new position in shares of QCR during the third quarter worth $65,000. New York State Teachers Retirement System purchased a new stake in shares of QCR during the 3rd quarter valued at $111,000. Finally, SG Americas Securities LLC acquired a new stake in shares of QCR in the 3rd quarter worth $158,000. 70.01% of the stock is currently owned by institutional investors.

QCR Stock Performance

QCRH stock traded down $0.44 during trading on Tuesday, reaching $79.57. The company had a trading volume of 58,910 shares, compared to its average volume of 62,028. 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 twelve month low of $53.22 and a twelve month high of $96.08. The company has a market cap of $1.34 billion, a price-to-earnings ratio of 11.55 and a beta of 0.98. The firm has a 50-day simple moving average of $86.61 and a 200-day simple moving average of $76.80.

QCR (NASDAQ:QCRH - Get Free Report) last issued its 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 firm had revenue of $152.58 million for the quarter, compared to analyst estimates of $84.00 million. During the same quarter in the prior year, the firm earned $1.51 earnings per share. As a group, sell-side analysts expect that QCR Holdings, Inc. will post 6.73 earnings per share for the current year.

QCR Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Friday, December 13th were issued a dividend of $0.06 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $0.24 annualized dividend and a dividend yield of 0.30%. QCR's dividend payout ratio (DPR) is presently 3.48%.

Insider Activity at QCR

In related news, CAO Nick W. Anderson sold 675 shares of QCR stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $81.93, for a total transaction of $55,302.75. Following the completion of the transaction, the chief accounting officer now directly owns 782 shares in the company, valued at approximately $64,069.26. This trade represents a 46.33 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.70% of the stock is currently 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.