Wellington Management Group LLP Purchases 12,052 Shares of QCR Holdings, Inc. (NASDAQ:QCRH)

Wellington Management Group LLP increased its stake in shares of QCR Holdings, Inc. (NASDAQ:QCRH - Free Report) by 5.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 253,452 shares of the bank's stock after acquiring an additional 12,052 shares during the quarter. Wellington Management Group LLP owned about 1.50% of QCR worth $18,763,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Rhumbline Advisers increased its holdings in shares of QCR by 1.3% during the 2nd quarter. Rhumbline Advisers now owns 26,407 shares of the bank's stock worth $1,584,000 after purchasing an additional 341 shares during the period. ClariVest Asset Management LLC increased its stake in QCR by 2.9% during the second quarter. ClariVest Asset Management LLC now owns 15,080 shares of the bank's stock valued at $905,000 after acquiring an additional 421 shares during the period. Principal Financial Group Inc. raised its holdings in QCR by 6.6% in the 2nd quarter. Principal Financial Group Inc. now owns 7,472 shares of the bank's stock valued at $448,000 after acquiring an additional 463 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of QCR by 12.9% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 4,713 shares of the bank's stock worth $287,000 after acquiring an additional 539 shares during the period. Finally, Innealta Capital LLC bought a new stake in shares of QCR in the 2nd quarter worth approximately $35,000. 70.01% of the stock is currently owned by institutional investors and hedge funds.

QCR Stock Performance

Shares of QCRH traded down $1.28 on Friday, reaching $88.37. 48,760 shares of the stock traded hands, compared to its average volume of 62,842. The stock's 50-day moving average price is $85.20 and its 200-day moving average price is $73.45. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.02 and a quick ratio of 0.99. The firm has a market cap of $1.49 billion, a price-to-earnings ratio of 12.83 and a beta of 0.96. QCR Holdings, Inc. has a 12 month low of $53.22 and a 12 month high of $96.08.

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

QCR Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Friday, December 13th will be paid a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 0.27%. The ex-dividend date is Friday, December 13th. QCR's dividend payout ratio is 3.48%.

Insider Buying and Selling at QCR

In other QCR news, CAO Nick W. Anderson sold 675 shares of QCR stock in a transaction 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 of the company's stock, 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 link. Company insiders own 3.70% of the company's stock.

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.