Bank of New York Mellon Corp Decreases Stock Holdings in QCR Holdings, Inc. (NASDAQ:QCRH)

Bank of New York Mellon Corp cut its holdings in shares of QCR Holdings, Inc. (NASDAQ:QCRH - Free Report) by 6.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 71,432 shares of the bank's stock after selling 4,994 shares during the period. Bank of New York Mellon Corp owned 0.42% of QCR worth $5,760,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in QCRH. Janney Montgomery Scott LLC increased its position in QCR by 2.9% during the 4th quarter. Janney Montgomery Scott LLC now owns 5,016 shares of the bank's stock valued at $404,000 after purchasing an additional 142 shares during the period. Rhumbline Advisers raised its stake in QCR by 0.6% in the fourth quarter. Rhumbline Advisers now owns 26,061 shares of the bank's stock worth $2,102,000 after buying an additional 165 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in QCR by 7.7% in the fourth quarter. Principal Financial Group Inc. now owns 8,946 shares of the bank's stock worth $721,000 after buying an additional 640 shares during the period. Point72 Asset Management L.P. bought a new stake in QCR during the 3rd quarter valued at approximately $54,000. Finally, R Squared Ltd purchased a new position in shares of QCR during the 4th quarter worth approximately $64,000. Institutional investors own 70.01% of the company's stock.

QCR Stock Down 1.5 %

Shares of QCRH traded down $1.14 on Thursday, reaching $72.75. The stock had a trading volume of 28,275 shares, compared to its average volume of 66,918. The firm has a market capitalization of $1.23 billion, a price-to-earnings ratio of 10.90 and a beta of 0.98. The company has a 50-day simple moving average of $76.62 and a 200-day simple moving average of $79.91. QCR Holdings, Inc. has a 12-month low of $54.37 and a 12-month high of $96.08. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.99 and a current ratio of 1.02.

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QCR (NASDAQ:QCRH - Get Free Report) last announced its earnings results 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%. Sell-side analysts predict that QCR Holdings, Inc. will post 6.82 EPS for the current year.

QCR Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Wednesday, March 19th will be issued a dividend of $0.06 per share. The ex-dividend date is Wednesday, March 19th. This represents a $0.24 annualized dividend and a dividend yield of 0.33%. QCR's payout ratio is 3.58%.

Insider Buying and Selling at QCR

In related news, insider James D. Klein sold 630 shares of the firm's 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 completion of the sale, 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Nicole A. Lee acquired 1,094 shares of the stock in a transaction that occurred on Wednesday, January 29th. The stock was acquired at an average cost of $78.47 per share, for a total transaction of $85,846.18. Following the completion of the transaction, the executive vice president now directly owns 1,881 shares in the company, valued at $147,602.07. This 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 company insiders.

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.