Readystate Asset Management LP Takes $632,000 Position in QCR Holdings, Inc. (NASDAQ:QCRH)

Readystate Asset Management LP bought a new position in QCR Holdings, Inc. (NASDAQ:QCRH - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 8,535 shares of the bank's stock, valued at approximately $632,000. Readystate Asset Management LP owned about 0.05% of QCR at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Point72 DIFC Ltd bought a new position in shares of QCR in the third quarter worth about $65,000. Point72 Asset Management L.P. bought a new position in shares of QCR in the third quarter worth about $54,000. Centiva Capital LP bought a new position in shares of QCR in the third quarter worth about $441,000. BNP Paribas Financial Markets lifted its holdings in shares of QCR by 30.1% in the third quarter. BNP Paribas Financial Markets now owns 4,372 shares of the bank's stock worth $324,000 after acquiring an additional 1,012 shares during the last quarter. Finally, Quantbot Technologies LP lifted its holdings in shares of QCR by 408.6% in the third quarter. Quantbot Technologies LP now owns 2,238 shares of the bank's stock worth $166,000 after acquiring an additional 1,798 shares during the last quarter. Institutional investors own 70.01% of the company's stock.

QCR Trading Down 0.3 %

NASDAQ QCRH traded down $0.23 during trading hours on Friday, reaching $90.39. The company's stock had a trading volume of 55,188 shares, compared to its average volume of 62,501. The firm has a fifty day simple moving average of $83.89 and a 200-day simple moving average of $72.59. The stock has a market cap of $1.52 billion, a P/E ratio of 13.12 and a beta of 0.96. QCR Holdings, Inc. has a 52 week low of $50.29 and a 52 week high of $96.08. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.02 and a quick ratio of 0.99.

QCR (NASDAQ:QCRH - Get Free Report) last issued its quarterly earnings data on Wednesday, October 23rd. The bank reported $1.78 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.49 by $0.29. The business had revenue of $152.58 million during 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 last year, the business earned $1.51 EPS. Equities analysts forecast that QCR Holdings, Inc. will post 6.73 earnings per share for the current fiscal year.

QCR Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Friday, December 13th will be issued a $0.06 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.24 dividend on an annualized basis and a yield of 0.27%. QCR's dividend payout ratio (DPR) is presently 3.48%.

Insider Activity at QCR

In other QCR news, CAO Nick W. Anderson sold 675 shares of the stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $81.93, for a total transaction of $55,302.75. Following the completion of the sale, the chief accounting officer now owns 782 shares of the company's stock, valued at approximately $64,069.26. This represents a 46.33 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 3.70% of the stock is owned by company 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.