State Street Corp Purchases 16,006 Shares of QCR Holdings, Inc. (NASDAQ:QCRH)

State Street Corp increased its holdings in shares of QCR Holdings, Inc. (NASDAQ:QCRH - Free Report) by 3.4% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 481,809 shares of the bank's stock after buying an additional 16,006 shares during the quarter. State Street Corp owned 2.86% of QCR worth $35,696,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the business. Rhumbline Advisers lifted its holdings in shares of QCR by 1.3% in the second quarter. Rhumbline Advisers now owns 26,407 shares of the bank's stock worth $1,584,000 after acquiring an additional 341 shares during the last quarter. ClariVest Asset Management LLC lifted its stake in QCR by 2.9% in the 2nd quarter. ClariVest Asset Management LLC now owns 15,080 shares of the bank's stock valued at $905,000 after purchasing an additional 421 shares during the last quarter. Principal Financial Group Inc. boosted its position in QCR by 6.6% in the second quarter. Principal Financial Group Inc. now owns 7,472 shares of the bank's stock valued at $448,000 after buying an additional 463 shares in the last quarter. Innealta Capital LLC acquired a new stake in QCR in the second quarter valued at approximately $35,000. Finally, Point72 Asset Management L.P. acquired a new position in shares of QCR during the third quarter worth $54,000. 70.01% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, CAO Nick W. Anderson sold 675 shares of the company's stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $81.93, for a total value of $55,302.75. Following the sale, the chief accounting officer now directly owns 782 shares in the company, valued at $64,069.26. This represents a 46.33 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 3.70% of the company's stock.

QCR Price Performance

Shares of NASDAQ QCRH traded up $0.46 during mid-day trading on Friday, hitting $81.62. 137,760 shares of the stock traded hands, compared to its average volume of 63,502. The company has a market cap of $1.38 billion, a PE ratio of 11.85 and a beta of 0.96. QCR Holdings, Inc. has a twelve month low of $53.22 and a twelve month 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. The firm has a 50 day simple moving average of $86.32 and a two-hundred day simple moving average of $74.74.

QCR (NASDAQ:QCRH - Get Free Report) last announced its quarterly 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 period last year, the firm posted $1.51 earnings per share. As a group, equities research 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 given a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 0.29%. The ex-dividend date is Friday, December 13th. QCR's dividend payout ratio (DPR) is currently 3.48%.

About QCR

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.