Wellington Management Group LLP Sells 11,549 Shares of QCR Holdings, Inc. (NASDAQ:QCRH)

Wellington Management Group LLP decreased its stake in shares of QCR Holdings, Inc. (NASDAQ:QCRH - Free Report) by 4.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 241,903 shares of the bank's stock after selling 11,549 shares during the period. Wellington Management Group LLP owned approximately 1.43% of QCR worth $19,507,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Farther Finance Advisors LLC bought a new position in QCR in the fourth quarter worth $35,000. Point72 Asset Management L.P. bought a new position in shares of QCR in the 3rd quarter worth about $54,000. R Squared Ltd purchased a new position in QCR during the 4th quarter valued at about $64,000. Point72 DIFC Ltd purchased a new stake in QCR in the third quarter worth about $65,000. Finally, Hohimer Wealth Management LLC bought a new position in shares of QCR during the third quarter valued at approximately $232,000. Institutional investors own 70.01% of the company's stock.

Insider Activity at QCR

In related news, EVP Nicole A. Lee acquired 1,094 shares of the firm's stock in a transaction dated Wednesday, January 29th. The stock was purchased at an average cost of $78.47 per share, with a total value of $85,846.18. Following the completion of the acquisition, the executive vice president now directly owns 1,881 shares of the company's stock, valued at approximately $147,602.07. This trade represents a 139.01 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider James D. Klein sold 630 shares of the firm's stock in a transaction that occurred on Friday, March 14th. The stock was 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 in the company, valued at $31,415.20. This represents a 59.55 % decrease in their position. The disclosure for this sale can be found here. 3.70% of the stock is currently owned by insiders.

Remove Ads

QCR Stock Down 0.6 %

Shares of QCRH traded down $0.39 during trading hours on Friday, hitting $63.60. The company had a trading volume of 78,196 shares, compared to its average volume of 72,036. The stock has a market capitalization of $1.07 billion, a price-to-earnings ratio of 9.48 and a beta of 0.81. The firm has a fifty day moving average price of $72.84 and a 200-day moving average price of $79.13. QCR Holdings, Inc. has a 52-week low of $54.37 and a 52-week 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.

QCR (NASDAQ:QCRH - Get Free Report) last issued its earnings results on Wednesday, January 22nd. The bank reported $1.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.74 by $0.19. QCR had a net margin of 19.06% and a return on equity of 12.68%. On average, equities research analysts forecast that QCR Holdings, Inc. will post 6.82 EPS for the current fiscal year.

QCR Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Wednesday, March 19th were given a dividend of $0.06 per share. The ex-dividend date was Wednesday, March 19th. This represents a $0.24 annualized dividend and a dividend yield of 0.38%. QCR's dividend payout ratio (DPR) is presently 3.58%.

Analyst Ratings Changes

Separately, Raymond James dropped their price target on QCR from $95.00 to $82.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 2nd.

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.