734 Shares in QCR Holdings, Inc. (NASDAQ:QCRH) Purchased by Point72 Asset Management L.P.

Point72 Asset Management L.P. bought a new stake in shares of QCR Holdings, Inc. (NASDAQ:QCRH) in the third quarter, Holdings Channel.com reports. The firm bought 734 shares of the bank’s stock, valued at approximately $54,000.

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

QCR Stock Performance

Shares of QCRH opened at $88.37 on Friday. The firm has a market capitalization of $1.49 billion, a PE ratio of 12.83 and a beta of 0.96. The company has a quick ratio of 0.99, a current ratio of 1.02 and a debt-to-equity ratio of 0.67. The firm has a 50-day moving average price of $85.20 and a 200 day moving average price of $73.45. QCR Holdings, Inc. has a 52-week low of $53.22 and a 52-week high of $96.08.

QCR (NASDAQ:QCRH) last posted its quarterly earnings data 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. QCR had a net margin of 19.25% and a return on equity of 12.92%. The business had revenue of $152.58 million during the quarter, compared to analysts’ expectations of $84.00 million. During the same period last year, the firm posted $1.51 earnings per share. On average, sell-side analysts anticipate that QCR Holdings, Inc. will post 6.73 earnings per share for the current fiscal year.

QCR Announces Dividend

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

Insider Activity

In related news, CAO Nick W. Anderson sold 675 shares of QCR stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $81.93, for a total transaction of $55,302.75. Following the transaction, the chief accounting officer now directly owns 782 shares of the company’s stock, valued at $64,069.26. The trade was a 46.33 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 3.70% of the company’s stock.

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.