QCR Holdings, Inc. (NASDAQ:QCRH) Shares Bought by Wellington Management Group LLP

Wellington Management Group LLP raised its position in QCR Holdings, Inc. (NASDAQ:QCRH) by 5.0% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 253,452 shares of the bank’s stock after acquiring an additional 12,052 shares during the period. Wellington Management Group LLP owned approximately 1.50% of QCR worth $18,763,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in QCRH. American Century Companies Inc. lifted its stake in shares of QCR by 20.1% in the 2nd quarter. American Century Companies Inc. now owns 307,197 shares of the bank’s stock worth $18,432,000 after acquiring an additional 51,471 shares during the period. State Street Corp lifted its stake in shares of QCR by 3.4% in the 3rd quarter. State Street Corp now owns 481,809 shares of the bank’s stock worth $35,696,000 after acquiring an additional 16,006 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of QCR by 1.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,046,495 shares of the bank’s stock worth $62,787,000 after acquiring an additional 13,567 shares during the period. Inspire Investing LLC acquired a new stake in shares of QCR in the 3rd quarter worth $818,000. Finally, Versor Investments LP acquired a new stake in shares of QCR in the third quarter valued at about $733,000. Institutional investors and hedge funds own 70.01% of the company’s stock.

QCR Stock Down 1.4 %

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

QCR (NASDAQ:QCRH) last announced its quarterly earnings data on Wednesday, October 23rd. The bank reported $1.78 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 firm had revenue of $152.58 million during the quarter, compared to analysts’ expectations of $84.00 million. During the same quarter last year, the business earned $1.51 earnings per share. Equities research analysts anticipate that QCR Holdings, Inc. will post 6.73 EPS for the current fiscal year.

QCR Announces Dividend

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

Insider Activity at QCR

In other QCR news, CAO Nick W. Anderson sold 675 shares of the firm’s stock in a transaction dated 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 transaction, the chief accounting officer now directly owns 782 shares in the company, valued at approximately $64,069.26. This trade represents a 46.33 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 3.70% of the company’s stock.

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.