JPMorgan Chase & Co. Buys 43,439 Shares of QCR Holdings, Inc. (NASDAQ:QCRH)

JPMorgan Chase & Co. increased its position in shares of QCR Holdings, Inc. (NASDAQ:QCRH) by 10.3% during the fourth quarter, HoldingsChannel reports. The fund owned 465,282 shares of the bank’s stock after buying an additional 43,439 shares during the quarter. JPMorgan Chase & Co.’s holdings in QCR were worth $37,520,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. LPL Financial LLC bought a new stake in shares of QCR during the fourth quarter worth about $263,000. KLP Kapitalforvaltning AS bought a new position in shares of QCR during the fourth quarter worth about $307,000. Sei Investments Co. lifted its stake in shares of QCR by 31.9% in the fourth quarter. Sei Investments Co. now owns 6,850 shares of the bank’s stock worth $552,000 after acquiring an additional 1,655 shares during the period. American Century Companies Inc. boosted its holdings in QCR by 10.5% in the fourth quarter. American Century Companies Inc. now owns 387,702 shares of the bank’s stock valued at $31,264,000 after acquiring an additional 36,930 shares during the last quarter. Finally, Magnetar Financial LLC increased its position in QCR by 102.9% during the 4th quarter. Magnetar Financial LLC now owns 7,835 shares of the bank’s stock valued at $632,000 after purchasing an additional 3,973 shares during the period. Institutional investors and hedge funds own 70.01% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Nicole A. Lee bought 1,094 shares of QCR stock in a transaction dated Wednesday, January 29th. The stock was bought at an average cost of $78.47 per share, for a total transaction of $85,846.18. Following the purchase, the executive vice president now directly owns 1,881 shares in the company, valued at approximately $147,602.07. This represents a 139.01 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider James D. Klein sold 630 shares of the business’s stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $73.40, for a total value of $46,242.00. Following the completion of the sale, the insider now directly owns 428 shares of the company’s stock, valued at $31,415.20. The trade was a 59.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 3.70% of the company’s stock.

QCR Stock Performance

QCRH stock opened at $64.60 on Monday. The firm has a market cap of $1.09 billion, a PE ratio of 9.63 and a beta of 0.81. The company has a current ratio of 1.02, a quick ratio of 0.99 and a debt-to-equity ratio of 0.67. The stock has a 50-day moving average price of $74.62 and a 200-day moving average price of $79.68. QCR Holdings, Inc. has a 1-year low of $54.37 and a 1-year high of $96.08.

QCR (NASDAQ:QCRH) last issued its earnings results on Wednesday, January 22nd. The bank reported $1.93 earnings per share for the quarter, topping analysts’ consensus estimates of $1.74 by $0.19. QCR had a return on equity of 12.68% and a net margin of 19.06%. As a group, equities research analysts expect that QCR Holdings, Inc. will post 6.82 earnings per share for the current year.

QCR Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Wednesday, March 19th were paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.37%. The ex-dividend date of this dividend was Wednesday, March 19th. QCR’s dividend payout ratio is presently 3.58%.

Analyst Upgrades and Downgrades

Separately, Raymond James reduced their price objective on shares of QCR from $95.00 to $82.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 2nd.

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.