KLP Kapitalforvaltning AS Purchases Shares of 3,800 QCR Holdings, Inc. (NASDAQ:QCRH)

KLP Kapitalforvaltning AS acquired a new position in shares of QCR Holdings, Inc. (NASDAQ:QCRH) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 3,800 shares of the bank’s stock, valued at approximately $307,000.

A number of other large investors have also made changes to their positions in the stock. State Street Corp increased its stake in QCR by 3.4% during the third quarter. State Street Corp now owns 481,809 shares of the bank’s stock valued at $35,696,000 after acquiring an additional 16,006 shares during the period. JPMorgan Chase & Co. grew its holdings in shares of QCR by 10.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 421,843 shares of the bank’s stock worth $31,229,000 after purchasing an additional 41,043 shares in the last quarter. Geode Capital Management LLC increased its position in shares of QCR by 1.1% during the third quarter. Geode Capital Management LLC now owns 401,193 shares of the bank’s stock valued at $29,706,000 after purchasing an additional 4,179 shares during the period. American Century Companies Inc. raised its stake in shares of 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 purchasing an additional 36,930 shares in the last quarter. Finally, Wellington Management Group LLP lifted its position in QCR by 5.0% in the third quarter. Wellington Management Group LLP now owns 253,452 shares of the bank’s stock worth $18,763,000 after purchasing an additional 12,052 shares during the period. Institutional investors and hedge funds own 70.01% of the company’s stock.

Insider Transactions at QCR

In other news, insider James D. Klein sold 630 shares of the business’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 value of $46,242.00. Following the transaction, 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Nicole A. Lee purchased 1,094 shares of the company’s stock in a transaction that occurred on Wednesday, January 29th. The shares were acquired 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 in the company, valued at approximately $147,602.07. This represents a 139.01 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 3.70% of the stock is owned by insiders.

QCR Stock Down 2.1 %

Shares of QCRH opened at $64.60 on Monday. 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 company has a 50-day moving average price of $74.62 and a two-hundred day moving average price of $79.68. The stock has a market cap of $1.09 billion, a price-to-earnings ratio of 9.63 and a beta of 0.81. QCR Holdings, Inc. has a 12 month low of $54.37 and a 12 month high of $96.08.

QCR (NASDAQ:QCRH) last posted its earnings results on Wednesday, January 22nd. The bank reported $1.93 EPS for the quarter, topping the consensus estimate of $1.74 by $0.19. QCR had a return on equity of 12.68% and a net margin of 19.06%. Equities analysts predict that QCR Holdings, Inc. will post 6.82 EPS for the current fiscal year.

QCR Dividend Announcement

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

Wall Street Analysts Forecast Growth

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

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.