Readystate Asset Management LP Makes New Investment in QCR Holdings, Inc. (NASDAQ:QCRH)

Readystate Asset Management LP acquired a new position in shares of QCR Holdings, Inc. (NASDAQ:QCRH) in the third quarter, HoldingsChannel.com reports. The fund acquired 8,535 shares of the bank’s stock, valued at approximately $632,000.

A number of other large investors also recently bought and sold shares of QCRH. Innealta Capital LLC purchased a new position in shares of QCR in the 2nd quarter valued at about $35,000. Point72 Asset Management L.P. purchased a new position in shares of QCR in the 3rd quarter valued at about $54,000. Quest Partners LLC purchased a new position in shares of QCR in the 3rd quarter valued at about $62,000. Point72 DIFC Ltd purchased a new position in QCR during the 3rd quarter valued at about $65,000. Finally, New York State Teachers Retirement System purchased a new position in QCR during the 3rd quarter valued at about $111,000. Hedge funds and other institutional investors own 70.01% of the company’s stock.

Insider Buying and Selling

In related news, CAO Nick W. Anderson sold 675 shares of the firm’s stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $81.93, for a total value of $55,302.75. Following the sale, the chief accounting officer now directly owns 782 shares of the company’s stock, valued at approximately $64,069.26. This trade represents 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. Corporate insiders own 3.70% of the company’s stock.

QCR Stock Performance

NASDAQ:QCRH opened at $90.62 on Friday. 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 firm has a 50-day moving average price of $83.53 and a two-hundred day moving average price of $72.37. QCR Holdings, Inc. has a twelve month low of $50.29 and a twelve month high of $96.08. The company has a market capitalization of $1.53 billion, a P/E ratio of 13.15 and a beta of 0.96.

QCR (NASDAQ:QCRH) last released its quarterly earnings results on Wednesday, October 23rd. The bank reported $1.78 earnings per share (EPS) for the quarter, topping 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 company had revenue of $152.58 million for the quarter, compared to analysts’ expectations of $84.00 million. During the same period last year, the company earned $1.51 EPS. As a group, research analysts expect that QCR Holdings, Inc. will post 6.73 earnings per share for the current fiscal year.

QCR Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Friday, December 13th will be given a $0.06 dividend. The ex-dividend date is Friday, December 13th. This represents a $0.24 annualized dividend and a dividend yield of 0.26%. QCR’s dividend payout ratio is presently 3.48%.

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.