Y Intercept Hong Kong Ltd Invests $599,000 in QCR Holdings, Inc. (NASDAQ:QCRH)

Y Intercept Hong Kong Ltd acquired a new position in shares of QCR Holdings, Inc. (NASDAQ:QCRH) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 7,423 shares of the bank’s stock, valued at approximately $599,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in QCRH. Assenagon Asset Management S.A. acquired a new stake in shares of QCR during the 4th quarter worth approximately $3,755,000. JPMorgan Chase & Co. lifted its position in shares of QCR by 10.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 421,843 shares of the bank’s stock valued at $31,229,000 after buying an additional 41,043 shares in the last quarter. Barclays PLC lifted its position in shares of QCR by 148.9% during the 3rd quarter. Barclays PLC now owns 30,805 shares of the bank’s stock valued at $2,281,000 after buying an additional 18,430 shares in the last quarter. State Street Corp lifted its position in shares of QCR by 3.4% during the 3rd quarter. State Street Corp now owns 481,809 shares of the bank’s stock valued at $35,696,000 after buying an additional 16,006 shares in the last quarter. Finally, Wellington Management Group LLP lifted its position in shares of QCR by 5.0% during the 3rd quarter. Wellington Management Group LLP now owns 253,452 shares of the bank’s stock valued at $18,763,000 after buying an additional 12,052 shares in the last quarter. Institutional investors and hedge funds own 70.01% of the company’s stock.

QCR Trading Up 0.9 %

Shares of NASDAQ:QCRH opened at $75.33 on Friday. QCR Holdings, Inc. has a 1 year low of $54.37 and a 1 year high of $96.08. The firm has a market capitalization of $1.27 billion, a price-to-earnings ratio of 11.23 and a beta of 0.97. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.02 and a quick ratio of 0.99. The business’s 50 day moving average price is $78.65 and its 200-day moving average price is $79.94.

QCR (NASDAQ:QCRH) last announced its earnings results on Wednesday, January 22nd. The bank reported $1.93 earnings per share (EPS) for the quarter, beating 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%. On average, equities research analysts forecast that QCR Holdings, Inc. will post 6.82 earnings per share for the current fiscal year.

QCR Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Wednesday, March 19th will be issued a $0.06 dividend. The ex-dividend date is Wednesday, March 19th. This represents a $0.24 dividend on an annualized basis and a yield of 0.32%. QCR’s payout ratio is currently 3.58%.

Insider Buying and Selling at QCR

In other news, EVP Nicole A. Lee acquired 1,094 shares of the firm’s stock in a transaction on Wednesday, January 29th. The shares were bought at an average price of $78.47 per share, for a total transaction of $85,846.18. Following the acquisition, the executive vice president now owns 1,881 shares of the company’s stock, valued at approximately $147,602.07. This trade represents a 139.01 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. 3.70% of the stock is currently owned by insiders.

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.