AlphaQuest LLC Purchases 9,055 Shares of QCR Holdings, Inc. (NASDAQ:QCRH)

AlphaQuest LLC grew its position in shares of QCR Holdings, Inc. (NASDAQ:QCRH) by 1,080.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,893 shares of the bank’s stock after acquiring an additional 9,055 shares during the period. AlphaQuest LLC’s holdings in QCR were worth $798,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Raymond James Financial Inc. purchased a new position in shares of QCR during the fourth quarter valued at about $3,979,000. Assenagon Asset Management S.A. purchased a new position in shares of QCR during the fourth quarter valued at about $3,755,000. JPMorgan Chase & Co. increased its position in shares of QCR by 10.8% during the third 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 during the period. Jackson Creek Investment Advisors LLC purchased a new position in shares of QCR during the fourth quarter valued at about $1,623,000. Finally, Barclays PLC increased its position in shares of QCR by 148.9% during the third 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 during the period. 70.01% of the stock is owned by institutional investors.

QCR Price Performance

Shares of NASDAQ QCRH opened at $71.51 on Tuesday. QCR Holdings, Inc. has a 1 year low of $54.37 and a 1 year high of $96.08. 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 company’s 50-day moving average is $77.56 and its 200 day moving average is $80.11. The stock has a market capitalization of $1.21 billion, a P/E ratio of 10.66 and a beta of 0.98.

QCR (NASDAQ:QCRH) last announced its quarterly earnings results on Wednesday, January 22nd. The bank reported $1.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.74 by $0.19. QCR had a net margin of 19.06% and a return on equity of 12.68%. On average, sell-side analysts expect that QCR Holdings, Inc. will post 6.82 earnings per share for the current year.

QCR Dividend Announcement

The firm 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. This represents a $0.24 dividend on an annualized basis and a yield of 0.34%. The ex-dividend date is Wednesday, March 19th. QCR’s dividend payout ratio (DPR) is presently 3.58%.

Insiders Place Their Bets

In other QCR news, EVP Nicole A. Lee acquired 1,094 shares of the business’s stock in a transaction on Wednesday, January 29th. The shares were acquired at an average price of $78.47 per share, for a total transaction of $85,846.18. Following the completion of the acquisition, the executive vice president now owns 1,881 shares in the company, valued at $147,602.07. This trade represents a 139.01 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 3.70% of the company’s stock.

QCR Company 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.