Empowered Funds LLC Raises Stock Holdings in QCR Holdings, Inc. (NASDAQ:QCRH)

Empowered Funds LLC grew its position in shares of QCR Holdings, Inc. (NASDAQ:QCRH) by 5.1% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 67,267 shares of the bank’s stock after acquiring an additional 3,240 shares during the quarter. Empowered Funds LLC owned about 0.40% of QCR worth $5,424,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Assenagon Asset Management S.A. bought a new position in shares of QCR during the 4th quarter valued at approximately $3,755,000. JPMorgan Chase & Co. increased its position in 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 acquiring an additional 41,043 shares during the last quarter. Barclays PLC raised its stake in shares of QCR by 148.9% in the third quarter. Barclays PLC now owns 30,805 shares of the bank’s stock valued at $2,281,000 after acquiring an additional 18,430 shares during the period. State Street Corp lifted its holdings in shares of QCR by 3.4% in the 3rd quarter. State Street Corp now owns 481,809 shares of the bank’s stock worth $35,696,000 after acquiring an additional 16,006 shares during the last quarter. Finally, Wellington Management Group LLP boosted its stake 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 worth $18,763,000 after purchasing an additional 12,052 shares during the period. 70.01% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at QCR

In related news, EVP Nicole A. Lee purchased 1,094 shares of the firm’s stock in a transaction dated Wednesday, January 29th. The stock was purchased at an average price of $78.47 per share, with a total value of $85,846.18. Following the completion of the purchase, the executive vice president now owns 1,881 shares of the company’s stock, valued at approximately $147,602.07. The trade was a 139.01 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 3.70% of the company’s stock.

QCR Stock Performance

Shares of NASDAQ:QCRH opened at $77.90 on Wednesday. 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 company has a market capitalization of $1.31 billion, a price-to-earnings ratio of 11.61 and a beta of 0.97. QCR Holdings, Inc. has a 12 month low of $54.37 and a 12 month high of $96.08. The firm’s 50-day moving average is $81.77 and its 200 day moving average is $79.65.

QCR (NASDAQ:QCRH) last released its earnings results on Wednesday, January 22nd. The bank reported $1.93 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%. Research analysts predict that QCR Holdings, Inc. will post 6.82 EPS for the current year.

QCR Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Friday, December 13th were given a dividend of $0.06 per share. The ex-dividend date was Friday, December 13th. This represents a $0.24 annualized dividend and a dividend yield of 0.31%. QCR’s dividend payout ratio (DPR) is 3.58%.

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.