Janney Montgomery Scott LLC Raises Holdings in QCR Holdings, Inc. (NASDAQ:QCRH)

Janney Montgomery Scott LLC increased its stake in shares of QCR Holdings, Inc. (NASDAQ:QCRH) by 2.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,016 shares of the bank’s stock after acquiring an additional 142 shares during the period. Janney Montgomery Scott LLC’s holdings in QCR were worth $404,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of QCRH. SG Americas Securities LLC boosted its stake in shares of QCR by 136.5% during the 4th quarter. SG Americas Securities LLC now owns 5,053 shares of the bank’s stock worth $407,000 after acquiring an additional 2,916 shares in the last quarter. Assenagon Asset Management S.A. acquired a new position in QCR in the 4th quarter worth about $3,755,000. JPMorgan Chase & Co. boosted its position in QCR by 10.8% during the third 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. Principal Financial Group Inc. grew its holdings in QCR by 11.2% in the third quarter. Principal Financial Group Inc. now owns 8,306 shares of the bank’s stock valued at $615,000 after purchasing an additional 834 shares during the period. Finally, Hohimer Wealth Management LLC purchased a new stake in shares of QCR in the third quarter valued at approximately $232,000. 70.01% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

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

QCR Trading Down 0.5 %

Shares of QCRH stock opened at $77.23 on Tuesday. The stock has a 50 day simple moving average of $82.06 and a 200-day simple moving average of $79.63. QCR Holdings, Inc. has a 1-year low of $54.37 and a 1-year high of $96.08. The company has a market cap of $1.30 billion, a price-to-earnings ratio of 11.51 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.

QCR (NASDAQ:QCRH) last posted its quarterly earnings data 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, equities research analysts expect that QCR Holdings, Inc. will post 6.82 EPS for the current fiscal year.

QCR Dividend Announcement

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

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.