QCR Holdings, Inc. (NASDAQ:QCRH) Shares Acquired by Principal Financial Group Inc.

Principal Financial Group Inc. increased its stake in shares of QCR Holdings, Inc. (NASDAQ:QCRH) by 11.2% during the third quarter, Holdings Channel.com reports. The institutional investor owned 8,306 shares of the bank’s stock after buying an additional 834 shares during the quarter. Principal Financial Group Inc.’s holdings in QCR were worth $615,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. SG Americas Securities LLC purchased a new stake in QCR during the 1st quarter valued at about $116,000. Lazard Asset Management LLC acquired a new position in QCR in the 1st quarter worth approximately $43,000. Price T Rowe Associates Inc. MD increased its holdings in QCR by 12.9% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 4,713 shares of the bank’s stock worth $287,000 after buying an additional 539 shares during the period. Janus Henderson Group PLC raised its position in QCR by 131.3% during the 1st quarter. Janus Henderson Group PLC now owns 16,301 shares of the bank’s stock worth $989,000 after buying an additional 9,253 shares during the last quarter. Finally, Comerica Bank lifted its stake in QCR by 3.4% during the 1st quarter. Comerica Bank now owns 28,266 shares of the bank’s stock valued at $1,717,000 after acquiring an additional 938 shares during the period. 70.01% of the stock is owned by institutional investors and hedge funds.

QCR Stock Performance

Shares of QCRH stock opened at $92.67 on Friday. QCR Holdings, Inc. has a 52-week low of $49.47 and a 52-week high of $93.72. The company has a quick ratio of 0.99, a current ratio of 1.02 and a debt-to-equity ratio of 0.67. The stock has a market cap of $1.56 billion, a PE ratio of 13.45 and a beta of 0.93. The business has a 50-day simple moving average of $80.39 and a 200-day simple moving average of $70.30.

QCR (NASDAQ:QCRH) last announced its quarterly earnings results on Wednesday, October 23rd. The bank reported $1.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.49 by $0.29. The company had revenue of $152.58 million during the quarter, compared to the consensus estimate of $84.00 million. QCR had a return on equity of 12.92% and a net margin of 19.25%. During the same period in the previous year, the company posted $1.51 earnings per share. On average, equities analysts expect that QCR Holdings, Inc. will post 6.73 EPS for the current year.

QCR Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Friday, December 13th will be issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 0.26%. QCR’s dividend payout ratio (DPR) is presently 3.48%.

Insider Activity at QCR

In other QCR news, CAO Nick W. Anderson sold 675 shares of the company’s stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $81.93, for a total value of $55,302.75. Following the completion of the transaction, the chief accounting officer now owns 782 shares in the company, valued at approximately $64,069.26. This represents a 46.33 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 3.70% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $82.00 price objective (up previously from $70.00) on shares of QCR in a research note on Monday, July 29th.

QCR 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.