Northwest Bank & Trust Co Acquires New Position in QCR Holdings, Inc. (NASDAQ:QCRH)

Northwest Bank & Trust Co bought a new position in QCR Holdings, Inc. (NASDAQ:QCRH) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 3,495 shares of the bank’s stock, valued at approximately $204,000.

Other institutional investors also recently modified their holdings of the company. Comerica Bank grew its stake in shares of QCR by 1.3% in the 4th quarter. Comerica Bank now owns 27,328 shares of the bank’s stock valued at $1,596,000 after buying an additional 344 shares in the last quarter. Summit Financial Strategies Inc. acquired a new position in shares of QCR during the 4th quarter worth $211,000. Jag Capital Management LLC bought a new position in shares of QCR during the 4th quarter valued at $212,000. Dimensional Fund Advisors LP lifted its stake in shares of QCR by 2.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,025,967 shares of the bank’s stock valued at $59,907,000 after purchasing an additional 24,251 shares during the last quarter. Finally, Teacher Retirement System of Texas boosted its holdings in QCR by 5.4% in the fourth quarter. Teacher Retirement System of Texas now owns 10,600 shares of the bank’s stock worth $619,000 after purchasing an additional 540 shares in the last quarter. Institutional investors and hedge funds own 70.01% of the company’s stock.

QCR Stock Down 0.9 %

NASDAQ QCRH traded down $0.49 during trading on Friday, hitting $55.22. 40,912 shares of the company traded hands, compared to its average volume of 41,076. QCR Holdings, Inc. has a 12 month low of $40.30 and a 12 month high of $62.94. The business has a fifty day simple moving average of $57.16 and a 200 day simple moving average of $57.12. The company has a market capitalization of $928.25 million, a P/E ratio of 8.23 and a beta of 0.97. The company has a current ratio of 1.00, a quick ratio of 0.95 and a debt-to-equity ratio of 0.54.

QCR (NASDAQ:QCRH) last issued its quarterly earnings data on Tuesday, April 23rd. The bank reported $1.59 earnings per share for the quarter, beating analysts’ consensus estimates of $1.32 by $0.27. The business had revenue of $141.91 million for the quarter, compared to the consensus estimate of $82.83 million. QCR had a return on equity of 13.23% and a net margin of 19.92%. During the same period last year, the business earned $1.65 EPS. As a group, sell-side analysts predict that QCR Holdings, Inc. will post 5.78 EPS for the current year.

QCR Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 3rd. Stockholders of record on Friday, June 14th will be paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.43%. The ex-dividend date is Friday, June 14th. QCR’s payout ratio 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.