Empowered Funds LLC Grows Position in QCR Holdings, Inc. (NASDAQ:QCRH)

Empowered Funds LLC raised its holdings in shares of QCR Holdings, Inc. (NASDAQ:QCRH) by 5.1% during the fourth quarter, HoldingsChannel reports. The firm owned 67,267 shares of the bank’s stock after purchasing an additional 3,240 shares during the period. Empowered Funds LLC’s holdings in QCR were worth $5,424,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Point72 Asset Management L.P. bought a new position in QCR in the third quarter worth about $54,000. Quest Partners LLC purchased a new position in shares of QCR in the 3rd quarter worth approximately $62,000. R Squared Ltd bought a new position in shares of QCR during the 4th quarter worth approximately $64,000. Point72 DIFC Ltd purchased a new stake in QCR during the third quarter valued at approximately $65,000. Finally, New York State Teachers Retirement System acquired a new stake in QCR in the third quarter valued at approximately $111,000. Institutional investors own 70.01% of the company’s stock.

QCR Stock Performance

Shares of 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 firm has a market cap of $1.31 billion, a PE 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 stock has a fifty day moving average price of $81.77 and a 200-day moving average price of $79.65.

QCR (NASDAQ:QCRH) last issued its quarterly earnings results on Wednesday, January 22nd. The bank reported $1.93 earnings per share for the quarter, topping 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%. Equities research analysts predict that QCR Holdings, Inc. will post 6.82 earnings per share for the current fiscal year.

QCR Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Friday, December 13th were issued a $0.06 dividend. The ex-dividend date was Friday, December 13th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.31%. QCR’s dividend payout ratio is currently 3.58%.

Insider Transactions at QCR

In other QCR news, EVP Nicole A. Lee purchased 1,094 shares of the business’s stock in a transaction that occurred on Wednesday, January 29th. The shares were bought at an average price of $78.47 per share, for a total transaction of $85,846.18. Following the acquisition, the executive vice president now owns 1,881 shares in the company, valued at $147,602.07. This represents a 139.01 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 3.70% of the company’s stock.

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.