Wellington Management Group LLP Lowers Position in QCR Holdings, Inc. (NASDAQ:QCRH)

Wellington Management Group LLP lessened its stake in QCR Holdings, Inc. (NASDAQ:QCRH - Free Report) by 4.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 241,903 shares of the bank's stock after selling 11,549 shares during the period. Wellington Management Group LLP owned about 1.43% of QCR worth $19,507,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC lifted its position in shares of QCR by 2.9% in the 4th quarter. Janney Montgomery Scott LLC now owns 5,016 shares of the bank's stock worth $404,000 after purchasing an additional 142 shares during the period. Rhumbline Advisers raised its position in shares of QCR by 0.6% in the 4th quarter. Rhumbline Advisers now owns 26,061 shares of the bank's stock worth $2,102,000 after acquiring an additional 165 shares in the last quarter. Farther Finance Advisors LLC purchased a new position in shares of QCR in the 4th quarter valued at approximately $35,000. Principal Financial Group Inc. boosted its position in shares of QCR by 7.7% during the fourth quarter. Principal Financial Group Inc. now owns 8,946 shares of the bank's stock valued at $721,000 after purchasing an additional 640 shares in the last quarter. Finally, Point72 Asset Management L.P. bought a new position in QCR in the third quarter worth $54,000. 70.01% of the stock is currently owned by institutional investors.

Insider Buying and Selling at QCR

In related news, insider James D. Klein sold 630 shares of QCR stock in a transaction on Friday, March 14th. The stock was sold at an average price of $73.40, for a total value of $46,242.00. Following the completion of the sale, the insider now owns 428 shares of the company's stock, valued at $31,415.20. The trade was a 59.55 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Nicole A. Lee bought 1,094 shares of the stock in a transaction on Wednesday, January 29th. The stock was purchased at an average cost 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 of the company's stock, valued at $147,602.07. This trade represents a 139.01 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 3.70% of the company's stock.

QCR Stock Down 0.6 %

QCRH stock traded down $0.39 on Friday, reaching $63.60. 78,196 shares of the company traded hands, compared to its average volume of 72,036. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.02 and a quick ratio of 0.99. The firm has a fifty day simple moving average of $72.84 and a 200-day simple moving average of $79.13. QCR Holdings, Inc. has a one year low of $54.37 and a one year high of $96.08. The company has a market cap of $1.07 billion, a P/E ratio of 9.48 and a beta of 0.81.

QCR (NASDAQ:QCRH - Get Free Report) last announced its quarterly earnings results on Wednesday, January 22nd. The bank reported $1.93 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.74 by $0.19. QCR had a net margin of 19.06% and a return on equity of 12.68%. Research analysts anticipate that QCR Holdings, Inc. will post 6.82 earnings per share for the current year.

QCR Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Wednesday, March 19th were given a $0.06 dividend. The ex-dividend date was Wednesday, March 19th. This represents a $0.24 annualized dividend and a yield of 0.38%. QCR's dividend payout ratio (DPR) is presently 3.58%.

Analyst Ratings Changes

Separately, Raymond James decreased their price target on shares of QCR from $95.00 to $82.00 and set an "outperform" rating for the company in a research note on Wednesday, April 2nd.

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.