Connor Clark & Lunn Investment Management Ltd. increased its stake in QCR Holdings, Inc. (NASDAQ:QCRH - Free Report) by 125.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 22,396 shares of the bank's stock after buying an additional 12,466 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned about 0.13% of QCR worth $1,806,000 as of its most recent filing with the SEC.
Other large investors have also modified their holdings of the company. Raymond James Financial Inc. acquired a new stake in QCR during the 4th quarter valued at approximately $3,979,000. Assenagon Asset Management S.A. acquired a new stake in QCR during the 4th quarter valued at approximately $3,755,000. JPMorgan Chase & Co. grew its stake in QCR by 10.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 421,843 shares of the bank's stock valued at $31,229,000 after purchasing an additional 41,043 shares in the last quarter. Jackson Creek Investment Advisors LLC acquired a new stake in QCR during the 4th quarter valued at approximately $1,623,000. Finally, Barclays PLC grew its stake in QCR by 148.9% during the 3rd quarter. Barclays PLC now owns 30,805 shares of the bank's stock valued at $2,281,000 after purchasing an additional 18,430 shares in the last quarter. Institutional investors and hedge funds own 70.01% of the company's stock.
QCR Stock Down 1.3 %
NASDAQ QCRH traded down $0.91 during mid-day trading on Friday, reaching $71.77. 145,726 shares of the company's stock traded hands, compared to its average volume of 67,105. QCR Holdings, Inc. has a 1-year low of $54.37 and a 1-year high of $96.08. The company has a fifty day simple moving average of $76.39 and a 200-day simple moving average of $79.83. 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 company has a market cap of $1.21 billion, a price-to-earnings ratio of 10.70 and a beta of 0.98.
QCR (NASDAQ:QCRH - Get Free Report) last issued its earnings results on Wednesday, January 22nd. The bank reported $1.93 EPS for the quarter, topping the consensus estimate of $1.74 by $0.19. QCR had a return on equity of 12.68% and a net margin of 19.06%. As a group, equities research analysts expect that QCR Holdings, Inc. will post 6.82 EPS for the current year.
QCR Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Wednesday, March 19th will be given a $0.06 dividend. The ex-dividend date is Wednesday, March 19th. This represents a $0.24 annualized dividend and a dividend yield of 0.33%. QCR's payout ratio is 3.58%.
Insider Transactions at QCR
In other QCR 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 transaction of $46,242.00. Following 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Nicole A. Lee bought 1,094 shares of the business's stock in a transaction on Wednesday, January 29th. The shares were acquired at an average cost of $78.47 per share, for a total transaction 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 represents a 139.01 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 3.70% of the company's stock.
QCR Company Profile
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Free Report)
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.
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