QCR Holdings, Inc. (NASDAQ:QCRH) Insider Sells $46,242.00 in Stock

QCR Holdings, Inc. (NASDAQ:QCRH - Get Free Report) insider James D. Klein sold 630 shares of QCR stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $73.40, for a total value of $46,242.00. Following the completion of the transaction, the insider now owns 428 shares of the company's stock, valued at approximately $31,415.20. This represents a 59.55 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

QCR Price Performance

Shares of NASDAQ:QCRH traded down $0.91 during midday trading on Friday, reaching $71.77. 145,726 shares of the company's stock traded hands, compared to its average volume of 67,137. The company has a fifty day simple moving average of $76.49 and a two-hundred day simple moving average of $79.86. QCR Holdings, Inc. has a 1 year low of $54.37 and a 1 year high of $96.08. The company has a market cap of $1.21 billion, a P/E ratio of 10.70 and a beta of 0.98. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.99 and a current ratio of 1.02.

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

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QCR Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Wednesday, March 19th will be issued a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 0.33%. The ex-dividend date is Wednesday, March 19th. QCR's payout ratio is 3.58%.

Hedge Funds Weigh In On QCR

Hedge funds have recently made changes to their positions in the company. Principal Financial Group Inc. increased its position in shares of QCR by 11.2% during the third quarter. Principal Financial Group Inc. now owns 8,306 shares of the bank's stock worth $615,000 after purchasing an additional 834 shares in the last quarter. Empowered Funds LLC grew its holdings in shares of QCR by 5.3% during the third quarter. Empowered Funds LLC now owns 64,027 shares of the bank's stock worth $4,740,000 after buying an additional 3,216 shares in the last quarter. Quest Partners LLC purchased a new stake in shares of QCR during the third quarter worth $62,000. Connor Clark & Lunn Investment Management Ltd. raised its position in shares of QCR by 40.5% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 9,930 shares of the bank's stock valued at $735,000 after buying an additional 2,862 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of QCR by 1.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 136,698 shares of the bank's stock worth $10,120,000 after buying an additional 2,328 shares in the last quarter. Institutional investors and hedge funds own 70.01% of the company's stock.

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.