Dean Investment Associates LLC Reduces Stake in QCR Holdings, Inc. (NASDAQ:QCRH)

Dean Investment Associates LLC reduced its holdings in shares of QCR Holdings, Inc. (NASDAQ:QCRH - Free Report) by 26.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 48,211 shares of the bank's stock after selling 17,554 shares during the quarter. Dean Investment Associates LLC owned approximately 0.29% of QCR worth $3,569,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Innealta Capital LLC purchased a new stake in shares of QCR during the 2nd quarter worth approximately $35,000. Point72 Asset Management L.P. bought a new position in QCR during the third quarter valued at $54,000. Quest Partners LLC purchased a new stake in QCR in the third quarter worth $62,000. Point72 DIFC Ltd purchased a new position in shares of QCR during the 3rd quarter valued at $65,000. Finally, New York State Teachers Retirement System bought a new position in shares of QCR during the 3rd quarter worth $111,000. Hedge funds and other institutional investors own 70.01% of the company's stock.

QCR Stock Performance

NASDAQ QCRH traded down $0.23 during trading on Friday, hitting $90.39. 55,188 shares of the company's stock traded hands, compared to its average volume of 63,514. The business has a 50 day moving average of $83.89 and a 200-day moving average of $72.78. QCR Holdings, Inc. has a 12-month low of $50.29 and a 12-month high of $96.08. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.99 and a current ratio of 1.02. The stock has a market capitalization of $1.52 billion, a price-to-earnings ratio of 13.12 and a beta of 0.96.

QCR (NASDAQ:QCRH - Get Free Report) last issued its earnings results on Wednesday, October 23rd. The bank reported $1.78 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.49 by $0.29. The business had revenue of $152.58 million for the quarter, compared to analysts' expectations of $84.00 million. QCR had a net margin of 19.25% and a return on equity of 12.92%. During the same quarter in the previous year, the firm posted $1.51 EPS. As a group, equities research analysts anticipate that QCR Holdings, Inc. will post 6.73 earnings per share for the current fiscal year.

QCR Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Friday, December 13th will be paid a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 0.27%. The ex-dividend date is Friday, December 13th. QCR's dividend payout ratio is presently 3.48%.

Insiders Place Their Bets

In related news, CAO Nick W. Anderson sold 675 shares of the firm's stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $81.93, for a total transaction of $55,302.75. Following the transaction, the chief accounting officer now directly owns 782 shares in the company, valued at $64,069.26. This trade represents a 46.33 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 3.70% 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.