Victory Capital Management Inc. boosted its stake in shares of QCR Holdings, Inc. (NASDAQ:QCRH - Free Report) by 40.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,863 shares of the bank's stock after purchasing an additional 5,738 shares during the quarter. Victory Capital Management Inc. owned about 0.12% of QCR worth $1,602,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its position in QCR by 10.8% during the third 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. Barclays PLC boosted its position in QCR by 148.9% during the third 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. Alpha DNA Investment Management LLC bought a new stake in QCR during the third quarter valued at about $455,000. Jane Street Group LLC boosted its position in QCR by 48.9% during the third quarter. Jane Street Group LLC now owns 27,080 shares of the bank's stock valued at $2,005,000 after purchasing an additional 8,890 shares in the last quarter. Finally, Assenagon Asset Management S.A. bought a new stake in QCR during the fourth quarter valued at about $3,755,000. Institutional investors own 70.01% of the company's stock.
Insiders Place Their Bets
In other news, insider James D. Klein sold 630 shares of the firm's stock in a transaction dated 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 transaction, the insider now directly owns 428 shares in the company, valued at $31,415.20. This trade represents a 59.55 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Nicole A. Lee acquired 1,094 shares of QCR stock in a transaction dated Wednesday, January 29th. The stock was purchased at an average price of $78.47 per share, with a total value of $85,846.18. Following the completion of the purchase, the executive vice president now owns 1,881 shares of the company's stock, valued at approximately $147,602.07. The trade was a 139.01 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 3.70% of the company's stock.
QCR Stock Down 1.3 %
NASDAQ QCRH traded down $0.91 during trading on Friday, hitting $71.77. The company's stock had a trading volume of 145,726 shares, compared to its average volume of 67,105. 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 company has a market cap of $1.21 billion, a PE ratio of 10.70 and a beta of 0.98. The business's 50 day simple moving average is $76.39 and its 200-day simple moving average is $79.83. QCR Holdings, Inc. has a fifty-two week low of $54.37 and a fifty-two week high of $96.08.
QCR (NASDAQ:QCRH - Get Free Report) last issued its quarterly earnings results on Wednesday, January 22nd. The bank reported $1.93 earnings per share 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%. On average, equities analysts anticipate that QCR Holdings, Inc. will post 6.82 EPS for the current fiscal year.
QCR Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders 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 of this dividend is Wednesday, March 19th. QCR's dividend payout ratio is presently 3.58%.
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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