Victory Capital Management Inc. Cuts Stock Holdings in QCR Holdings, Inc. (NASDAQ:QCRH)

Victory Capital Management Inc. trimmed its stake in shares of QCR Holdings, Inc. (NASDAQ:QCRH) by 3.9% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 14,125 shares of the bank’s stock after selling 575 shares during the period. Victory Capital Management Inc. owned 0.08% of QCR worth $1,046,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of QCRH. Innealta Capital LLC bought a new stake in shares of QCR in the 2nd quarter worth about $35,000. Lazard Asset Management LLC bought a new stake in QCR during the first quarter worth approximately $43,000. New York State Teachers Retirement System purchased a new position in shares of QCR in the 3rd quarter worth approximately $111,000. SG Americas Securities LLC bought a new position in shares of QCR during the 3rd quarter valued at approximately $158,000. Finally, Summit Global Investments purchased a new stake in QCR during the 3rd quarter valued at $261,000. 70.01% of the stock is owned by hedge funds and other institutional investors.

QCR Stock Down 0.4 %

Shares of QCRH opened at $93.51 on Thursday. The company has a quick ratio of 0.99, a current ratio of 1.02 and a debt-to-equity ratio of 0.67. The business has a fifty day moving average of $81.49 and a 200 day moving average of $71.11. The company has a market cap of $1.58 billion, a PE ratio of 13.57 and a beta of 0.93. QCR Holdings, Inc. has a 52-week low of $49.47 and a 52-week high of $96.08.

QCR (NASDAQ:QCRH) last released its earnings results on Wednesday, October 23rd. The bank reported $1.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.49 by $0.29. The firm had revenue of $152.58 million during the quarter, compared to analyst estimates of $84.00 million. QCR had a net margin of 19.25% and a return on equity of 12.92%. During the same quarter last year, the business earned $1.51 EPS. On average, sell-side analysts expect that QCR Holdings, Inc. will post 6.73 EPS for the current year.

QCR Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Friday, December 13th will be paid a dividend of $0.06 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.26%. QCR’s dividend payout ratio is 3.48%.

Insider Transactions at QCR

In other news, CAO Nick W. Anderson sold 675 shares of QCR stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $81.93, for a total transaction of $55,302.75. Following the completion of the sale, the chief accounting officer now owns 782 shares of the company’s stock, valued at approximately $64,069.26. The trade was a 46.33 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 3.70% of the company’s stock.

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.