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

Victory Capital Management Inc. boosted its holdings in QCR Holdings, Inc. (NASDAQ:QCRH) by 40.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 19,863 shares of the bank’s stock after buying an additional 5,738 shares during the quarter. Victory Capital Management Inc. owned approximately 0.12% of QCR worth $1,602,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. Janney Montgomery Scott LLC increased its holdings in QCR by 2.9% in the fourth quarter. Janney Montgomery Scott LLC now owns 5,016 shares of the bank’s stock valued at $404,000 after buying an additional 142 shares during the last quarter. Rhumbline Advisers increased its holdings in QCR by 0.6% in the fourth quarter. Rhumbline Advisers now owns 26,061 shares of the bank’s stock valued at $2,102,000 after buying an additional 165 shares during the last quarter. Principal Financial Group Inc. increased its holdings in QCR by 7.7% in the fourth quarter. Principal Financial Group Inc. now owns 8,946 shares of the bank’s stock valued at $721,000 after buying an additional 640 shares during the last quarter. Point72 Asset Management L.P. purchased a new position in QCR in the third quarter valued at $54,000. Finally, R Squared Ltd purchased a new position in QCR in the fourth quarter valued at $64,000. Hedge funds and other 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 stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $73.40, for a total transaction of $46,242.00. Following the completion of the sale, the insider now owns 428 shares in the company, valued at approximately $31,415.20. This represents a 59.55 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Nicole A. Lee bought 1,094 shares of the firm’s stock in a transaction dated Wednesday, January 29th. The shares were acquired at an average price of $78.47 per share, with a total value of $85,846.18. Following the purchase, the executive vice president now directly owns 1,881 shares of the company’s stock, valued at approximately $147,602.07. This trade represents a 139.01 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 3.70% of the company’s stock.

QCR Stock Performance

Shares of QCRH stock opened at $74.04 on Wednesday. The stock’s 50-day moving average is $76.73 and its two-hundred day moving average is $79.96. The firm has a market cap of $1.25 billion, a price-to-earnings ratio of 11.03 and a beta of 0.98. QCR Holdings, Inc. has a 1 year low of $54.37 and a 1 year 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.

QCR (NASDAQ:QCRH) last issued its quarterly earnings data on Wednesday, January 22nd. The bank reported $1.93 earnings per share (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%. Analysts predict that QCR Holdings, Inc. will post 6.82 earnings per share for the current year.

QCR Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Wednesday, March 19th will be issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.32%. The ex-dividend date of this dividend is Wednesday, March 19th. QCR’s payout ratio is 3.58%.

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.