Quantbot Technologies LP Decreases Position in QCR Holdings, Inc. (NASDAQ:QCRH)

Quantbot Technologies LP trimmed its holdings in shares of QCR Holdings, Inc. (NASDAQ:QCRH) by 31.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,544 shares of the bank’s stock after selling 694 shares during the period. Quantbot Technologies LP’s holdings in QCR were worth $125,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of QCRH. JPMorgan Chase & Co. boosted its holdings in QCR by 10.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 421,843 shares of the bank’s stock valued at $31,229,000 after acquiring an additional 41,043 shares during the period. Barclays PLC boosted its stake in shares of 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 during the period. Jane Street Group LLC grew its holdings in shares of QCR by 48.9% in the third quarter. Jane Street Group LLC now owns 27,080 shares of the bank’s stock worth $2,005,000 after purchasing an additional 8,890 shares during the last quarter. Assenagon Asset Management S.A. purchased a new position in shares of QCR in the fourth quarter worth $3,755,000. Finally, Charles Schwab Investment Management Inc. raised its holdings in QCR by 6.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 145,990 shares of the bank’s stock valued at $11,773,000 after buying an additional 9,292 shares during the last quarter. 70.01% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, insider James D. Klein sold 630 shares of the stock in a transaction that occurred on 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 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Nicole A. Lee purchased 1,094 shares of the company’s stock in a transaction that occurred on Wednesday, January 29th. The shares were purchased at an average price of $78.47 per share, for a total transaction of $85,846.18. Following the completion of the transaction, the executive vice president now directly owns 1,881 shares of the company’s stock, valued at $147,602.07. This represents a 139.01 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 3.70% of the company’s stock.

QCR Price Performance

Shares of QCR stock opened at $71.96 on Monday. 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 company’s fifty day simple moving average is $75.73 and its two-hundred day simple moving average is $79.87. The firm has a market cap of $1.22 billion, a PE ratio of 10.72 and a beta of 0.98. QCR Holdings, Inc. has a 12-month low of $54.37 and a 12-month high of $96.08.

QCR (NASDAQ:QCRH) last released its quarterly earnings data 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%. As a group, equities analysts expect that QCR Holdings, Inc. will post 6.82 EPS for the current year.

QCR Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Wednesday, March 19th will be given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 0.33%. The ex-dividend date is Wednesday, March 19th. QCR’s payout ratio is currently 3.58%.

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.