Bridgeway Capital Management LLC lowered its position in QCR Holdings, Inc. (NASDAQ:QCRH – Free Report) by 4.9% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 166,023 shares of the bank’s stock after selling 8,548 shares during the period. Bridgeway Capital Management LLC’s holdings in QCR were worth $13,830,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in QCRH. AQR Capital Management LLC lifted its stake in QCR by 20.7% in the first quarter. AQR Capital Management LLC now owns 38,470 shares of the bank’s stock valued at $2,744,000 after buying an additional 6,607 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in QCR by 4.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,729 shares of the bank’s stock valued at $694,000 after buying an additional 403 shares during the last quarter. Millennium Management LLC lifted its stake in QCR by 124.5% in the first quarter. Millennium Management LLC now owns 98,583 shares of the bank’s stock valued at $7,031,000 after buying an additional 54,678 shares during the last quarter. Jane Street Group LLC lifted its stake in QCR by 106.5% in the first quarter. Jane Street Group LLC now owns 30,052 shares of the bank’s stock valued at $2,143,000 after buying an additional 15,501 shares during the last quarter. Finally, Legal & General Group Plc lifted its stake in QCR by 1.0% in the second quarter. Legal & General Group Plc now owns 17,366 shares of the bank’s stock valued at $1,179,000 after buying an additional 165 shares during the last quarter. Hedge funds and other institutional investors own 70.01% of the company’s stock.
Insider Buying and Selling
In related news, CEO Laura L. Ekizian sold 750 shares of the company’s stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $94.96, for a total transaction of $71,220.00. Following the transaction, the chief executive officer owned 6,093 shares of the company’s stock, valued at $578,591.28. This represents a 10.96% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider James D. Klein sold 310 shares of the company’s stock in a transaction on Thursday, April 30th. The stock was sold at an average price of $91.00, for a total value of $28,210.00. Following the transaction, the insider directly owned 428 shares in the company, valued at $38,948. This represents a 42.01% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 3.20% of the company’s stock.
Wall Street Analyst Weigh In
Get Our Latest Stock Report on QCRH
QCR Trading Down 1.0%
NASDAQ:QCRH opened at $94.53 on Thursday. The firm has a market cap of $1.56 billion, a P/E ratio of 11.85 and a beta of 0.76. The company has a current ratio of 0.96, a quick ratio of 0.89 and a debt-to-equity ratio of 0.37. The stock’s 50 day simple moving average is $91.40 and its 200-day simple moving average is $88.30. QCR Holdings, Inc. has a 12-month low of $64.06 and a 12-month high of $97.25.
QCR (NASDAQ:QCRH – Get Free Report) last released its earnings results on Wednesday, April 22nd. The bank reported $1.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.78 by $0.21. The business had revenue of $89.52 million for the quarter, compared to analyst estimates of $105.42 million. QCR had a return on equity of 12.54% and a net margin of 21.98%. Equities analysts anticipate that QCR Holdings, Inc. will post 8.13 EPS for the current year.
QCR Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, July 3rd. Stockholders of record on Thursday, June 18th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Thursday, June 18th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.4%. QCR’s payout ratio is presently 5.01%.
About QCR
QCR Holdings, Inc, headquartered in Moline, Illinois, is a bank holding company that delivers community banking services through its wholly owned subsidiary, QCR Bank. The company focuses on serving individuals, small to medium-sized businesses and municipal clients in select Midwestern markets.
QCR Bank offers a broad array of deposit and lending products, including personal and business checking and savings accounts, commercial real estate loans, equipment financing, mortgage lending and treasury management solutions.
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