Versor Investments LP lessened its position in shares of QCR Holdings, Inc. (NASDAQ:QCRH – Free Report) by 26.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 7,300 shares of the bank’s stock after selling 2,600 shares during the quarter. Versor Investments LP’s holdings in QCR were worth $589,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Point72 Asset Management L.P. purchased a new position in shares of QCR during the 3rd quarter valued at approximately $54,000. Quest Partners LLC acquired a new position in QCR during the third quarter worth $62,000. R Squared Ltd purchased a new position in QCR during the fourth quarter valued at $64,000. Point72 DIFC Ltd purchased a new position in QCR during the third quarter valued at $65,000. Finally, New York State Teachers Retirement System acquired a new stake in shares of QCR in the third quarter valued at about $111,000. Hedge funds and other institutional investors own 70.01% of the company’s stock.
Insiders Place Their Bets
In other QCR news, EVP Nicole A. Lee bought 1,094 shares of the firm’s stock in a transaction on Wednesday, January 29th. The shares were acquired at an average cost 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 $147,602.07. This trade represents a 139.01 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. 3.70% of the stock is currently owned by corporate insiders.
QCR Stock Up 0.9 %
QCR (NASDAQ:QCRH – Get Free Report) last announced its earnings results on Wednesday, January 22nd. The bank reported $1.93 EPS for the quarter, beating analysts’ consensus estimates of $1.74 by $0.19. QCR had a return on equity of 12.68% and a net margin of 19.06%. Sell-side analysts expect that QCR Holdings, Inc. will post 6.82 earnings per share for the current fiscal 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 $0.06 dividend. The ex-dividend date is Wednesday, March 19th. This represents a $0.24 dividend on an annualized basis and a yield of 0.32%. QCR’s payout ratio is currently 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.
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