Fisher Asset Management LLC Cuts Position in QCR Holdings, Inc. (NASDAQ:QCRH)

Fisher Asset Management LLC lowered its position in QCR Holdings, Inc. (NASDAQ:QCRH) by 4.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 29,020 shares of the bank’s stock after selling 1,367 shares during the quarter. Fisher Asset Management LLC owned approximately 0.17% of QCR worth $2,340,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in QCRH. JPMorgan Chase & Co. lifted its position in shares of QCR by 10.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 421,843 shares of the bank’s stock worth $31,229,000 after purchasing an additional 41,043 shares during the last quarter. Barclays PLC raised its stake in QCR by 148.9% in the third quarter. Barclays PLC now owns 30,805 shares of the bank’s stock valued at $2,281,000 after buying an additional 18,430 shares in the last quarter. Versor Investments LP purchased a new stake in QCR during the 3rd quarter worth about $733,000. Alpha DNA Investment Management LLC acquired a new position in shares of QCR during the 3rd quarter worth about $455,000. Finally, Jane Street Group LLC increased its holdings in shares of QCR by 48.9% in the 3rd quarter. Jane Street Group LLC now owns 27,080 shares of the bank’s stock valued at $2,005,000 after acquiring an additional 8,890 shares during the last quarter. Institutional investors and hedge funds own 70.01% of the company’s stock.

Insiders Place Their Bets

In other news, 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 purchase, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 3.70% of the company’s stock.

QCR Price Performance

QCRH stock opened at $72.37 on Thursday. The business has a 50 day moving average price of $78.14 and a 200 day moving average price of $80.06. 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 stock has a market cap of $1.22 billion, a price-to-earnings ratio of 10.79 and a beta of 0.98. QCR Holdings, Inc. has a fifty-two week low of $54.37 and a fifty-two week high of $96.08.

QCR (NASDAQ:QCRH) last issued 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 net margin of 19.06% and a return on equity of 12.68%. Equities research analysts anticipate that QCR Holdings, Inc. will post 6.82 earnings per share for the current fiscal 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 paid a $0.06 dividend. The ex-dividend date of this dividend is Wednesday, March 19th. This represents a $0.24 annualized dividend and a yield of 0.33%. QCR’s dividend payout ratio is presently 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.