Dynamic Technology Lab Private Ltd Buys Shares of 10,283 QCR Holdings, Inc. (NASDAQ:QCRH)

Dynamic Technology Lab Private Ltd purchased a new position in QCR Holdings, Inc. (NASDAQ:QCRH) in the fourth quarter, Holdings Channel reports. The fund purchased 10,283 shares of the bank’s stock, valued at approximately $829,000.

Several other institutional investors have also made changes to their positions in the stock. Farther Finance Advisors LLC purchased a new position in shares of QCR during the 4th quarter valued at $35,000. Point72 Asset Management L.P. acquired a new position in QCR in the 3rd quarter worth about $54,000. R Squared Ltd acquired a new position in QCR in the fourth quarter worth approximately $64,000. Point72 DIFC Ltd bought a new position in shares of QCR during the 3rd quarter valued at $65,000. Finally, Hohimer Wealth Management LLC bought a new position in QCR during the third quarter valued at about $232,000. 70.01% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at QCR

In other QCR news, EVP Nicole A. Lee bought 1,094 shares of the stock in a transaction that occurred on 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 completion of the purchase, the executive vice president now directly owns 1,881 shares in the company, valued at $147,602.07. The trade was a 139.01 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider James D. Klein sold 630 shares of the firm’s stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $73.40, for a total transaction of $46,242.00. Following 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 disclosure for this sale can be found here. 3.70% of the stock is currently owned by corporate insiders.

QCR Stock Performance

Shares of QCRH opened at $64.60 on Monday. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.02 and a quick ratio of 0.99. QCR Holdings, Inc. has a one year low of $54.37 and a one year high of $96.08. The company’s fifty day moving average price is $74.62 and its 200 day moving average price is $79.68. The company has a market capitalization of $1.09 billion, a PE ratio of 9.63 and a beta of 0.81.

QCR (NASDAQ:QCRH) last announced its earnings results on Wednesday, January 22nd. The bank reported $1.93 earnings per share for the quarter, beating 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, analysts expect that QCR Holdings, Inc. will post 6.82 earnings per share for the current year.

QCR Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Stockholders of record on Wednesday, March 19th were given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.37%. The ex-dividend date was Wednesday, March 19th. QCR’s dividend payout ratio is presently 3.58%.

Wall Street Analyst Weigh In

Separately, Raymond James lowered their price objective on QCR from $95.00 to $82.00 and set an “outperform” rating on the stock in a report on Wednesday, April 2nd.

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.