Victory Capital Management Inc. Sells 575 Shares of QCR Holdings, Inc. (NASDAQ:QCRH)

Victory Capital Management Inc. cut its position in shares of QCR Holdings, Inc. (NASDAQ:QCRH) by 3.9% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 14,125 shares of the bank’s stock after selling 575 shares during the period. Victory Capital Management Inc.’s holdings in QCR were worth $1,046,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of QCRH. Innealta Capital LLC bought a new stake in QCR during the 2nd quarter valued at $35,000. Lazard Asset Management LLC bought a new stake in QCR during the 1st quarter valued at $43,000. New York State Teachers Retirement System bought a new stake in QCR during the 3rd quarter valued at $111,000. SG Americas Securities LLC bought a new position in shares of QCR in the 3rd quarter worth $158,000. Finally, Summit Global Investments bought a new position in shares of QCR in the 3rd quarter worth $261,000. 70.01% of the stock is owned by institutional investors.

Insider Transactions at QCR

In other news, CAO Nick W. Anderson sold 675 shares of the business’s stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $81.93, for a total value of $55,302.75. Following the completion of the transaction, the chief accounting officer now directly owns 782 shares of the company’s stock, valued at approximately $64,069.26. The trade was a 46.33 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 3.70% of the company’s stock.

QCR Trading Down 0.4 %

QCRH opened at $93.51 on Thursday. The firm has a market cap of $1.58 billion, a price-to-earnings ratio of 13.57 and a beta of 0.93. The company has a current ratio of 1.02, a quick ratio of 0.99 and a debt-to-equity ratio of 0.67. QCR Holdings, Inc. has a 12 month low of $49.47 and a 12 month high of $96.08. The stock has a fifty day moving average price of $81.49 and a 200-day moving average price of $71.11.

QCR (NASDAQ:QCRH) last released its quarterly earnings results on Wednesday, October 23rd. The bank reported $1.78 EPS for the quarter, topping the consensus estimate of $1.49 by $0.29. The firm had revenue of $152.58 million during the quarter, compared to analyst estimates of $84.00 million. QCR had a return on equity of 12.92% and a net margin of 19.25%. During the same period in the previous year, the company posted $1.51 EPS. As a group, equities research analysts anticipate that QCR Holdings, Inc. will post 6.73 earnings per share for the current fiscal year.

QCR Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Friday, December 13th will be given a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.26%. The ex-dividend date is Friday, December 13th. QCR’s payout ratio is 3.48%.

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.