Summit Global Investments Has $235,000 Stake in QCR Holdings, Inc. (NASDAQ:QCRH)

Summit Global Investments lowered its stake in shares of QCR Holdings, Inc. (NASDAQ:QCRH) by 17.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,919 shares of the bank’s stock after selling 607 shares during the quarter. Summit Global Investments’ holdings in QCR were worth $235,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Magnetar Financial LLC lifted its position in shares of QCR by 102.9% during the 4th quarter. Magnetar Financial LLC now owns 7,835 shares of the bank’s stock valued at $632,000 after acquiring an additional 3,973 shares during the period. Connor Clark & Lunn Investment Management Ltd. lifted its position in QCR by 125.5% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 22,396 shares of the bank’s stock worth $1,806,000 after purchasing an additional 12,466 shares during the period. Farther Finance Advisors LLC bought a new stake in QCR during the fourth quarter worth about $35,000. AlphaQuest LLC grew its stake in QCR by 1,080.5% during the fourth quarter. AlphaQuest LLC now owns 9,893 shares of the bank’s stock worth $798,000 after buying an additional 9,055 shares in the last quarter. Finally, Jackson Creek Investment Advisors LLC bought a new position in QCR in the 4th quarter valued at about $1,623,000. Institutional investors own 70.01% of the company’s stock.

Insider Buying and Selling at QCR

In related news, EVP Nicole A. Lee purchased 1,094 shares of QCR stock in a transaction dated Wednesday, January 29th. The shares were bought at an average cost of $78.47 per share, for a total transaction of $85,846.18. Following the purchase, the executive vice president now owns 1,881 shares in the company, valued at approximately $147,602.07. This trade represents a 139.01 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider James D. Klein sold 630 shares of QCR stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $73.40, for a total transaction of $46,242.00. Following the sale, the insider now directly owns 428 shares in the company, valued at $31,415.20. This trade represents a 59.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 3.70% of the company’s stock.

QCR Price Performance

Shares of NASDAQ:QCRH opened at $72.85 on Wednesday. The company has a current ratio of 1.02, a quick ratio of 0.99 and a debt-to-equity ratio of 0.67. The stock has a market capitalization of $1.23 billion, a PE ratio of 10.86 and a beta of 0.98. The firm has a 50 day moving average of $76.20 and a 200-day moving average of $79.88. QCR Holdings, Inc. has a 12 month low of $54.37 and a 12 month high of $96.08.

QCR (NASDAQ:QCRH) last released its earnings results 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 return on equity of 12.68% and a net margin of 19.06%. On average, equities research analysts predict that QCR Holdings, Inc. will post 6.82 EPS for the current fiscal year.

QCR Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Wednesday, March 19th will be paid a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 0.33%. The ex-dividend date is Wednesday, March 19th. QCR’s dividend payout ratio (DPR) is presently 3.58%.

QCR 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.