Dynamic Technology Lab Private Ltd Makes New $829,000 Investment in QCR Holdings, Inc. (NASDAQ:QCRH)

Dynamic Technology Lab Private Ltd purchased a new stake in QCR Holdings, Inc. (NASDAQ:QCRH) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 10,283 shares of the bank’s stock, valued at approximately $829,000. Dynamic Technology Lab Private Ltd owned 0.06% of QCR at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Farther Finance Advisors LLC bought a new stake in QCR during the 4th quarter valued at $35,000. Point72 Asset Management L.P. acquired a new position in shares of QCR during the third quarter valued at $54,000. R Squared Ltd bought a new stake in shares of QCR during the fourth quarter valued at about $64,000. Point72 DIFC Ltd acquired a new stake in QCR in the third quarter worth about $65,000. Finally, Hohimer Wealth Management LLC bought a new position in QCR in the 3rd quarter valued at about $232,000. Institutional investors own 70.01% of the company’s stock.

Insider Buying and Selling at QCR

In related news, insider James D. Klein sold 630 shares of QCR stock in a transaction on Friday, March 14th. The stock was sold at an average price of $73.40, for a total value of $46,242.00. Following the transaction, the insider now directly owns 428 shares in the company, valued at $31,415.20. The trade was a 59.55 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Nicole A. Lee bought 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, with a total value of $85,846.18. Following the completion of the acquisition, the executive vice president now owns 1,881 shares of the company’s stock, valued at $147,602.07. The trade was a 139.01 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 3.70% of the stock is owned by corporate insiders.

QCR Stock Down 2.1 %

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

QCR (NASDAQ:QCRH) last issued its quarterly earnings results on Wednesday, January 22nd. The bank reported $1.93 earnings per share for the quarter, beating analysts’ consensus estimates of $1.74 by $0.19. QCR had a net margin of 19.06% and a return on equity of 12.68%. On average, equities analysts predict that QCR Holdings, Inc. will post 6.82 EPS for the current fiscal year.

QCR Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Wednesday, March 19th were given a $0.06 dividend. The ex-dividend date of this dividend was Wednesday, March 19th. This represents a $0.24 annualized dividend and a yield of 0.37%. QCR’s dividend payout ratio (DPR) is 3.58%.

Wall Street Analyst Weigh In

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

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.