QCR Holdings, Inc. (NASDAQ:QCRH) Shares Sold by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company reduced its position in QCR Holdings, Inc. (NASDAQ:QCRH) by 1.9% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 233,302 shares of the bank’s stock after selling 4,533 shares during the quarter. The Manufacturers Life Insurance Company owned about 1.38% of QCR worth $17,271,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of QCRH. Rhumbline Advisers lifted its holdings in shares of QCR by 1.3% in the 2nd quarter. Rhumbline Advisers now owns 26,407 shares of the bank’s stock valued at $1,584,000 after buying an additional 341 shares during the period. ClariVest Asset Management LLC lifted its holdings in QCR by 2.9% in the second quarter. ClariVest Asset Management LLC now owns 15,080 shares of the bank’s stock valued at $905,000 after acquiring an additional 421 shares during the period. Principal Financial Group Inc. boosted its position in shares of QCR by 6.6% during the 2nd quarter. Principal Financial Group Inc. now owns 7,472 shares of the bank’s stock worth $448,000 after purchasing an additional 463 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of QCR by 12.9% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 4,713 shares of the bank’s stock worth $287,000 after purchasing an additional 539 shares in the last quarter. Finally, Innealta Capital LLC acquired a new position in shares of QCR during the 2nd quarter worth $35,000. Hedge funds and other institutional investors own 70.01% of the company’s stock.

QCR Stock Down 1.5 %

Shares of NASDAQ QCRH opened at $92.11 on Monday. The stock has a market capitalization of $1.55 billion, a price-to-earnings ratio of 13.37 and a beta of 0.93. QCR Holdings, Inc. has a 52 week low of $49.47 and a 52 week high of $96.08. The firm has a 50-day moving average price of $82.14 and a 200 day moving average price of $71.67. The company has a quick ratio of 0.99, a current ratio of 1.02 and a debt-to-equity ratio of 0.67.

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

QCR Dividend Announcement

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

Insider Buying and Selling at QCR

In related news, CAO Nick W. Anderson sold 675 shares of the business’s stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $81.93, for a total value of $55,302.75. Following the sale, the chief accounting officer now directly owns 782 shares in the company, valued at $64,069.26. The trade was a 46.33 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 3.70% of the stock is owned by corporate insiders.

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.