Wedge Capital Management L L P NC Sells 7,367 Shares of QCR Holdings, Inc. (NASDAQ:QCRH)

Wedge Capital Management L L P NC lowered its stake in QCR Holdings, Inc. (NASDAQ:QCRH) by 15.0% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 41,879 shares of the bank’s stock after selling 7,367 shares during the quarter. Wedge Capital Management L L P NC owned about 0.25% of QCR worth $3,377,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Point72 Asset Management L.P. bought a new position in shares of QCR in the 3rd quarter valued at about $54,000. Quest Partners LLC purchased a new stake in shares of QCR in the 3rd quarter worth $62,000. Point72 DIFC Ltd bought a new position in QCR during the 3rd quarter worth about $65,000. New York State Teachers Retirement System bought a new position in shares of QCR during the third quarter valued at approximately $111,000. Finally, SG Americas Securities LLC bought a new stake in QCR during the 3rd quarter valued at $158,000. 70.01% of the stock is owned by institutional investors.

Insider Activity

In related news, CAO Nick W. Anderson sold 675 shares of the business’s stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $81.93, for a total transaction of $55,302.75. Following the completion of the transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 3.70% of the company’s stock.

QCR Stock Performance

Shares of QCR stock opened at $80.70 on Monday. The company has a 50-day simple moving average of $85.90 and a two-hundred day simple moving average of $78.16. 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 Holdings, Inc. has a one year low of $54.32 and a one year high of $96.08. The company has a market capitalization of $1.36 billion, a PE ratio of 11.71 and a beta of 0.98.

QCR (NASDAQ:QCRH) last announced its earnings results on Wednesday, October 23rd. The bank reported $1.78 earnings per share for the quarter, topping the consensus estimate of $1.49 by $0.29. The firm had revenue of $152.58 million for the quarter, compared to the consensus estimate 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 business earned $1.51 EPS. Research analysts expect that QCR Holdings, Inc. will post 6.74 EPS for the current fiscal year.

QCR Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Friday, December 13th were given a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.30%. The ex-dividend date was Friday, December 13th. QCR’s payout ratio is 3.48%.

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.