Summit Financial Strategies Inc. Trims Position in QCR Holdings, Inc. (NASDAQ:QCRH)

Summit Financial Strategies Inc. lessened its holdings in shares of QCR Holdings, Inc. (NASDAQ:QCRH) by 12.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,987 shares of the bank’s stock after selling 410 shares during the quarter. Summit Financial Strategies Inc.’s holdings in QCR were worth $241,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. Point72 Asset Management L.P. acquired a new stake in shares of QCR during the 3rd quarter worth $54,000. Quest Partners LLC purchased a new position in shares of QCR in the 3rd quarter worth about $62,000. Point72 DIFC Ltd acquired a new position in shares of QCR in the 3rd quarter valued at about $65,000. New York State Teachers Retirement System purchased a new stake in shares of QCR during the 3rd quarter worth about $111,000. Finally, SG Americas Securities LLC acquired a new stake in QCR during the 3rd quarter worth approximately $158,000. Institutional investors and hedge funds own 70.01% of the company’s stock.

QCR Stock Performance

Shares of QCRH stock opened at $78.75 on Monday. The company’s fifty day simple moving average is $84.80 and its 200-day simple moving average is $78.91. 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 52 week low of $54.37 and a 52 week high of $96.08. The company has a market cap of $1.33 billion, a PE ratio of 11.74 and a beta of 0.98.

QCR (NASDAQ:QCRH) last issued its quarterly earnings data on Wednesday, January 22nd. The bank reported $1.93 EPS for the quarter, topping analysts’ consensus estimates of $1.74 by $0.19. QCR had a return on equity of 12.68% and a net margin of 19.06%. As a group, equities research analysts anticipate that QCR Holdings, Inc. will post 6.93 EPS for the current year.

QCR Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Friday, December 13th were paid a $0.06 dividend. The ex-dividend date of this dividend was Friday, December 13th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.30%. QCR’s dividend payout ratio (DPR) is presently 3.58%.

Insider Activity at QCR

In other QCR 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 sale, the chief accounting officer now 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 Securities & Exchange Commission, which is available at this link. 3.70% of the stock is currently owned by corporate insiders.

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.