Legato Capital Management LLC Lowers Position in QCR Holdings, Inc. (NASDAQ:QCRH)

Legato Capital Management LLC reduced its stake in QCR Holdings, Inc. (NASDAQ:QCRH) by 6.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 17,759 shares of the bank’s stock after selling 1,134 shares during the period. Legato Capital Management LLC’s holdings in QCR were worth $1,432,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Point72 Asset Management L.P. acquired a new stake in shares of QCR during the third quarter valued at about $54,000. Quest Partners LLC purchased a new position in shares of QCR during the 3rd quarter worth approximately $62,000. R Squared Ltd acquired a new stake in QCR in the 4th quarter valued at approximately $64,000. Point72 DIFC Ltd purchased a new stake in QCR in the third quarter valued at approximately $65,000. Finally, New York State Teachers Retirement System acquired a new position in QCR during the third quarter worth $111,000. Institutional investors and hedge funds own 70.01% of the company’s stock.

QCR Trading Down 1.6 %

QCRH opened at $76.64 on Thursday. QCR Holdings, Inc. has a 52 week low of $54.37 and a 52 week high of $96.08. The company has a quick ratio of 0.99, a current ratio of 1.02 and a debt-to-equity ratio of 0.67. The business has a fifty day simple moving average of $81.52 and a 200-day simple moving average of $79.66. The firm has a market cap of $1.29 billion, a P/E ratio of 11.42 and a beta of 0.97.

QCR (NASDAQ:QCRH) last announced its earnings results on Wednesday, January 22nd. The bank reported $1.93 EPS for the quarter, beating 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%. On average, equities analysts expect that QCR Holdings, Inc. will post 6.82 earnings per share for the current year.

QCR Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Friday, December 13th were issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.31%. The ex-dividend date of this dividend was Friday, December 13th. QCR’s dividend payout ratio (DPR) is currently 3.58%.

Insider Buying and Selling

In related news, EVP Nicole A. Lee bought 1,094 shares of the stock in a transaction that occurred on Wednesday, January 29th. The stock was purchased at an average cost of $78.47 per share, with a total value of $85,846.18. Following the purchase, the executive vice president now directly owns 1,881 shares of the company’s stock, valued at $147,602.07. This trade represents a 139.01 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. 3.70% of the stock is owned by insiders.

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.