James D. Klein Sells 630 Shares of QCR Holdings, Inc. (NASDAQ:QCRH) Stock

QCR Holdings, Inc. (NASDAQ:QCRH) insider James D. Klein sold 630 shares of the firm’s stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $73.40, for a total transaction of $46,242.00. Following the completion of the transaction, the insider now directly owns 428 shares in the company, valued at approximately $31,415.20. This represents a 59.55 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

QCR Price Performance

QCRH stock opened at $74.04 on Wednesday. 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 Holdings, Inc. has a 12 month low of $54.37 and a 12 month high of $96.08. The firm has a market cap of $1.25 billion, a P/E ratio of 11.03 and a beta of 0.98. The company’s 50-day moving average price is $76.73 and its two-hundred day moving average price is $79.96.

QCR (NASDAQ:QCRH) last posted 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, analysts anticipate that QCR Holdings, Inc. will post 6.82 earnings per share for the current fiscal year.

QCR Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Wednesday, March 19th will be paid a $0.06 dividend. The ex-dividend date of this dividend is Wednesday, March 19th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.32%. QCR’s payout ratio is currently 3.58%.

Institutional Investors Weigh In On QCR

A number of hedge funds have recently made changes to their positions in QCRH. Janney Montgomery Scott LLC boosted its position in QCR by 2.9% during the 4th quarter. Janney Montgomery Scott LLC now owns 5,016 shares of the bank’s stock worth $404,000 after buying an additional 142 shares during the period. Rhumbline Advisers boosted its position in QCR by 0.6% during the 4th quarter. Rhumbline Advisers now owns 26,061 shares of the bank’s stock worth $2,102,000 after buying an additional 165 shares during the period. Mercer Global Advisors Inc. ADV lifted its position in shares of QCR by 5.2% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 5,698 shares of the bank’s stock worth $460,000 after purchasing an additional 283 shares during the period. MetLife Investment Management LLC lifted its position in shares of QCR by 3.2% in the 4th quarter. MetLife Investment Management LLC now owns 9,957 shares of the bank’s stock worth $803,000 after purchasing an additional 313 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of QCR by 4.1% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,326 shares of the bank’s stock worth $752,000 after purchasing an additional 365 shares during the period. 70.01% of the stock is currently owned by institutional investors and hedge funds.

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.