QCR Holdings, Inc. (NASDAQ:QCRH) Shares Sold by Summit Financial Strategies Inc.

Summit Financial Strategies Inc. lowered its stake in shares of QCR Holdings, Inc. (NASDAQ:QCRH) by 12.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). 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 reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Point72 Asset Management L.P. bought a new position in QCR in the 3rd quarter valued at about $54,000. Quest Partners LLC acquired a new stake in shares of QCR in the 3rd quarter worth approximately $62,000. Point72 DIFC Ltd bought a new position in shares of QCR in the third quarter valued at approximately $65,000. New York State Teachers Retirement System acquired 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 third quarter worth approximately $158,000. 70.01% of the stock is currently owned by institutional investors.

QCR Price Performance

Shares of NASDAQ QCRH opened at $78.75 on Monday. The company has a current ratio of 1.02, a quick ratio of 0.99 and a debt-to-equity ratio of 0.67. The firm has a 50-day moving average of $84.80 and a two-hundred day moving average of $78.91. QCR Holdings, Inc. has a twelve month low of $54.37 and a twelve month high of $96.08. The company has a market capitalization of $1.33 billion, a price-to-earnings ratio of 11.74 and a beta of 0.98.

QCR (NASDAQ:QCRH) last announced its earnings results on Wednesday, January 22nd. The bank reported $1.93 earnings per share (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, analysts expect that QCR Holdings, Inc. will post 6.93 earnings per share for the current fiscal year.

QCR Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Friday, December 13th were issued a dividend of $0.06 per share. 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 is currently 3.58%.

Insider Activity at QCR

In related news, CAO Nick W. Anderson sold 675 shares of the company’s stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $81.93, for a total transaction of $55,302.75. Following the transaction, the chief accounting officer now directly owns 782 shares of the company’s stock, valued at approximately $64,069.26. The trade was a 46.33 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 3.70% of the stock is owned by 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.